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A&D - Parsley elevates S. Delaware position in $2.3B Jagged Peak buy - October 2019
Permian pure-play Parsley Energy struck a $2.27 billion stock-and-debt deal to acquire Quantum Energy Partners-backed Jagged Peak Energy. Expected to close in 1Q20, the transaction will substantially enhance Parsley’s position in the Delaware basin and be immediately accretive to 2020 cash flow per share, free cash flow per share, cash return on capital invested and net asset value, according to the company. “Jagged Peak’s oily, highmargin asset base slots in nicely to our returns-focused......
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