Parallel Petroleum Corp. 8-K
 
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): February 28, 2007


PARALLEL PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)


Delaware
(State or other jurisdiction of incorporation)


0-13305
75-1971716
(Commission file number )
(IRS employer identification number)

 
1004 N. Big Spring, Suite 400, Midland, Texas
79701
(Address of principal executive offices)
(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:

□
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
Item 7.01. Regulation FD Disclosure.
 
On February 28, 2007, Parallel Petroleum Corporation, or "Parallel", issued a press release announcing its fourth quarter 2006 production, 2007 capital expenditure budget and oil and gas operations update. Attached hereto as Exhibit 99.1 is the press release issued by Parallel on February 28, 2007.

Parallel's reports on Forms 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 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.
 

 
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 February 28, 2007  

 
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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: February 28, 2007 PARALLEL PETROLEUM CORPORATION  
       
 
By:
/s/ Larry C. Oldham
  
   
Larry C. Oldham, President
  

 
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EXHIBIT INDEX


 
Exhibit No.
  
Description
  
         
 
99.1
   Press Release issued February 28, 2007