Parsley Energy (PE) Tops Q1 EPS by 7c

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Go back to Parsley Energy (PE) Tops Q1 EPS by 7c

Parsley Energy Announces First Quarter 2018 Financial And Operating Results

May 3, 2018 4:05 PM EDT

AUSTIN, Texas, May 3, 2018 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced financial and operating results for the quarter ended March 31, 2018. The Company has posted to its website a presentation that supplements the information in this release. 

First Quarter 2018 Highlights

Net oil production increased 15% quarter-over-quarter and 57% year-over-year to 59.3 MBo per day. Total net production averaged 93.4 MBoe per day.(1) Parsley placed 21 gross operated horizontal wells on production in the Delaware Basin during 1Q18 at an average completed lateral length of... More