Parsley Energy, Inc. Announces Production Results for the Fourth Quarter and Year Ended December 31, 2019; Provides Production Guidance for the Full Year 2020
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.