Parsley Energy LLC

Parsley Energy LLC and Parsley Finance Corp. priced a private placement of an additional $200 million of their 6.250% senior unsecured notes due 2024. On May 27, the subsidiaries completed an offering of $200 million of their 6.250% senior notes due 2024. The additional notes have identical terms other than the issue date. The initial notes will be treated as a single class of securities under the indenture governing the 2024 notes. Together with the net proceeds from Parsley Energy Inc.'s concurrent equity offering, the net proceeds from the notes offering will fund the purchase of oil and gas interests in Glasscock County, Texas. Remainder will support capital program and general corporate purposes. Notes offering and equity offering are not conditional on either’s fulfillment.