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Parallel Petroleum Corporation · Midland, TX United States

1004 N. Big Spring,
Ste. 400
Phone: 432-684-3727
MidlandTXFax: 432-684-8057
79701
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Parallel Petroleum Corporation Rankings

More Companies in Midland, Texas
trybuyarrowsMore Companies in These Related Industries: Oil & Gas ExplorationOil & Gas Extraction

Company Description

Parallel Petroleum seeks unparalleled success by exploring for and producing oil and natural gas. The company 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 it reported proved reserves of 71.8 billion cu. ft. of natural gas and 21.2 million barrels of oil. Parallel Petroleum The company 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.

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Financials

Company TypePrivateSingle Location
Fiscal Year-EndDecember
Employees46

Executives

12 executives listed for Parallel Petroleum Corporation's Midland, TX location.

President, CEO, and DirectorLarry OldhamE-mail
COODonald TiffinE-mail
CFOSteven FosterE-mail

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