Stifel Raises Price target on Parsley Energy (PE) Following Announced Midland and Southern Delaware Basin Acquisitions
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April 4, 2016 7:40 PM EDT
AUSTIN, Texas--(BUSINESS WIRE)--
Parsley Energy, Inc. (NYSE: PE) (Parsley Energy or the Company)
today announced that it has priced an underwritten, upsized public
offering of 18,250,000 shares of Class A common stock for total gross
proceeds (before underwriters fees and estimated expenses) of
approximately $390.6 million. The 18,250,000 share offering represents a
2,250,000 share upsize to the originally proposed 16,000,000 share
offering. The underwriters have an option for 30 days to purchase up to
an additional 2,737,500 shares of Class A common stock from the Company.
The offering is expected to close on April 8, 2016, subject to customary
closing conditions.
... More
April 4, 2016 4:06 PM EDT
AUSTIN, Texas--(BUSINESS WIRE)--
Parsley Energy, Inc. (NYSE: PE) (Parsley Energy or the Company)
today announced that it has commenced an underwritten public offering of
16,000,000 shares of Class A common stock. The Company expects to grant
the underwriters an option to purchase up to an additional 2,400,000
shares of Class A common stock from the Company.
Parsley Energy intends to use the net proceeds of the offering to fund
the aggregate purchase price for the acquisitions of oil and gas
interests in the Southern Delaware and Midland Basins (the
Acquisitions) the Company announced today. Any... More
April 4, 2016 4:05 PM EDT
AUSTIN, Texas--(BUSINESS WIRE)--
Parsley Energy, Inc. (NYSE: PE) (Parsley Energy or the Company)
today announced that it has entered into agreements to acquire certain
undeveloped acreage and producing oil and gas properties located
adjacent to the Companys existing operating areas in the Southern
Delaware and Midland Basins for an aggregate purchase price of $359
million in cash (subject to customary purchase price adjustments).
This Smart News Release features multimedia. View the full release here:... More
