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Parsley Energy (PE) Company Profile

Updated Sep 9, 2019
Parsley Energy has the following business profile:
Company's Full Name:Parsley Energy, Inc.
Short Name:Parsley Energy
Trading Ticker Symbol:PE
Primary Exchange:NYSE
Headquarter City/Country:Austin, Texas
Primary Industry Sector:Energy
Seconday Sub-sector:Oil and Gas Production
Main Business Areas: Energy, Oil and Gas Production, Oil & Gas E&P
Dividend Payments:Dividend History

Market and Trading Information for Parsley Energy

The following details were available for trading and market data about the stock of Parsley Energy as of writing:
Current Share Price:$17.7
Previous Year's Closing Price:$15.98
Percentage Price Change (YTD):10.76%
Market Cap:$5.81 billion
52-week Price Range:$13.72 - $31.05
Dividend Per Share:$0
EPS (TTM):0.92
Price-Earnings (Trailing):19.18
Price-Earnings (Forward):9.03

Company Profile and Business Description for Parsley Energy

Parsley Energy, Inc., incorporated on December 11, 2013, is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Company's properties are primarily located in the Midland and Delaware Basins, where it focuses on horizontal development drilling and target various stacked pay intervals in the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline) and Atoka shales.

As of December 31, 2016, it had an average working interest of 87% in 166 gross (146.7 net) horizontal wells, of which 151 gross (132.4 net) are in the Midland Basin. As of December 31, 2016, the Company operated seven horizontal rigs and three vertical drilling rigs. The vertical rigs are used primarily to drill the vertical portion of horizontal wells. As of December 31, 2016, the Company's estimated proved oil and natural gas reserves were 222.3 million barrels of oil equivalent (MMBoe).

The Company has divided its assets into two areas, including the Midland Basin and Southern Delaware Basin. As of December 31, 2016, it had 123,330 gross (95,072 net) acres in its Midland Basin area. It had interests in 151 gross (132.4 net) producing horizontal wells in the Midland Basin and had operated 97% of the wells in the Midland Basin in which it had an interest as of December 31, 2016. As of December 31, 2016, it also had interest in 688 gross (465.5 net) producing vertical wells. As of December 31, 2016, it had 48,400 gross (43,495 net) acres in its Delaware Basin area. As of December 31, 2016, it had interests in 15 gross (14.3 net) producing horizontal wells in the Delaware Basin. As of December 31, 2016, it also had interest in 16 gross (16.0 net) producing vertical wells.

303 Colorado St Ste 3000

Peer / Competitor Companies of Oil and Gas Production Sector

Along with Parsley Energy, Inc., the following other peer (competitor) companies also exist within the same Oil and Gas Production - Energy sector whose company profile and dividend history is as follows:

▶ Abraxas Petroleum (AXAS): Abraxas Petroleum Corporation, incorporated on August 31, 1990, is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. As of ....See Detailed Company Profile  and Dividend History.

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▶ Anadarko Petroleum (APC): Anadarko Petroleum Corporation (Anadarko), incorporated on June 12, 1985, is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. ....See Detailed Company Profile  and Dividend History.

▶ Anadarko Petroleum (AEUA): Anadarko Petroleum Corporation (Anadarko), incorporated on June 12, 1985, is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. ....See Detailed Company Profile  and Dividend History.

▶ Antero Resources (AR): Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As o....See Detailed Company Profile  and Dividend History.

▶ Apache (APA): Apache Corporation, incorporated on December 6, 1954, is an independent energy company. Both domestically and internationally, the Company explores for, develops, and produces natural gas, crude oil and natural gas ....See Detailed Company Profile  and Dividend History.

▶ Approach Resources (AREX): Approach Resources Inc., incorporated on October 12, 2002, is an independent energy company. The Company is focused on the exploration, development, production and acquisition of unconventional oil and gas reserves ....See Detailed Company Profile  and Dividend History.

▶ Atwood Oceanics (ATW): Atwood Oceanics, Inc., incorporated on October 9, 1968, is an offshore drilling company. The Company is engaged in the drilling and completion of exploration and development wells for the global ....See Detailed Company Profile  and Dividend History.

▶ Barnwell Industries (BRN): Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada. The company operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drillin....See Detailed Company Profile  and Dividend History.

▶ Baytex Energy (BTE): Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. ....See Detailed Company Profile  and Dividend History.

▶ Bellatrix Exploration (BXE): 1920-800 5 Ave SW....See Detailed Company Profile  and Dividend History.

▶ Bill Barrett (BBG): Bill Barrett Corporation, incorporated on April 29, 2002, is an independent energy company that develops, acquires and explores for oil and natural gas resources. The Companys assets and operations are ....See Detailed Company Profile  and Dividend History.

▶ Black Stone Minerals (BSM): Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty....See Detailed Company Profile  and Dividend History.

▶ Bonanza Creek Energy (BCEI): Bonanza Creek Energy, Inc. (Bonanza Creek), incorporated on December 2, 2010, is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich ....See Detailed Company Profile  and Dividend History.

▶ Cabot Oil and Gas (COG): Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily fo....See Detailed Company Profile  and Dividend History.

▶ California Resources (CRC): California Resources Corporation, incorporated on April 23, 2014, is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produced ....See Detailed Company Profile  and Dividend History.

▶ Callon Petroleum (CPE): Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in....See Detailed Company Profile  and Dividend History.

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▶ Camber Energy (CEI): Camber Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids (NGL) in Texas and Oklahoma. The c....See Detailed Company Profile  and Dividend History.

▶ Canadian Natural Resources (CNQ): Canadian Natural Resources Limited, incorporated on January 6, 1985, is an independent crude oil and natural gas exploration, development and production company. The Companys segments include Exploration and Production, Oil ....See Detailed Company Profile  and Dividend History.

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