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): October 17, 2005
PARALLEL PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware |
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(State or other jurisdiction of incorporation) |
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0-13305 |
75-1971716 |
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(Commission file number) |
(IRS employer identification number) |
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1004 N. Big Spring, Suite 400, Midland, Texas |
79701 |
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(Address of principal executive offices) |
(Zip code) |
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(432) 684-3727 |
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(Registrant’s telephone number including area code) |
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Not Applicable |
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(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 7.01. |
Regulation FD Disclosure. |
On October 17, 2005, Parallel Petroleum Corporation, or “Parallel”, issued a press release announcing that its subsidiary, Parallel, L.P., had entered into a purchase and sale agreement to acquire producing and undeveloped oil and gas properties located in Andrews and Gaines Counties, Texas for a purchase price of $44.5 million, subject to customary closing conditions and adjustments. Attached hereto as Exhibit 99.1 is the press release issued by Parallel on October 17, 2005.
Pursuant to General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and is not incorporated by reference into any filing of Parallel, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
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Item 9.01 |
Financial Statements and Exhibits. |
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(c) |
Exhibits. |
Pursuant to General Instruction B.2 of Form 8-K, the following exhibit is furnished with this Form 8-K.
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Exhibit No. |
Description |
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99.1 |
Press Release issued October 17, 2005 |
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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: October 17, 2005
PARALLEL PETROLEUM CORPORATION
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By: |
/s/ Larry C. Oldham |
Larry C. Oldham, President
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EXHIBIT INDEX
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Exhibit No. |
Description |
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99.1 |
Press Release issued October 17, 2005 |