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Parallel Energy Trust provides operational update


Published Oct 5, 2012
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Parallel Petroleum Corporation-2

Parallel Energy Trust has completed its previously announced installation of a pipeline to connect the Carson operating area with a third party processing plant. As a result, Parallel is able to divert natural gas currently being flared due to the curtailment of the natural gas pipeline downstream of the processing plant that currently serves the Carson operating area.

Parallel is diverting 5 million cubic feet of natural gas per day to the other processing plant although this amount may fluctuate, as capacity allows, up to an amount sufficient to completely eliminate the current gas volumes being flared.

The 5 million cubic feet of natural gas per day being processed through the other plant results in approximately 600 boe/day of natural gas being sold rather than being flared.

Tags: Parallel Energy Trust




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