- Parsley Energy (NYSE:PE) -2.5% AH after agreeing to acquire, in unrelated transactions, undeveloped acreage and producing oil and gas properties adjacent to its existing operating areas in the Midland Basin and Delaware Basin for a combined $607M, plus Delaware Basin mineral interests for $43M.
- To fund the deal, PE launches a 20M-share public offering, with an underwriters an option to purchase up to an additional 3M common shares.
- PE also unveils 2017 capex guidance of $750M-$900M, which plans to a 75% increase in net lateral footage and production growth of nearly 60% from 2016.