Established in 1979, Parallel Petroleum LLC 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 announced areas of north Texas, New Mexico and Utah.
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