Parallel Petroleum Overview
- Year Founded
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1979
- Status
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Private
- Employees
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46
- Latest Deal Type
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M&A
- Financing Rounds
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3
Parallel Petroleum General Information
Description
Producer and explorer of long-lived oil and natural gas reserves in the United States. The company's primary areas of operation are the Permian Basin of West Texas and New Mexico, North Texas Barnett Shale, Onshore Gulf Coast of South Texas, East Texas and Utah/Colorado.
Contact Information
Website
www.parallel-petro.comCorporate Office
- 1004 N. Big Spring
- Suite 400
- Midland, TX 79701
- United States
Corporate Office
- 1004 N. Big Spring
- Suite 400
- Midland, TX 79701
- United States
Parallel Petroleum Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Parallel Petroleum Board Members (1)
| Name | Representing | Role | Since |
|---|---|---|---|
| Self | Chairman |
Parallel Petroleum Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Parallel Petroleum Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Parallel Petroleum FAQs
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When was Parallel Petroleum founded?
Parallel Petroleum was founded in 1979.
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Who is the founder of Parallel Petroleum?
Larry Oldham is the founder of Parallel Petroleum.
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Where is Parallel Petroleum headquartered?
Parallel Petroleum is headquartered in Midland, TX.
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What is the size of Parallel Petroleum?
Parallel Petroleum has 46 total employees.
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What industry is Parallel Petroleum in?
Parallel Petroleum’s primary industry is Energy Exploration.
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Is Parallel Petroleum a private or public company?
Parallel Petroleum is a Private company.
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What is the current valuation of Parallel Petroleum?
The current valuation of Parallel Petroleum is .
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What is Parallel Petroleum’s current revenue?
The current revenue for Parallel Petroleum is .
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How much funding has Parallel Petroleum raised over time?
Parallel Petroleum has raised $150M.
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Who are Parallel Petroleum’s investors?
Korea National Oil has invested in Parallel Petroleum.
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