Parallel Petroleums CEO Larry C. Oldham to Present at John S. Herold Pacesetters Energy Conference

Parallel Petroleums CEO Larry C. Oldham to Present at John S. Herold Pacesetters Energy Conference

Parallel Petroleum Corporation today announced that its President and CEO, Larry C. Oldham, will present at The 15th Annual John S. Herold Pacesetters Energy Conference. The conference will be held at the Hyatt Regency, located at 1800 East Putnam Avenue in Old Greenwich, Connecticut, Tuesday through Thursday, September 26-28, 2006.

Mr. Oldham will present at the conference on Thursday, September 28, 2006, at 8:15 a.m. Eastern Time. He will be a speaker on Panel #1 entitled: Born to Run. Mr. Oldham’s presentation slides will be available on Parallel’s web site,, and the presentation and an audio recording of it will be posted on the John S. Herold web site,, following the conference. Access to the presentation/audio may be obtained by an email request to John S. Herold at

About Herold’s Pacesetters Energy Conference

John S. Herold describes the Pacesetters Energy Conference as follows:

This celebration of world-class organizations — “Pacesetters” — and their strategies for success is founded on the belief that successful companies share common characteristics such as clarity of vision, pursuit of competitive advantage, and leadership. The two and a half day conference is held in Old Greenwich, Connecticut and features 15 panel presentations focusing on a variety of relevant topics and issues challenging the petroleum industry. Presentations are hard-hitting and concise, punctuated by lively follow up Q&A sessions.

Herold defines a Pacesetter company as one that possesses certain key characteristics:

* Demonstrated superior market returns to its shareholders * Strong management with clear strategy and focus * A successful track record with low-cost operations

* Reputation for excellence

Unlike most oil industry symposia, the Herold conference avoids the promotional “dog and pony” show. Herold’s panel selections focus on themes and challenges of significance to both investors and oil executives. Senior executives present the distinctive competencies of their organizations and focus on the milestones and explicit goals employed to gauge progress — “economic value creation.”

To learn more about the conference or to register online, visit John S. Herold’s web site at

About Parallel Petroleum Corporation

Parallel Petroleum is an independent energy company headquartered in Midland, Texas, engaged in the acquisition, exploration, development and production of oil and gas using 3-D seismic technology and advanced drilling, completion and recovery techniques. Parallel’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. Additional information on Parallel Petroleum Corporation is available at


Parallel Petroleum Corporation, Midland Cindy Thomason, 432-684-3727

Source: Parallel Petroleum Corporation

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