Parsley adds to Permian stash

Parsley Energy has snapped up more than 8000 acres in the Permian basin for $139 million but plans to cut its capital budget for the year by more than 50% to between $225 and $250 million.

Pump jack in a cotton field outside of Midland in the Permian Basin, West Texas
Pump jack in a cotton field outside of Midland in the Permian Basin, West Texas
Published 6 February 2015, 20:47Updated 6 February 2015, 20:47
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