Parsley Energy, Inc. (NYSE:PE) is looking for acquisitions. The company which is on the verge of a public offering of 22 million class A shares, intends to raise gross proceeds of $770 million through the offering. The net proceeds are intended to be used to partly fund the acquisition of certain oil and gas interests in the Midland and Southern Delaware Basins, partly to fund its capital programme, and the remaining for future general corporate purposes and funding potential acquisitions.