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Parsley Energy Well Cost Reductions Expected to be 20% Below Initial Budget for 2H20 6/2/2020

Parsley Energy reported that well cost improvements made in the first half of 2020 will drive down well costs in the back half of 2020 20% below the initial 2020 budget.  

Parsley Energy Returning Most of 26 Mboe/d in Shut-In Production in June; 6/2/2020

Parsley Energy cited that they expect to restore most of their 26 Mboe/d in Permian Basin production curtailments in early-June after shutting those volumes in during May.  

Beyond the second quarter, Parsley's volumes are expected to gradually decline and stabilize through year-end 2020 assuming a baseline capital program.  

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