I have read where Parsley Energy is buying JPE. We have 3 wells with JPE with a few others permitted to drill. Anyone have information about Parsley and whether they will have a more aggressive drilling program?
Parsley is a good company. You can download their 2Q19 PowerPoint deck from Parsley website for overall perspective. Parsley releases 3Q19 earnings 11//6/19 and a new financial presentation.
Most E&P companies slowed the growth rate of new drilling in 2Q19, and we’ll soon learn updated plans in coming weeks. I’m expecting most E&P companies will continue drilling, but focus on premium acreage, reduce drilling of marginal acreage.