- Parsley Energy (NYSE:PE) +2.6% after-hours as it easily beats Q4 earnings expectations and doubles revenues from the year-ago quarter to $311M, which also topped analyst estimates.
- PE says Q4 net production averaged 80.3K boe/day, up 79% Y/Y and up 12% Q/Q, with net oil production rising 69% Y/Y and 9% Q/Q; for the full year, net production averaged 67.9K boe/day.
- PE forecasts FY 2018 net production of 98K-108K boe/day, and oil production of 65K-70K bbl/day, and plans full-year capex of $1.35B-$1.55B.
- Year-end 2017 proved reserves of 416M boe rose 87% vs. reserves at the end of 2016.