AUSTIN, Texas, June 24, 2016 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("the Company") today announced that it has formed a dedicated corporate development department and appointed Mike Hinson as the Company's Vice President—Corporate Development, effective July 1. Mr. Hinson previously served as the Company's Vice President—Land. In this new position, Mr. Hinson will lead the Company's acquisition and divestiture activities.
Bryan Sheffield, the Company's Chairman, President, and Chief Executive Officer, commented, "Parsley's corporate development activities have added significant value for our shareholders, and forming a dedicated group to oversee these activities demonstrates our commitment to sourcing and executing strategic transactions that we believe will benefit the Company in the long run. We are excited for Mike to focus on corporate development and expand our capabilities in this area."
In addition, the Company has appointed Stephanie Reed as the Company's Vice President—Land, also effective July 1.
Mr. Sheffield commented, "Stephanie Reed joined Parsley in its early days and has developed deep expertise in the land side of the business over the past several years. This experience, along with her recent experience serving as Investor Relations Manager, provides Stephanie with a broad skill set and knowledge base that I believe will translate into superior leadership of our Land department."
About Parsley Energy, Inc.
Parsley Energy, Inc. is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin in West Texas. For more information, visit our website at www.parsleyenergy.com.
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SOURCE Parsley Energy, Inc.