PE News and Press, Parsley Energy Inc. Class A From 06/08/20

OPEC and its non-member partners have  agreed  to extend the initial rate of their  historic  production reduction agreement through the end of next month. The group of oil-producing nations will also make up for its shortfall in May as the non-compliant members will...

Uncertainty continues in the oil market as OPEC and its allies extended output cuts over the weekend, while U.S. shale companies have begun reopening existing wells as stay-at-home restrictions ease across the country. The Wall Street Journal reports that companies including Parsley Energ...

The COVID-19 outbreak hammered demand for oil. That pushed prices to such depths earlier this year that several producers had no choice but to turn off some of their pumps to stop the bleeding.  However, with governments lifting restrictions on travel and non-essential businesses, gasol...

Crude oil prices ( CL1:COM ) are climbing after OPEC decided to meet Saturday to discuss extending production cuts, indicating that some laggard countries may have agreed to align themselves with the deal. More news on: Crude Oil Futures, Transocean Ltd., Parsley Energy, Inc., Energy sto...

The following slide deck was published by Parsley Energy, Inc. in conjunction with this Read more ...

EOG Resources ( EOG +5% ) plans to "accelerate" production in H2 into an anticipated price recovery, exploration chief Ken Boedeker reportedly told an RBC Capital conference today. More news on: EOG Resources, Inc., Parsley Energy, Inc., Energy stocks news, Stocks on the move, Read...

Parsley Energy (NYSE: PE ) +1.9% pre-market after unveiling plans to restore the "vast majority" of its curtailed oil production in early June, the company said in a presentation . More news on: Parsley Energy, Inc., Energy stocks news, Stocks on the move, Read more ...

Editors' Note: This is the transcript of the video we posted May 22nd. Please note that due to time and audio constraints, transcription may not be perfect. We encourage you to listen to the video as well as a podcast embedded below if you need any clarification. We hope you enjoy. Dani...

In response to the dramatic decline in oil demand stemming from the COVID-19 pandemic and the resulting price weakness, global oil supply is expected to fall significantly this month, as OPEC+ cuts took effect May 1. Some producers began implementing production cuts early, and Saudi Arabia has...

Marathon Oil ( MRO -2.8% ) sinks after Morgan Stanley downgrades shares to Underweight from Equal Weight, saying it is "unwarranted" for the stock to be trading in-line with peers. More news on: Marathon Oil Corporation, Parsley Energy, Inc., Energy stocks news, Stocks on the move, ...