In 1962,two West Texas oilmen with a dream,a beat-up car and plenty of guts set out to form a company that would set itself apart from the scores of wildcatters who were looking to swoop in on the latest fly-by-night play.Howard Parker and Joe Parsley shook hands and flipped a coin to determine whose name would come first in the fledgling company's moniker.Parker won the toss,and Parker & Parsley was born.The company became known for making smart decisions,conservative hedges and shrewd deals as it assembled acreage and drilling plays.While competitors sunk millions and billions into global operations,Parker & Parsley never abandoned its legacy wells in the Permian-a loyalty that continues today.
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