Parsley Energy, Inc. Announces Production Results for the Third Quarter Ended September 30, 2019; Provides Production Guidance for the Year 2019
November 05, 2019 at 04:15 pm EST
Parsley Energy, Inc. announced production results for the third quarter ended September 30, 2019. For the quarter, the company reported total net production volume of 13,836 mboe against 10,690 mboe a year ago. Average daily net production was 150,391 boe/d against 116,196 boe/d a year ago. The company reported production of oil of 8,440 MBbls against 6,763 MBbls a year ago. Natural gas was 14,475 MMcf against 9,878 MMcf a year ago. Natural gas liquids was 2,983 MBbls against 2,281 MBbls a year ago.
The company provided production guidance for the full year 2019. The company expects annual net oil production to be in range of 86.4 mbo/d 87.4 mbo/d against previous guidance of 85.0 mbo/d -86.5 mbo/d. The annual net total production to be in range of 138.0 mboe/d - 142.0 mboe/d against previous guidance of 134.0 mboe/d - 139.0 mboe/d.