Parsley Energy achieved record completion efficiency during Q4, completing more
than 400,000 ft of lateral. This came despite reduced activity, as the company cut its
rig count by two to 14 and trimmed completions crews from five to four. Primarily in the
Midland Basin, Parsley spudded 38 wells and placed 43 wells online, with
laterals averaging 9,300 ft. Q4 output grew 5% versus Q3 and 50% YOY to an
average of 77,000 boe/d.
Notable wells during the quarter include a......
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