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Stock Market & Financial Investment News

News Breaks
August 25, 2014
16:11 EDTPEParsley Energy announces $252M acquisitions in Midland Basin
Parsley Energy announced it has entered into agreements in separate transactions with multiple sellers to acquire certain undeveloped acreage and producing oil and gas properties located adjacent to the company’s existing operating areas in Reagan County, TX for an approximate aggregate price of $252M. Highlights of the acquisitions include 157 net horizontal drilling locations across 5,472 net acres in Reagan County, average stimulated lateral of approximately 6,900 feet per acquired drilling location, contiguous bolt-on acreage enables conversion of 30 existing short lateral drilling locations to long lateral locations, and 140 net vertical 80 and 40-acre drilling locations and 140 net vertical 20-acre drilling locations. The acquisitions are scheduled to close on or before September 30. Parsley Energy intends to initiate well completions on the two uncompleted wells upon closing, with the first new wells to be spud in 1Q15. The company expects to fund the acquisitions entirely with cash-on-hand, and expects to have more than $500M of liquidity after the transactions close.
News For PE From The Last 14 Days
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December 18, 2014
08:02 EDTPEParsley Energy downgraded to Market Perform from Outperform at Wells Fargo
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December 15, 2014
12:12 EDTPEParsley Energy management to meet with Stephens
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December 10, 2014
10:10 EDTPEHigh option volume stocks
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07:45 EDTPEWells Fargo to hold a symposium
2014 Wells Fargo Energy Symposium is being held in New York on December 9-10; with webcasted company presentations to begin on December 10 at 8 am; not all company presentations may be webcasted. Webcast Link

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