| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
REVENUES | ||||||
Total revenues | ||||||
1,958,814 | 1,826,431 | 967,044 | 457,773 | 266,474 | 302,429 | |
OPERATING EXPENSES | ||||||
Lease operating expenses | ||||||
177,148 | 144,292 | 102,169 | 59,293 | 62,913 | 38,071 | |
Transportation and processing costs | ||||||
41,198 | 32,573 | 0 | 0 | - | - | |
OPERATING EXPENSES | ||||||
Production and ad valorem taxes | ||||||
124,961 | 108,342 | 59,641 | 27,916 | 17,800 | 18,941 | |
Depreciation, depletion and amortization | ||||||
794,740 | 584,857 | 352,247 | 233,766 | 178,281 | 94,297 | |
General and administrative expenses | ||||||
152,700 | 150,955 | 124,255 | 84,591 | 55,294 | 87,949 | |
Exploration and abandonment costs | ||||||
100,211 | 162,539 | 39,345 | 9,627 | 13,865 | 3,136 | |
Acquisition costs | ||||||
7,616 | 167 | 10,977 | 1,081 | 0 | 2,527 | |
Impairment | ||||||
- | - | - | - | 950 | 0 | |
Accretion of asset retirement obligations | ||||||
1,465 | 1,422 | 971 | 732 | 826 | 512 | |
Gain on sale of property | ||||||
2,095 | 6,454 | -14,332 | -119 | -34,374 | -2,097 | |
Restructuring and other termination costs | ||||||
1,562 | 0 | 0 | - | - | - | |
Gain (Loss) on Contract Termination | ||||||
-13,250 | 0 | 0 | - | -8,970 | -765 | |
Other operating income (expense) | ||||||
8,788 | 19,863 | 10,638 | 9,620 | 1,696 | 0 | |
Total operating expenses | ||||||
1,421,544 | 1,198,556 | 714,575 | 426,745 | 340,595 | 246,198 | |
OPERATING (LOSS) INCOME | ||||||
537,270 | 627,875 | 252,469 | 31,028 | -74,121 | 56,231 | |
OTHER INCOME (EXPENSE) | ||||||
Interest expense, net | ||||||
-133,640 | -131,460 | -97,381 | -56,225 | -45,581 | -39,624 | |
Loss on early extinguishment of debt | ||||||
0 | 0 | -3,891 | -36,335 | 0 | 5,107 | |
Gain (loss) on derivatives | ||||||
-131,212 | 50,342 | -66,135 | -50,835 | 60,818 | 83,858 | |
Change in TRA liability | ||||||
0 | 437 | -35,847 | -7,351 | 0 | - | |
Interest income | ||||||
801 | 5,464 | 7,936 | 992 | 28 | - | |
Other (expense) income | ||||||
-1,364 | -340 | 783 | -2,317 | -3,556 | -71 | |
Total other income (expense), net | ||||||
-265,415 | -76,431 | -122,841 | -137,369 | -22,665 | 36,959 | |
LOSS BEFORE INCOME TAXES | ||||||
271,855 | 551,444 | 129,628 | -106,341 | -96,786 | 93,190 | |
INCOME TAX BENEFIT | ||||||
61,437 | 105,475 | 5,708 | -17,424 | -23,755 | 36,468 | |
NET LOSS | ||||||
210,418 | 445,969 | 123,920 | -88,917 | -73,031 | 56,722 | |
LESS: NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | ||||||
35,206 | 76,842 | 17,146 | -14,735 | -22,547 | 33,293 | |
NET INCOME ATTRIBUTABLE TO PARSLEY ENERGY, INC. STOCKHOLDERS | ||||||
175,212 | 369,127 | 106,774 | -74,182 | -50,484 | 61,352 | |
Net loss per common share: | ||||||
Basic (in dollars per share) | ||||||
0.63 | 1.36 | 0.44 | -0.46 | -0.45 | 0.65 | |
Diluted (in dollars per share) | ||||||
0.63 | 1.35 | 0.42 | -0.46 | -0.45 | 0.65 | |
Weighted average common shares outstanding: | ||||||
Basic (in shares) | ||||||
279,636 | 272,226 | 240,733 | 161,793 | 111,271 | 93,168 | |
Diluted (in shares) | ||||||
280,172 | 272,884 | 296,512 | 161,793 | 111,271 | 93,271 | |
Oil sales | ||||||
Revenues | ||||||
1,757,315 | 1,536,244 | 802,230 | 387,303 | 215,795 | 232,554 | |
Natural gas sales | ||||||
Revenues | ||||||
36,774 | 51,231 | 56,571 | 30,928 | 26,582 | 30,642 | |
Natural gas liquids sales | ||||||
Revenues | ||||||
155,888 | 227,272 | 103,193 | 38,273 | 23,680 | 38,561 | |
Other | ||||||
Revenues | ||||||
8,837 | 11,684 | 5,050 | 1,269 | 417 | 672 | |