Parsley Energy pivots toward Midland Basin amid strategy shift to focus on generating higher rates of return

摘要

THE UNCERTAINTY IN OIL PRICES since late 2018 has led many operators in the Permian to pull back their activities this year as they strive for more capital discipline. This has been true for Parsley Energy, a Permian-focused independent oil and gas company founded in 2008. One differentiator, the company believes, is its decision to shift to a rate of return-focused strategy instead of a project-level NPV focus.