Parsley Energy (PE) Acquires Certain Texas Oil & Gas Properties from Mexco Energy (MXC)
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Mexco Energy Corporation Announces Sale of Acreage to Parsley Energy
October 7, 2016 12:31 PM EDTMIDLAND, TX -- (Marketwired) -- 10/07/16 -- Mexco Energy Corporation (NYSE MKT: MXC) today announced the sale of certain oil and gas properties in Glasscock County, Texas.
Mexco received approximately $2.187 million in cash from a sale of working interests to Parsley Energy, Inc. covering 50 net acres located in Glasscock County, Texas in the horizontal Wolfcamp trend of the Permian Basin in West Texas. These proceeds are part of a sale by several co-owners of 11,672 gross (9,140 net) acres containing 67 gross (60 net) vertical wells with net... More
