Parellel Petroleum Corp

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PARALLEL PETROLEUM LLC is an independent energy company headquartered in Midland, Texas, engaged in the acquisition, development and production of long-lived oil and natural gas properties. Parallel utilizes 3-D seismic technology, advanced drilling and completion techniques, and enhanced oil recovery processes. The Company's current operations are primarily concentrated in the Permian Basin of West Texas and New Mexico, the largest onshore oil and natural gas basin in the United States.

Parallel Petroleum LLC aggressively pursues growth opportunities in the continental United States and is an affiliate of funds managed by Apollo Global Management, LLC and its subsidiaries, a leading global alternative asset manager. For more information about Apollo Global Management, LLC, please see About Apollo or visit their website at www.agm.com.