Parsley Energy Announces Promotion of Stephanie Reed to Senior Vice President--Land

AUSTIN, Texas, July 5, 2017 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) (the "Company" or "Parsley Energy") today announced that Stephanie Reed has been appointed as the Company's Senior Vice President—Land, effective July 1. Ms. Reed previously served as the Company's Vice President—Land. In this new position, Ms. Reed will continue to manage the Company's land-related activities and report to the Company's President and Chief Operating Officer, Matt Gallagher. 

Bryan Sheffield, the Company's Chairman and Chief Executive Officer, commented, "Stephanie's expertise and favorable reputation throughout the industry have facilitated numerous transactions and helped ensure that Parsley derives maximum value from the Company's leasehold. An essential member of the Parsley team for years, Stephanie earned this promotion through her outstanding leadership of the Land department to date. I look forward to her ongoing contributions as we continue to consolidate and develop our premier acreage position."

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. For more information, visit our website at www.parsleyenergy.com.

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 Energy's 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 Energy's 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 our Annual Report on Form 10-K. 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.

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SOURCE Parsley Energy, Inc.