PARALLEL PETROLEUM 8K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of
Report (Date of earliest event reported): May 10, 2006
PARALLEL
PETROLEUM CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
|
0-13305 (Commission
file number )
|
75-1971716 (IRS
employer identification number)
|
1004
N. Big Spring, Suite 400, Midland, Texas (Address of principal
executive offices)
|
79701 (Zip
code)
|
(432)
684-3727
(Registrant's
telephone number including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
|
o
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR
240.13e-4(c))
|
Item
2.02 Results
of
Operations and Financial Condition.
On
May
10,
2006,
Parallel Petroleum Corporation, or "Parallel", issued a press release announcing
its financial results for the first quarter ended March 31, 2006, compared
to
the results for the same period in 2005. The press release issued on
May
10,
2006 is
furnished as Exhibit No. 99.1 to this Current Report on Form 8-K.
Parallel's
reports on Form 10-K, 10-Q and 8-K and other publicly available information
should be consulted for other important information about Parallel.
Pursuant
to General Instruction B-2 of Form 8-K, the information under this Item 2.02
in
this Current Report on Form 8-K, including Exhibit No. 99.1 hereto, shall
not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of
1934, as amended, or otherwise subject to liability of that section. The
information under this Item 2.02 in this Current Report shall not be
incorporated by reference into any filing of Parallel, except as shall be
expressly set forth by specific reference in such filing or document.
Item
9.01 Financial Statements and Exhibits.
(c) Exhibits.
Pursuant
to General Instruction B.2 of Form
8-K, the following exhibit is furnished with this Form 8-K.
Exhibit
No. Description
99.1 Press
Release
issued May 10, 2006
SIGNATURE
Pursuant
to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report
to
be signed on its behalf by the undersigned thereunto duly
authorized.
Dated:
May
10,
2006 PARALLEL
PETROLEUM CORPORATION
By:
/s/ Larry C.
Oldham
Larry
C. Oldham, President
EXHIBIT
INDEX
Exhibit
No.
Description
99.1 Press
Release issued May 10, 2006