Parsley CEO Sees 'Very Small' Effect From Harvey

Parsley CEO Sees 'Very Small' Effect From Harvey

Assessment

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The transcript discusses the impact of recent events on operations in the Permian Basin, including refinery shutdowns and production challenges. It highlights the storage capacity available in the Permian and the issues related to takeaway capacity. Labor shortages and delays in well completions are also addressed, along with the need for synchronization and training of crews to maintain production efficiency. The discussion emphasizes the importance of timing and labor management in overcoming these challenges.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main issue affecting production in the Permian Basin as discussed in the first section?

Downstream issues with refineries

Shortage of drilling equipment

Lack of crude oil

Excessive rainfall

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many days of extra storage does the Permian Basin have in a doomsday scenario?

Two days

Ten days

Four days

Eight days

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the main challenges faced during the ramp-up of operations in the Permian Basin?

Lack of investment

Tight labor market

Government regulations

Poor weather conditions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long does it typically take to get crews back in sync after being diluted?

3 to 6 months

12 to 15 months

6 to 9 months

9 to 12 months

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected timeline for increased production following the completion delays?

First quarter 2018

Fourth quarter 2018

Third quarter 2018

Second quarter 2018