The Traderszone Network

Published in TZ Latest News 25 July, 2014 by The TZ Newswire Staff

Will Horizontal Drilling Give Parsley Vertical Boost?

Parsley Energy (PE), which went public in May, develops oil and natural-gas wells in the Permian Basin, primarily in Texas. Sitting on 110,000 acres of prime real estate, Parsley’s experience is with more traditional vertical drilling, but it’s been ramping up horizontal drilling operations. That lets the company tap more resources, but also increases complexities and costs.

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