| Parallel Petroleum Corporation |  | Parallel Petroleum seeks unparalleled success by exploring for and producing oil and natural gas. Parallel Petroleum Corporation operates primarily on the Gulf Coast of South Texas, in East Texas, and in the Permian Basin of West Texas, and well as in Colorado and Utah. In 2008 Parallel Petroleum Corporation reported proved reserves of 71.8 billion cu. ft. of natural gas and 21.2 million barrels of oil. Parallel Petroleum sells directly on a month-to-month basis to other oil and gas companies. In 2009 global investment firm Apollo Global Management acquired Parallel Petroleum for about $483 million. | | Visit Website | | Office Address | 1004 N. Big Spring,Ste. 400,
Midland, TX, 79701 USA | | Phone | (432) 684-3727 | | Fax | (432) 684-8057 | | Executives | Jeffrey G. Shrader, Chairman | | Larry C. Oldham, President, CEO, and Director |
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