Corporate Profile

Founded in 1979, Parallel Petroleum Corporation is an independent energy company headquartered in Midland , Texas, focused on strong growth in shareholder value, in the acquisition, development, exploration and production of oil and gas using enhanced oil recovery techniques and 3-D seismic technology. Parallel Petroleum’s primary areas of operation are the Permian Basin of West Texas , Gulf Coast of South Texas, East Texas, and its three newly announced areas of North Texas, New Mexico and Utah.