Parsley Energy (PE) Tops Q3 EPS by 1c

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Go back to Parsley Energy (PE) Tops Q3 EPS by 1c

Parsley Energy Announces Third Quarter 2016 Financial And Operating Results; Adds Drilling Locations In Second Wolfcamp B Target Zone To Midland Basin Inventory

November 2, 2016 4:10 PM EDT

AUSTIN, Texas, Nov. 2, 2016 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced financial and operating results for the quarter ended September 30, 2016. The Company has posted to its website a presentation that supplements the information in this release.

Third Quarter 2016 Highlights

Net production averaged 43.0 MBoe per day, up 20% versus 2Q16 and 99% year-over-year. Net oil production increased 24% versus 2Q16 and 131% year-over-year, with oil volumes representing 67% of total production in 3Q16.... More