PARSLEY ENERGY, INC. (NYSE:PE) Files An 8-K Financial Statements and Exhibits
Item 9.01(a) below), the notes related thereto and the Report of
Independent Auditors;
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the unaudited pro forma condensed financial information described in Item 9.01(b) below; and |
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the reports of independent petroleum engineer, Cawley, Gillespie Associates, Inc., regarding the total proved reserves of DE Permian as of December31, 2015 and December31, 2016. |
No other modifications to the Original Parsley Form 8-K are being
made by this Amendment. This Amendment should be read in
connection with the Original Parsley Form 8-K, which provides a
more complete description of the Double Eagle Acquisition.
Item9.01 Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired
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Audited consolidated financial statements of DE Permian as of and for the years ended December31, 2015 and December31, 2016, and the related notes to the consolidated financial statements, attached as Exhibit 99.1 hereto. |
(b) Pro Forma Financial Information
The following unaudited pro forma condensed combined financial
information of the Company, giving effect to the Double Eagle
Acquisition, attached as Exhibit 99.2 hereto:
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Unaudited Pro Forma Consolidated and Combined Balance Sheet as of December31, 2016; |
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Unaudited Pro Forma Consolidated and Combined Statement of Operations for the year ended December31, 2016; and |
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Notes to the Unaudited Pro Forma Consolidated and Combined Financial Statements. |
(d) Exhibits
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EXHIBIT |
DESCRIPTION |
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| 23.1 | Consent of Ernst Young LLP. | |
| 23.2 | Consent of Cawley, Gillespie Associates, Inc. | |
| 99.1 |
Historical audited consolidated financial statements of Double Eagle Energy Permian LLC as of and for the years ended December31, 2015 and December31, 2016. |
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| 99.2 |
Unaudited pro forma consolidated and combined financial information as of and for the year ended December31, 2016. |
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| 99.3 |
Cawley, Gillespie Associates, Inc. Summary of Reserves at December31, 2016 (Double Eagle Energy Permian LLC). |
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| 99.4 |
Cawley, Gillespie Associates, Inc. Summary of Reserves at December31, 2015 (Double Eagle Energy Permian LLC) (incorporated by reference to Exhibit 99.9 to the Companys Current Report on Form 8-K, File No.001-36463, filed with the Securities and Exchange Commission on February7, 2017). |
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About PARSLEY ENERGY, INC. (NYSE:PE)
Parsley Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and comprises over three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Company’s properties are primarily located in the Midland and Delaware Basins and its activities have been focused on the vertical development of the Spraberry, Wolfberry and Wolftoka Trends of the Midland Basin. The Company’s vertical wells in the Permian Basin are drilled into stacked pay zones that include the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline), Strawn, Atoka and Mississippian formations. The Company splits its assets into over four areas, including the Midland Basin-Core, Midland Basin-Tier I, Midland Basin-Other and Southern Delaware Basin. PARSLEY ENERGY, INC. (NYSE:PE) Recent Trading Information
PARSLEY ENERGY, INC. (NYSE:PE) closed its last trading session up +1.10 at 30.18 with 3,095,766 shares trading hands.
