Parsley Energy (PE) Tops Q4 EPS by 5c

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Go back to Parsley Energy (PE) Tops Q4 EPS by 5c

Parsley Energy Announces Fourth Quarter 2015 Financial and Operating Results and 2016 Capital Program

February 24, 2016 4:30 PM EST

AUSTIN, Texas--(BUSINESS WIRE)-- Parsley Energy, Inc. (NYSE: PE) (Parsley, Parsley Energy, or the Company) today announced financial and operating results for the quarter ended December 31, 2015 and also introduced its 2016 capital program. The Company has posted to its website a presentation that supplements the information in this release.

Fourth Quarter 2015 Highlights

Net production averaged 25.2 MBoe/d, up 17% versus 3Q15 and 38% year-over-year. Oil volumes increased 27% quarter-over-quarter and 52% year-over-year, representing 63% of total production in 4Q15. Full-year 2015 production increased 55% over full-year 2014 to 22.0 MBoe/d, with growth through drilling... More