Parsley Energy Inc. (NYSE: PE) started off September by adding 5,600 premium net acres in the Permian Basin that could have a value of roughly $200 million—through trades.
The company is not alone in doing smaller, tidying deals or adding small amounts of acreage. Other companies have launched efforts to make small-scale transactions in the Permian.
In August, the company decided to hit the pause button on A&D after a buying spree in 2017 in which the company closed about $3.4 billion in deals. That included its $2.8 billion deal to purchase 71,000 net acres from Double Eagle Energy Permian LLC.