Post Tagged with: "Parsley Energy"

US oil shut-ins in numbers: Expect at least 300,000 barrels per day shut during May and June

US oil shut-ins in numbers: Expect at least 300,000 barrels per day shut during May and June

Rystad Energy


US oil production of at least 300,000 oil barrels per day (bpd) will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers. It is unclear how much of …

Source: CNBC

Parsley Energy CEO says Texas must cut oil production, which hasn’t happened since the 1970s

CNBC


Parsley Energy CEO Matt Gallagher on Wednesday told CNBC’s Jim Cramer that the state of Texas must issue an oil production cut, or risk putting almost 1 million jobs across the country in jeopardy.

“My stance is if we …

Source: Houston Chronicle

Oil War: Some Permian Basin operators already scaling back operations

Houston Chronicle


Two oil companies focused on the Permian Basin of West Texas are already planning to scale back their operations amid an oil war between Russia and Saudi Arabia that has caused commodity prices to crash.

In a pair …

Houston, TX - 2020 NAPE Summit - Attendees  during Exhibit Hall at the 2020 NAPE Summit  at the George R Brown Convention Center here today, Thursday February 6, 2020. Photo by © NAPE/Todd Buchanan 2020 - Exhibit Hall

NAPE Summit 2020 – The Good, the Bad, and the Upbeat

Oil and Gas 360


The Good:

NAPE is one of the best meeting places in our Oil and Gas marketplace. This year was no exception. Our team from Oil & Gas 360 were able to visit with CEO’s, presidents, marketing, …

Source: Houston Chronicle

Parsley Energy following trend – cuts budget, hikes dividend

Houston Chronicle


Austin’s Parsley Energy is following a growing trend among oil and gas producers – cutting their capital budgets while hiking payouts to shareholders.

The moves are intended to instill conservative fiscal restraint while also wooing Wall Street investors …

Parsley Energy releases inaugural Corporate Responsibility Report

Parsley Energy releases inaugural Corporate Responsibility Report

Oil and Gas 360


AUSTIN, TexasDec. 19, 2019 /PRNewswire/ — Parsley Energy, Inc. (NYSE: PE) (“Parsley” or the “Company”) today released its inaugural Corporate Responsibility Report. The report outlines Parsley’s commitment and approach to governance, ethics, environmental stewardship, …

Rising Oil Price Only Accelerates Free Cash: Parsley

Rising Oil Price Only Accelerates Free Cash: Parsley

In-basin sand is saving $500,000 per well
By Richard Rostad, analyst, Oil & Gas 360

Parsley Energy (ticker: PE) announced first quarter results today, showing a net loss of $24.1 million, or ($0.09) per share.

After excluding derivative losses and

Another Big Permian E&P Pulls Back the Throttle for 2019

Another Big Permian E&P Pulls Back the Throttle for 2019

Spending falls, production growth decelerates
Parsley Energy (ticker: PE) provided its 2019 outlook today, summarizing the company’s plans for the coming year.

Like Diamondback’s plan released yesterday, Parsley plans to slow down next year, operating with fewer rigs and frac

Billionaire Cooperman Looks for $70 WTI, Names His Oil & Gas Stock Picks

Billionaire Cooperman Looks for $70 WTI, Names His Oil & Gas Stock Picks

From CNBC

Billionaire investor Leon Cooperman predicted U.S. oil’s rise to $60 a barrel, and now he says it could hit $70.

“I think the supply-demand outlook is favorable, and we would not be surprised to see oil reaching $70 …

February 8, 2018 - 2:06 pm Closing Bell Story‎, Energy News
Parsley Energy Keeps the Green Coming

Parsley Energy Keeps the Green Coming

FY2017 CapEx of $1.2 billion: 40 wells to be placed on production each quarter in 2018

Parsley Energy, Inc. (ticker: PE) has released certain full-year 2017 results and an operational update for its Wolfcamp C delineation program.

Q4 and FY2017

Parsley Energy Announces New CEO

Parsley Energy Announces New CEO

Parsley Energy, Inc. (ticker: PE) said that next year, effective Jan. 2019, Chairman of the Board and CEO Bryan Sheffield will be succeeded as CEO by Matt Gallagher, the company’s current president and COO.

Gallagher is appointed to Parsley’s board …

Parsley Ups Borrowing Base to $1.4 Billion

Parsley Ups Borrowing Base to $1.4 Billion

Parsley has full borrowing capacity available for Permian development

Permian driller Parsley Energy (ticker: PE) said it has amended its revolving credit agreement, increasing the borrowing base by 60% to $1.4 billion, with a company-elected commitment amount of $1.0 billion.…

Parsley Closes $2.8 Billion Midland Acquisition

Parsley Closes $2.8 Billion Midland Acquisition

Permian-focused Parsley Energy (NYSE: PE) closed the acquisition of undeveloped acreage and producing oil and gas properties in the core of the Midland Basin from Double Eagle Energy Permian LLC for an aggregate purchase price of approximately $2.8 billion, consisting …

Stepping on the Accelerator: Parsley Energy Snags $607 Million in Midland, Delaware Assets

Stepping on the Accelerator: Parsley Energy Snags $607 Million in Midland, Delaware Assets

Parsley plans to complete 120-140 gross operated horizontal wells in 2017, company targets 60% annual production growth in 2017

Parsley Energy, Inc. (ticker: PE) has entered into unrelated transactions for undeveloped acreage and producing oil and gas properties adjacent …