Parsley Energy, Inc. announced production results for the fourth quarter and year ended December 31, 2019. For the quarter, the company reported total net production volume of 13,451 mboe against 11,026 mboe a year ago. Average daily net production was 146,207 boe/d against 119,848 boe/d a year ago. The company reported production of oil of 8,241 MBbls against 7,087 MBbls a year ago. Natural gas production was 13,966 MMcf against 9,696 MMcf a year ago. Natural gas liquids production was 2,882 MBbls against 2,323 MBbls a year ago.

For the year, the company reported total net production volume of 51,322 mboe against 39,937 mboe a year ago. Average daily net production was 140,608 boe/d against 109,416 boe/d a year ago. The company reported production of oil of 31,664 MBbls against 25,356 MBbls a year ago. Natural gas production was 51,933 MMcf against 37,365 MMcf a year ago. Natural gas liquids production was 11,002 MBbls against 8,353 MBbls a year ago.

The company provided production guidance for the full year 2020. The company expects annual net oil production to be in range of 125.0 mbo/d – 133.0 mbo/d. The annual net total production to be in range of 200.0 mboe/d to 210.0 mboe/d.