AUSTIN, Texas, Sept. 1, 2020 /PRNewswire/ -- Parsley Energy,
Inc. (NYSE: PE) ("Parsley" or the "Company") today released its
2019 Corporate Responsibility Report. The report outlines Parsley's
commitment and approach to governance, environmental stewardship,
health and safety, talent attraction and retention, and community
engagement. The report can be found on the Company's website at
www.parsleyenergy.com/CRR.
"Reflecting on 2019, we are proud of our many accomplishments:
publishing our inaugural Corporate Responsibility Report;
reconstituting our Nominating and Governance Committee to include
environmental and social oversight; establishing our Safety,
Sustainability, and Corporate Responsibility Planning and
Disclosure Committee; and finishing the year with strong operating
results and well positioned for continued free cash flow generation
in 2020. Our focus on ESG initiatives now applies to an expanded
asset base after our acquisition of Jagged Peak Energy Inc. in
January 2020 and these objectives
have remained top of mind as we navigate the unexpected macro
challenges we have seen this year," said Matt Gallagher, President and CEO of
Parsley.
Building off its inaugural report, Parsley's 2019 Corporate
Responsibility Report references both Sustainability Accounting
Standards Board (SASB) and Global Reporting Initiative (GRI)
standards. The 2019 Corporate Responsibility Report includes
the following highlights and achievements:
- Less than 1.5% of the natural gas Parsley produced in the
second quarter of 2020 was flared.
- Reduced Parsley's 2019 scope 1 greenhouse gas emissions
intensity by 14% (compared to 2018).
- More than 92% of Parsley's production in 2019 flowed through
facilities with a vapor recovery unit.
- In 2019, approximately 94% of Parsley's produced water and 93%
of Parsley's oil production were transported on pipe, significantly
reducing loading and transportation emissions from truck
transport.
- Reduced Parsley's 2019 total fluid spill rate by 39% (compared
to 2018).
- Improved the Company's total recordable incident rate for
contractors and employees by 29% (compared to 2018).
About Parsley Energy, Inc.
Parsley Energy, Inc. is an independent oil and natural gas
company focused on the acquisition, development, exploration, and
production of unconventional oil and natural gas properties in the
Permian Basin. For more information, visit the Company's website at
www.parsleyenergy.com.
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SOURCE Parsley Energy, Inc.
