<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2020-01-10</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001594466</issuerCik>
        <issuerName>Parsley Energy, Inc.</issuerName>
        <issuerTradingSymbol>PE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001694885</rptOwnerCik>
            <rptOwnerName>Q-Jagged Peak Energy Investment Partners, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>800 CAPITOL STREET, SUITE 3600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77002</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOther>true</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001697117</rptOwnerCik>
            <rptOwnerName>QEM V LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>800 CAPITOL STREET, SUITE 3600</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77002</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOther>true</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>No securities are beneficially owned</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <remarks>Pursuant to the Agreement and Plan of Merger, dated as of October 14, 2019, by and among Jagged Peak Energy Inc. (&quot;Jagged Peak&quot;), Parsley Energy, Inc. (&quot;Parsley&quot;) and Jackal Merger Sub, Inc. (the &quot;Merger Agreement&quot;), Jagged Peak had the right, subject to the mutual agreement of Parsley, to appoint two directors to Parsley's board of directors.  S. Wil VanLoh, Jr., who serves on Q-Jagged Peak's investment committee and whose vote is required for Q-Jagged Peak investment decisions, has been designated to serve as one of those directors to Parsley's board. As such, each of Q-Jagged Peak and QEM V, LLC may be deemed to be a director of Parsley by deputization.</remarks>

    <ownerSignature>
        <signatureName>/s/ James V. Baird, Authorized Person of each of QEM V, LLC and Q-Jagged Peak Energy Investment Partners, LLC</signatureName>
        <signatureDate>2020-01-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
