Parsley Energy, Inc. Announces Production Results for the Second Quarter Ended June 30, 2019; Provides Production Guidance for the Third Quarter and Full Year
The company provided production guidance for the third quarter and full year 2019. For the quarter, the company expects net oil production to average 87 MBo/d - 90 MBo/d.
The company announced that it is tightening its 2019 capital budget range, increasing its full-year 2019 net oil production guidance. The company expects annual net oil production to be in range of 85.0 mbo/d -86.5 mbo/d against previous guidance of 80.0 mbo/d - 85.0 mbo/d. The annual net total production to be in range of 134.0 mboe/d - 139.0 mboe/d against previous guidance of 124.0 mboe/d - 134.0 mboe/d.