About Parsley Energy
Parsley Energy is a company based in Midland (United States) founded in 2008 was acquired by Pioneer Natural Resources Company in October 2020.. Parsley Energy has raised $65 million across 3 funding rounds from investors including Pioneer Natural Resources Company and NGP Energy Capital. Parsley Energy has completed 1 acquisition, including Jagged Peak Energy.
- Headquarter Midland, United States
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$65 M (USD)
in 3 rounds
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Latest Funding Round
$770 M (USD), Post-IPO
Jan 10, 2017
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Investors
Pioneer Natural Resources Company
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Pioneer Natural Resources Company
(Oct 20, 2020)
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Funding Insights of Parsley Energy
Parsley Energy has successfully raised a total of $65M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $770 million completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $770.0M
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First Round
First Round
(12 Aug 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Post-IPO - Parsley Energy | Valuation |
investors |
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| Apr, 2014 | Amount | Debt – Conventional - Parsley Energy | Valuation |
investors |
|
| Aug, 2013 | Amount | Private Equity Round - Parsley Energy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Parsley Energy
Parsley Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Pioneer Natural Resources Company and NGP Energy Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sustainable energy infrastructure investments are managed by NGP fund.
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Founded Year | Domain | Location | |
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Natural resources are explored and produced in U.S. basins.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parsley Energy
Parsley Energy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Jagged Peak Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Crude oil and natural gas exploration and production company
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Parsley Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parsley Energy Comparisons
Competitors of Parsley Energy
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Parsley Energy
When was Parsley Energy founded?
Parsley Energy was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is Parsley Energy located?
Parsley Energy is headquartered in Midland, United States. It is registered at Midland, Texas, United States.
Is Parsley Energy a funded company?
Parsley Energy is a funded company, having raised a total of $65M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $65M, raised on Aug 12, 2013.
What does Parsley Energy do?
Parsley Energy was founded in 2008 as an independent company in the oil and natural gas sector. Operations are centered in the Permian Basin, where unconventional reserves are developed through exploration and production activities. The company is headquartered in Midland, United States, with a focus on sustainable resource extraction in this key geographic region.
How many acquisitions has Parsley Energy made?
Parsley Energy has made 1 acquisition, including Jagged Peak Energy.
Who are Parsley Energy's investors?
Parsley Energy has 2 investors. Key investors include Pioneer Natural Resources Company, and NGP Energy Capital.