Where We Operate

The majority of our acreage offers “stacked pay” potential to develop oil and gas from several prospective zones. Our acreage benefits from a favorable combination of depth, thickness, thermal maturity, and organic content, which contributes to higher productivity, number of discrete target horizons, and resource potential.

Compared to other basins in North America, horizontal development in the Permian Basin is still in its infancy, and we believe there is ample opportunity for ongoing productivity enhancement as we optimize completion techniques, fine-tune target intervals, and test new strategies for reservoir stimulation.

Parsley's Midland Basin acreage is characterized by favorable thermal maturity for high oil content, sufficient depth to drive strong, pressure-fueled recovery rates, and ample thickness, with differentiated multi-target potential in Upton and Reagan Counties, in particular. At 800-900 feet thick across much of our acreage, our Wolfcamp A/B complex is among the thickest in the deep portion of the basin, supporting the potential for up to 60 wells per section in the Wolfcamp A/B complex alone.

Like our Midland Basin acreage, Parsley’s Southern Delaware acreage is characterized by favorable reservoir characteristics. Zonal testing indicates stacked pay potential from the Bone Spring through the Woodford, with a thick, geopressured Wolfcamp interval throughout. Mineral ownership enhances already compelling well economics on a significant portion of the acreage, which is positioned at the gateway to the basin, providing ample infrastructure and takeaway capacity.

How We Operate

Domestic oil and natural gas has changed dramatically in the years since Spindletop. Technological innovation enables the industry to increase precision, detect and address concerns faster, reduce potential for injury and error, and decrease production timelines.

 

Parsley’s commitment to best practices encourages every employee, contractor, and service company that works with us to review best available technology and pursue smart, efficient operations. This commitment enables us to responsibly produce among the world’s most reliable, accessible, and affordable sources of energy.

 

Examples of the latest technology used at Parsley Energy include:

SOLAR-POWERED PRODUCTION MONITORING SYSTEMS

On many leases, solar panels are used to power remote facilities throughout the Permian basin. Gas lift control skids, sales meters, and control panels utilize solar power in place of running overhead power to remote facilities. 

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REMOTE GEOSTEERING MONITORING

Our geoscience team can keep an eye on progress of directional drilling operations in the field, 24-7 – from their phones. There’s no lost time or missed communication reaching the experts.

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AUTOMATED WELLHEAD DISCONNECTS

Some of our completions operations use cutting-edge subsea technology to automate the traditionally manual process of connecting hoses to skids during completions operations. This minimizes human error and potential for injury.

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REMOTE FIELD MONITORING

SCADA system gives the operator the ability to monitor and control their wells remotely, in real time, from hundreds of miles away.

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3D EARTH MODELING

3D seismic imaging and Earth models increase accuracy in exploration and reduces likelihood of unnecessary drilling operations.

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AUTOMATED DRILLPIPE CATWALK

System reduces injury hazard from traditional manual cable and laydown truck loading operations.

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IRON ROUGHNECKS ON RIG FLOORS

Some of our contractors use an automated alternative to manually connecting pipe on drilling rig floors – this increases drilling safety and efficiency.

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AIR INSTRUMENTATION

We have started to use air to control instrumentation in place of natural gas for fugitive emission reduction. We continue to review opportunities for instrument air to reduce fugitive emissions. 

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100% CLOSED LOOP DRILLING FLUID SYSTEM

The majority of our drilling fluid systems operate in a 100% closed loop system meaning all drilling fluids we use downhole never touch the ground.

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H2S SYSTEMS

Our H2S system to detect and protect our site personnel leads the industry. We have continuous monitoring equipment, rapid response teams, and on site trained personnel to detect and lead the team in H2S protocols.

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TIER 1 RIGS

The majority of our rig fleet is made up of tier 1 rigs. Which mean they have the most modern technology top of the line equipment and professional rig contractors that maintain the highest standards of safety and compliance and operational excellence.

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