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
Acquisition in 2019
Jagged Peak Energy Inc. is an independent oil and natural gas company based in Denver, Colorado, focused on the acquisition and development of unconventional oil and liquids-rich natural gas reserves in the Southern Delaware Basin, a prominent area within the Permian Basin of West Texas. The company holds an extensive portfolio of approximately 79,500 net acres with significant proved reserves and operates a number of productive wells. Founded in 2013, Jagged Peak is recognized for its experienced management team, led by industry veteran Joseph N. Jaggers, who has a strong background in enhancing oil and gas operations. The company’s strategic focus on this prolific resource play positions it to generate substantial revenue from oil and gas sales primarily within the United States. As of 2020, Jagged Peak Energy operates as a subsidiary of Parsley Energy, Inc.
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