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US upstream week in brief - Feb 8: Parsley acquires Midland player Double Eagle

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Report summary

Parsley Energy repeats its growth formula with an equity-funded $2.8 billion acquisition of Double Eagle's Midland Basin assets. Parsley has been on a Permian tear. Just how big has the company become? FERC's approval of four northeast gas pipeline projects has positive implications for northeast supply growth, but possibly to the detriment of Henry Hub post-2018. Matador and SM Energy both raise the bar for well results on acreage they acquired through M&A, highlighting some unique areas for even more future Permian investment.

What's included

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  • Document

    US upstream week in brief - Feb 8: Parsley acquires Midland player Double Eagle

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Table of contents

  • Top stories of the week
    • Catch our analysts in Houston at these upcoming events:
  • US oil & gas dashboard

Tables and charts

This report includes 8 images and tables including:

Images

  • Parsley's general Midland Basin position offset with top 10% of wells drilled*
  • Long term shipper volumes on recently approved pipeline expansion projects
  • Bone Spring well design - proppant usage distribution
  • SM Energy RockStar well map
  • US upstream week in brief - Feb 8: Parsley acquires Midland player Double Eagle: Image 6
  • Share price performance, crude oil & gas inventories, horizontal rig count stats
  • US upstream week in brief - Feb 8: Parsley acquires Midland player Double Eagle: Image 8
  • US upstream week in brief - Feb 8: Parsley acquires Midland player Double Eagle: Image 9

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