PE - Parsley Energy cuts 2020 capex by more than 40% March, 18 2020 10:34 AM Parsley Energy Inc. Class A Parsley Energy (PE -13.4%) says it is cutting its 2020 capital budget to less than $1B, a reduction of more than 40% at the midpoint from its previous budget plan of $1.6B-$1.8B.More news on: Parsley Energy, Inc., Energy stocks news, Stocks on the move, Read more ...