Permian Driller Parsley Energy Says It’s ‘Attractive’ for Any Buyer

Bloomberg Quint | Jun 14, 2019 at 2:20 PM
  • Parsley Energy Inc. said it would be “attractive” for any potential buyer as the U.S. shale driller expects to generate positive free cash flow in the back half of this year.
  • Gallagher sees “healthy consolidation” among independent drillers operating in the world’s biggest shale basin over the next decade.
  • Acquisitions are “complicated and you have to be able to underwrite a commodity view for a sustained period of time”.