Parsley Energy
Parsley Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration, production, and sale of crude oil and natural gas properties primarily in the Permian Basin of West Texas and Southeastern New Mexico. Founded in 2008 and headquartered in Austin, Texas, Parsley has established a significant presence in the region, operating across approximately 191,179 net acres, including substantial holdings in both the Midland and Delaware Basins. The company has drilled over 270 wells and was actively producing around 17,000 barrels of oil equivalent per day on a gross basis. As of the end of 2019, Parsley reported estimated net proven reserves of 592 million barrels of oil equivalent, reflecting its strong position in a prolific area. With a dedicated workforce, Parsley Energy continues to pursue growth in the competitive oil and gas sector.
Jagged Peak Energy LLC is an independent oil and natural gas company based in Denver, Colorado, specializing in the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves. The company operates primarily in the Southern Delaware Basin, part of the Permian Basin in West Texas, recognized as one of North America's most productive resource areas. As of the end of 2018, Jagged Peak Energy held an 87% average working interest in approximately 79,500 net acres and owned a 89% average working interest in 143 productive wells. The company’s management team, led by industry veteran Joseph N. Jaggers, brings extensive experience in engineering, geoscience, and operations, contributing to significant production and reserve growth. Jagged Peak's operations yield substantial revenue from oil and gas sales, primarily within the United States, and the company is recognized for its strategic focus on contiguous acreage across several counties, enhancing its ability to tap into multiple stacked hydrocarbon-bearing formations.
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