Operator
Parallel Energy Trust
14 articles mentioning Parallel Energy Trust
Mid-Con Operator Declares Bankruptcy
This morning, Parallel Energy Trust and its affiliated entities, Parallel Energy Commercial Trust and Parallel Energy Inc. filed an application for protection under the Companies’ Creditors Arrangement Act with the Alberta Court of Queen’s Bench in...
Parallel Energy Trust Continues Seeking Debt Reduction
The strategic alternatives process is ongoing.
Parallel Energy Trust Maintaining Guidance
The Trust is reconfirming its full year production guidance of 6,800 boe/day.
Parallel's Drilling Postponed, Focus on Cost Reduction
Reduce combined year-over-year operating and g&a expenses in 2015 by 10 to 15%
Parallel Energy Trust Freezes New Drilling
Postpone the commencement of its 2015 drilling program until further notice.
Parallel IDs 2015 Capital Budget of $10.5MM; Talks Plans
Parallel Energy Trust announced its 2015 capital budget; its 2015 production and cash flow guidance; and, a change to its distribution.
Parallel Energy Trust Announces Third Quarter Results
Based on field data, Parallel's average daily production for October 2014 was approximately 7,350 boe/day.
Parallel Energy Trust Concludes 2014 Drilling
Drilled and completed 5 wells in the Carson operating area in 2Q 2014 with three additional wells in 2014.
Parallel Energy Trust Meeting Production Despite Winter Woes
Abnormal cold impacted the Carson and Sneed operating areas, offset by Carson wells above forecast.
Parallel Energy Trust Plans 14 Wells for 2014 in Texas
Parallel has commenced its 2014 drilling program with the spud of its first well on January 6, 2014. The Trust is currently operating one drilling rig in the Carson operating area and plans to drill up...
MissLime-Focused Parallel Tags 2014 CapEx; Details New Strategy
Rick Alexander, President & CEO, commented: "In 2013 we restructured Parallel from the top-down and introduced a new corporate strategy designed to improve our competitive position as a distribution-paying income trust."
MissLime Player Parallel Ups Exit Guidance to 7,300 BOE/d
Rick Alexander, Parallel's President and CEO, commented: "Our team has been working hard to improve our production reliability in 2013 and we are pleased that the positive results of our initiatives are now apparent."
Parallel Tags 7,400 BOE/d Record in MissLime Production
Production in the second quarter has been positively impacted by favourable drilling results in the Carson are.
Parallel Energy Trust Announces Change of Operatorship of the West Panhandle Field
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