Parsley Energy, Inc. announced production results for the second quarter ended June 30, 2019. For the quarter, the company reported total net production volume of 12,749 mboe against 9,811 mboe a year ago. Average daily net production was 140,099 boe/d against 107,813 boe/d a year ago. The company reported production of oil of 7,881 MBbls against 6,165 MBbls a year ago. Natural gas was 13,004 MMcf against 9,235 MMcf a year ago. Natural gas liquids was 2,701 MBbls against 2,106 MBbls a year ago.

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.