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Parsley Energy Inc. announces a stock-and-cash deal worth approximately $2.8 billion to acquire undeveloped land and oil-and-gas-producing assets in the Permian basin from Double Eagle Energy Permian LLC. The transaction will expand Parsley's Permian holdings by 71,000 acres, totaling around 227,000 acres. The deal is expected to close before April 20, subject to closing conditions, and will be financed through cash and units of Parsley Energy LLC subsidiary.
Monday, 6 February, 2017