Parsley Energy Inc A

A provider of oil and natural gas, Parsley Energy was founded in 2008 after its owner, Bryan Sheffield inherited 109 oil wells from his grandfather, Joe Parsley. The company has extensive drilling experience, operating hundreds of vertical and horizontal wells. Parsley Energy has grown rapidly in recent years, with the company attributing their success to cost compression, operational proficiency and what they describe as a ‘disciplined hedging program. Parsley Energy stock, ticker symbol, PE, is available for trade on the New York Stock Exchange. PE stock went public in 2004, with shares valued between $15 and $18 each. The IPO bookrunning managers included Credit Suisse Securities and Goldman, Sachs & Co. It would be a fallacy to assume that Parsley Energy founder, Bryan Sheffield came from a family with a long and storied tradition in the energy industry. Despite inheriting energy resources from his grandfather, Sheffield had no prior experience in oil or natural gas. However, his lack of knowledge wasn’t enough of a deterrent. Sheffield took the plunge, and in just a few short years, turned Parsley Energy into one of the more exciting energy companies in the United States. Go to the trading platform and find out if PE stock is right for you.