PARSLEY ENERGY INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Parsley Energy, Inc. – PE

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces
that KSF has commenced an investigation into Parsley Energy, Inc. (NYSE:
PE).

On January 2, 2019, The Wall Street Journal reported in an
article titled “Fracking’s Secret Problem—Oil Wells Aren’t Producing as
Much as Forecast” that, according to a review of available public data
on production, many of the Company’s shale wells, specifically those
involved in the fracking process, were producing oil and gas at a much
lower rate than the Company had forecasted to investors. For example,
wells in the Midland section of the Permian Basin that the Company had
informed investors in 2015 were expected to produce 1,050,000 barrels of
oil and gas apiece now appear on track to miss forecasts for every year
from 2014 to 2017 by an average of 25%. Further, the report noted that
“findings suggest current production levels may be hard to sustain
without greater spending because operators will have to drill more wells
to meet growth targets.”

KSF’s investigation is focusing on whether Parsley’s officers and/or
directors breached their fiduciary duties to Parsley’s shareholders or
otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or
have been a long-term holder of Parsley shares and would like to discuss
your legal rights, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com),
or visit https://www.ksfcounsel.com/cases/nyse-pe/
to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

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