Attached files
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8-K - FORM 8-K - Pioneer PE Holding LLC | d10939d8k.htm |
EX-5.1 - EX-5.1 - Pioneer PE Holding LLC | d10939dex51.htm |
EX-1.1 - EX-1.1 - Pioneer PE Holding LLC | d10939dex11.htm |
Exhibit 99.1
NEWS RELEASE
Parsley Energy Announces Pricing
of Class A Common Stock Offering
AUSTIN, Texas(BUSINESS WIRE)Parsley Energy, Inc. (NYSE: PE) (Parsley Energy or the Company) today announced that it has priced a public offering of 13,000,000 shares of Class A common stock for total gross proceeds (before underwriters fees and estimated expenses) of approximately $195 million. The underwriters have an option for 30 days to purchase up to an additional 1,950,000 shares of Class A common stock from the Company. Net proceeds from the offering are expected to be used to repay borrowings outstanding under the Companys revolving credit facility and to fund a portion of its capital program, which may include acquisitions. The offering is expected to close on September 23, 2015, subject to customary closing conditions.
Goldman, Sachs & Co. is acting as a book-running manager for the offering.
The offering is being made pursuant to an effective shelf registration statement, which has been filed with the Securities and Exchange Commission (the SEC) and became effective June 5, 2015. The offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the SECs website at www.sec.gov. Alternatively, the underwriters will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting:
Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, NY 10282
Telephone: 1-866-471-2526
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Parsley Energy, Inc.
Parsley Energy, Inc. is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin in West Texas.
Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Parsley Energys expectations or beliefs concerning future events, and it is possible that the results described in this news release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Parsley Energys control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Parsley Energy does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors
emerge from time to time, and it is not possible for Parsley Energy to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in our filings with the SEC, including, but not limited to, our Annual Report on Form 10-K for the year ended December 31, 2014, and our subsequent Quarterly Reports on Form 10-Q. The risk factors and other factors noted in our SEC filings could cause our actual results to differ materially from those contained in any forward-looking statement.
Contact Information
Brad Smith, CFA
Parsley Energy, Inc.
Vice President, Corporate Strategy and Investor Relations
ir@parsleyenergy.com
(512) 505-5199
or
Jack Lascar
Dennard ¡ Lascar Associates
jlascar@dennardlascar.com
(713) 529-6600
or
Lisa Elliott
Dennard ¡ Lascar Associates
lelliott@dennardlascar.com
713-529-6600
Source: Parsley Energy, Inc.
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