The Basic Story: Parsley Energy, Inc. (NYSE:PE) is a pure Play Permian name with acreage and activities centered on the Midland Basin that is set to IPO on or about May 22, 2014. Parsley grew from nothing to over 13,000 BOEpd since 2008 via leasing and an active vertical drilling program. The company is in the process of moving from a vertical only program to a vertical plus horizontal one. As you can see below from their leasehold map, they are positioned at least as well as their primary Midland Basin go focused peers Diamondback Energy (NASDAQ:FANG), RSP Permian (NYSE:RSPP) and Athlon Energy Inc. (NYSE:ATHL). Parsley's acreage position is large with over...
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