Parsley Energy $2.8 billion acquisition of Double Eagle Energy Permian assets

Overview:

• Parsley Energy has acquired $2.8 billion in assets from Double Eagle Energy Permian.
• The transaction continues the torrid pace of M&A activity in the Permian Basin to begin the new year.
• The assets provide Parsley with another 71,000 acres in the Permian Basin.
• Parsley will fund the deal through a combination of cash, debt, and equity.
• The transaction is expected to close by April 20th.

Kurt Stumpo - Journalist