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| Other May 6 Calls Today's Calls |
| Call Details | |||
| Parallel Petroleum Corporation Earnings Conference Call (Q1 2008) Tue, May 6, 2008, 2:00 pm Eastern
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| About Parallel Petroleum Corporation (NasdaqGM:PLLL) | |||
| Parallel Petroleum Corporation engages in the acquisition, development, and exploration of oil and natural gas reserves in Texas and New Mexico. Its operations are primarily located in the Permian Basin of west Texas and New Mexico, the Fort Worth Basin of north Texas, and the onshore Gulf Coast area of south Texas. The company’s principal natural gas projects include the Barnett Shale gas project in Tarrant County, Texas; and Wolfcamp gas project in Eddy and Chavez counties, New Mexico. It also owns interests in producing properties in the Permian Basin of west Texas, which include the Fullerton San Andres field in Andrews County, Texas; the Carm-Ann San Andres field/N. Means Queen unit, and the Harris San Andres field in Andrews and Gaines counties, Texas; and the Diamond M Canyon Reef unit and Diamond M Shallow leases in Scurry County, Texas. In addition, Parallel Petroleum focuses on the Yegua/Frio/Wilcox and Cook Mountain gas projects located in Jackson, Wharton, and Liberty counties, Texas; and Utah/Colorado conventional oil and gas and heavy oil sands projects in Uinta Basin. As of December 31, 2007, the company had total proved reserves of approximately 28.4 million barrels of oil, and approximately 57.2 billion cubic feet of natural gas. Parallel Petroleum was founded in 1979 and is based in Midland, Texas. | |||
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