Parsley Energy announced operating results for the first quarter ended March 31, 2019. For the quarter, net oil production increased 2% quarter-over-quarter and 33% year-over-year to 78.9 MBo per day. Total net production averaged 125.4 MBoe per day compared to 93.444 MBoe per day.

The company reiterated its 2019 annual guidance outlined in February. The Company expects second quarter 2019 net oil production to average 81-85 MBo/d.

The company expects annual net oil production of 80.0-85.0 MBo/d and annual net total production of 124.0-134.0 MBo/d.