Parsley Energy (PE) Misses Q2 EPS by 6c

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Parsley Energy Announces Second Quarter 2017 Financial And Operating Results; Raises Production Guidance And Announces Successful Delineation Results

August 2, 2017 4:05 PM EDT

AUSTIN, Texas, Aug. 2, 2017 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced financial and operating results for the quarter ended June 30, 2017. The Company has posted to its website a presentation that supplements the information in this release.

Second Quarter 2017 Highlights

Net production averaged 64.7 MBoe per day, up 18% versus 1Q17 and 81% year-over-year. Daily net oil production increased 14% versus 1Q17 and 82% year-over-year. The Company is increasing full-year 2017 net production guidance from 65-71 MBoe per day to... More