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Parsley closes $164MM non-core Midland sales at YE18
Permian pure-play Parsley Energy completed $164 million in deals to sell non-core Midland Basin assets, including multiple divestitures and a trade through which it exchanged acreage for other acreage and cash. The divested assets constitute 11,850 net acres in central Reagan, southern Upton, northern Howard and Martin counties, Texas, with 256 locations and average laterals of 5,100 ft. Q3 net production was 1,200 boe/d (55% oil), which Parsley said is accounted for in its......
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