Parallel Petroleum Corporation (PLLL) is Producing in Texas and Elsewhere
Parallel Petroleum Corporation is an energy company that lists on NASDAQ as part of the Independent Oil and Gas industry. Founded in 1979, the company acquires, explores for, develops, and produces oil and gas using advanced drilling, completion and recovery techniques and 3-D seismic technology. Their corporate headquarters are in Midland, Texas. Their focus is the acquisition and enhancement of producing oil and gas assets. While they will continue to drill lower-risk exploratory oil and gas prospects associated with 3-D seismic technology, this will be to a lesser extent than in the past. Parallel Petroleum operates mainly in the Permian…