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Smack In The Midland: Parsley Launches Another Deal, Equity Offering

December 11, 2015
Oil and Gas Investor

Parsley Energy Inc. (NYSE: PE) said Dec. 9 it has entered an agreement to purchase Midland Basin assets for $148.5 million and once again will sell equity in the company.

In an agreement with PCORE Exploration & Production LLC, a portfolio company of Natural Gas Partners, Parsley will acquire undeveloped acreage and producing oil and gas properties adjacent to its operating areas in Upton, Reagan and Glasscock counties, Texas.