Parsley Energy Earnings Slow, Reduces Rig and Frac Counts

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  • #19909
    ThePitBoss
    Participant

    Permian operator Parsley Energy $PE reported worse than expected…

    [article]1378[/article]

    #19929
    ClemSnide
    Participant

    PE is first shale company I have read said pulling buck “said with recent commodity price trends it has reduced rig and frac spread counts and intends to reduce its 2019 capital leasing and acquisition spend”

    Now with oil back up here expect most to carry on..

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