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Parsley Energy Announces the Appointment of David Dell'Osso as Executive Vice President-Chief Operating Officer


Parsley Energy, Inc. (NYSE: PE) ("Parsley" or the "Company") has announced the appointment of David Dell'Osso as Executive Vice President—Chief Operating Officer, effective October 9, 2018. Mr. Dell'Osso will succeed Matt Gallagher, who will remain President of the Company until his previously announced appointment as President and Chief Executive Officer, which is expected to occur on January 1, 2019. Mr. Dell'Osso will assume responsibility for company-wide development, production, and engineering functions.

"We are pleased to add a leader of David's caliber to the Parsley team," said Gallagher. "David brings a wealth of experience in large-scale unconventional resource development and has a proven track record of operational and technical excellence. We are confident that he will help our teams build on the positive momentum we've established towards operational execution and excellence."

"I am excited to join Parsley and contribute to the development of the company's high-quality asset base," said Mr. Dell'Osso. "I look forward to working closely with Matt and the rest of the team to deliver value for Parsley and its shareholders."

Prior to joining Parsley, Mr. Dell'Osso was employed by Southwestern Energy Company ("Southwestern"), where for the last 13 years he served in a variety of positions of increasing responsibility, including, at the time of his departure, Senior Vice President & General Manager of the Northeast Appalachia Division. Other roles included management of exploration and production, midstream, and commercial teams. Mr. Dell'Osso earned a Bachelor of Science in Petroleum Engineering from the University of Texas at Austin and a Master of Business Administration from Rice University. 



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