Parsley trims capex, maintains production for 2020

Permian producer will stick to 15-rig development, up to five frack crews on average this year

Parsley: new budget pared to a range of $1.6 billion to $1.8 billion
Parsley: new budget pared to a range of $1.6 billion to $1.8 billionPhoto: REUTERS/SCANPIX
Published 24 January 2020, 20:42Updated 28 January 2020, 16:42