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17. Parallel Petroleum

17. Parallel Petroleum
Financials: Latest Results
Rank: 17 (Previous rank: 26)
CEO: Larry Oldham, President and CEO
Headquarters: Midland, TX
Employees: 43
Industry: Energy
Website: www.plll.com
Founded in 1979, Parallel Petroleum drills through rock for natural gas horizontally, releasing the gas more efficiently. Parallel's 2007 oil sales comprised about 60% of its combined oil and natural gas revenues. The company operates primarily in Texas and New Mexico.
Revenues 116 52.6
Net Income -4.7 -
Earnings per share - 49.6
Total Return - 48.4
From the July/August 2008 issue of Fortune Small Business
Source: Zacks
Notes: Employee count as of Feb. 2008.
Revenue and net income are for the most recent four quarters ended on or before 2/29/08.

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