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Tuesday, June 20, 2017 7:44:12 PM
Parsley Energy (PE +1.7%) is one of the few oil and gas companies showing a gain today after providing FY 2017 production guidance in an investor presentation.
PE sees 2017 production of 65K-71K boe/day, better than prior guidance of 62K-68K boe/day, including estimated Q4 output of 78K-88K boe/day vs. an earlier outlook of 75K-85K.
PE maintains guidance for drilling capital spending of $840M-$960M.
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