Houston Chronicle Parsley Energy and Pioneer Natural Resources, two of the most active oil companies in Texas, on Monday asked the Railroad Commission to hold an emergency meeting and order production cuts at a time when record low crude prices threaten hundreds of thousands of jobs. The request comes as the U.S. benchmark crude settled Monday just above $20, nearly
Source: Houston Chronicle Austin-based Parsley Energy said it will pay $1.65 billion to acquire Denver’s Jagged Peak Energy in a combination of Permian Basin players. The all-stock deal turns Parsley into a buyer at a time when energy analysts believed it would be more likely instead for Parsley to be scooped up by a Big Oil major looking to further
Parsley Pioneers Three-Mile Lateral in Permian By Richard Rostad, analyst, Oil & Gas 360 A drilling slowdown during Q4 did not prevent Parsley Energy (stock ticker: PE, $PE) from achieving several major drilling-related milestones. Parsley reports it drilled one of the longest wells in the Permian recently, a three-mile lateral. This well took only 25 days to drill, with less
Recycled water program shows promise Parsley Energy (ticker: PE) announced third quarter results today, showing earnings of $113.3 million, or $0.41 per share. This result is significantly improved from Q3 2017, when the company lost $13.3 million, but falls slightly short of the $119.2 million Parsley earned in Q2 2018. This decrease is primarily due to derivative losses, as after
Parsley Energy, Inc. (ticker: PE) announced on May 23, 2016, that the company has reached an agreement to acquire mineral rights under approximately 30,000 acres consisting of Parsley leasehold and other adjacent properties in Pecos and Reeves Counties, Texas, in the Southern Delaware Basin for $280.5 million in cash. The proposed transaction is scheduled to close by July 14, 2016.
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