What happened parsley energy?
Pioneer Natural Resources has completed its $4.5 billion acquisition of Parsley Energy, creating a powerhouse in the Permian Basin of West Texas. Pioneer Natural Resources has completed its $4.5 billion acquisition of Parsley Energy, creating a powerhouse in the prolific Permian Basin of West Texas.
Who bought parsley energy?
Pioneer Natural Resources
Pioneer Natural Resources on Jan. 12 completed its $4.5 billion buyout of Austin-based Parsley Energy Inc., after shareholders of both companies approved the merger.
Who is the CEO of parsley energy?
Bryan Sheffield
Bryan Sheffield (born 1978) is the founder of Parsley Energy, a company engaged in hydrocarbon exploration in the Permian Basin that agreed to be acquired by Pioneer Natural Resources in 2020….
| Bryan Sheffield | |
|---|---|
| Occupation | Businessman |
| Known for | Founder and CEO of Parsley Energy |
| Spouse(s) | Married |
| Children | 2 |
Where is parsley energy located?
Austin, TX
Company Description: Parsley Energy, Inc. is located in Austin, TX, United States and is part of the Oil and Gas Extraction Industry.
What does WPX Energy do?
WPX Energy Inc. is an independent energy producer with core positions in the Permian and Williston basins. WPX’s production is approximately 80% oil/liquids and 20% natural gas. The company also has an infrastructure portfolio in the Permian Basin.
Who did pioneer merge with?
Under the terms of the transaction, Patterson-UTI will acquire Pioneer Energy Services for aggregate consideration of up to 26,275,000 shares of Patterson-UTI common stock and $30 million of cash.
Is Parsley Energy a buy?
Parsley Energy has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
How many employees does parsley energy have?
496
Company Growth (employees)
| Employees (est.) (Dec 2019) | 496 | (-5%) |
|---|---|---|
| Website Visits (Apr 2021) | 2 k | |
| Revenue (FY, 2019) | $2 B | (+8%) |
| Share Price (Jan 2021) | $16.9 | |
| Cybersecurity rating | A | More |
Did Devon buy Wpx?
Devon Energy and WPX Energy Complete Merger of Equals Transaction. OKLAHOMA CITY and TULSA, Okla., Jan. 07, 2021 (GLOBE NEWSWIRE) — Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc.
What happened WPX stock?
Devon Energy and WPX Energy Complete Merger of Equals Transaction. Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. In accordance with the merger agreement, WPX shareholders received a fixed exchange of 0.5165 shares of Devon common stock for each share of WPX common stock owned.
Who bought out Pioneer Energy?
Patterson-UTI Energy
US-based oilfield services provider Patterson-UTI Energy has agreed to acquire Pioneer Energy Services in a cash-stock deal worth around $295m. Patterson-UTI will pay for the deal through the issuance of up to 26,275,000 shares of its common stock and $30m in cash.
When do Parsley Energy lay off the employees?
The Parsley layoffs include 234 workers, though some of those employees will be offered jobs with Pioneer in Las Colinas, Texas or Midland, Texas, a letter to the state agency said. The layoff data is expected to be Feb. 8.
Is the Parsley Energy Office in Austin TX closing?
“We are writing to inform you that, in connection with the acquisition by Pioneer Natural Resources Company… Parsley’s Austin offices will be closed and a majority of employees located at these offices terminated from employment,” the company said in a WARN letter sent to the Texas Workforce Commission.
Who is the founder of Parsley Energy Company?
Parsley Energy chairman and co-founder Bryan Sheffield moved the company’s headquarters from Midland to Austin in 2014. Forbes magazine listed him among the nation’s billionaires in 2017 — estimating his net worth at $1.3 billion — although he hasn’t been on the magazine’s list of billionaires in the three years since then.
Who is the lease operator for Parsley Energy?
FILE PHOTO: Lease Operator Jeremy Jay walks through an oil production facility owned by Parsley Energy in the Permian Basin near Midland, Texas U.S. August 23, 2018. REUTERS/Nick Oxford