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Bloomberg
Parsley Energy Inc. said it would be “attractive†for any potential buyer as the US shale driller expects to generate positive free cash flow in the back half of this year.
“We are attractive for purchasers whatever type of investor it is,†Chief Executive Officer Matt Gallagher said in a phone interview. “That’s always a goal, an objective of ours.†He declined to say whether the company had been approached about a deal.
Last month’s $38 billion takeover of Anadarko Petroleum Corp. by Occidental Petroleum Corp. fueled speculation that an M&A spree could follow among companies exploring for oil in the Permian Basin, which straddles Texas and New Mexico. But major producers including Exxon Mobil Corp., and Chevron Corp. have said they are wary of scooping up smaller rivals as would-be sellers are demanding too much money.