Imperial Capital Raises Price Target on Parsley Energy (PE) to $42

Parsley Energy, LLC Announces Pricing of $200 Million Private Placement of Additional 6.250% Senior Unsecured Notes due 2024

AUSTIN, Texas, Aug. 16, 2016 /PRNewswire/ -- Parsley Energy, LLC ("Parsley"), a subsidiary of Parsley Energy, Inc. (NYSE: PE) ("Parsley Inc."), and Parsley's wholly owned subsidiary, Parsley Finance Corp., announced today the pricing of its previously announced private placement (the "Notes Offering") of an additional $200.0 million in aggregate principal amount of their 6.250% senior unsecured notes due 2024 (the "New 2024 Notes") at 102.000% of par. The Notes Offering is expected to close on August 19, 2016, subject to customary closing conditions.... More

Pure Energy Minerals Ltd. Announces US Stock Ticker Change to PEMIF

VANCOUVER, British Columbia, Aug. 16, 2016 (GLOBE NEWSWIRE) -- Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT:A111EG) (OTCQB: PEMIF) (the Company or Pure Energy) today announced that the Financial Industry Regulatory Authority (FINRA) has approved a change of the trading symbol of the Company's common stock in the United States. Effective today, the new OTC symbol for Pure Energy will be "PEMIF" (OTCQB: PEMIF). Information such as stock trading and market data, related to Pure Energy Minerals, Ltd., will be reported... More

Parsley Energy Prices Upsized Offering of Class A Common Stock

AUSTIN, Texas, Aug. 15, 2016 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley Energy" or the "Company") today announced that it has priced an underwritten, upsized public offering of 7,250,000 shares of Class A common stock for total gross proceeds (before underwriters' fees and estimated expenses) of approximately $243.2 million (the "Equity Offering"). The 7,250,000 million share offering represents a 250,000 share upsize to the originally proposed 7,000,000 share offering. The underwriters have an option for 30 days to purchase up to an additional 1,087,500 shares of Class A common stock from the Company. The Equity Offering is expected to close on August 19,... More

Parsley Energy, LLC Announces $200 Million Private Placement of Additional 6.250% Senior Unsecured Notes due 2024

AUSTIN, Texas, Aug. 15, 2016 /PRNewswire/ -- Parsley Energy, LLC ("Parsley"), a subsidiary of Parsley Energy, Inc. (NYSE: PE) ("Parsley Inc."), and Parsley's wholly owned subsidiary, Parsley Finance Corp., announced today that, subject to market conditions, they intend to offer an additional $200.0 million in aggregate principal amount of their 6.250% senior unsecured notes due 2024 (the "New 2024 Notes") to eligible purchasers (the "Notes Offering").

On May 27, 2016,... More

Parsley Energy Announces Public Offering of Class A Common Stock

AUSTIN, Texas, Aug. 15, 2016 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley Energy" or the "Company") today announced that it has commenced an underwritten public offering of 7,000,000 shares of Class A common stock (the "Equity Offering"). The Company expects to grant the underwriters an option to purchase up to an additional 1,050,000 shares of Class A common stock from the Company.

Concurrently with... More

Parsley Energy Announces Midland Basin Acquisition

AUSTIN, Texas, Aug. 15, 2016 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley Energy," "Parsley," or the "Company") today announced that it has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties in Glasscock County, Texas, as well as associated mineral and overriding royalty interests, for an aggregate purchase price of $400 million in cash, subject to customary closing conditions. Parsley intends to finance this acquisition through debt and equity issuances announced concurrently with the... More