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WEBCAST ALERT: Parallel Petroleum Announces Management Presentation at EnerCom's Oilservice Conference in San Francisco.

MIDLAND, Texas -- Parallel Petroleum Corporation (NASDAQ: PLLL) today announced that its Chief Operating Officer, Don Tiffin, will present at the EnerCom, Inc. Oilservice Conference (TM) IV on Friday, February 17, 2006, at 11:20 a.m. Pacific Time. The conference will be held at the Mandarin Oriental Hotel located in San Francisco, California on Thursday and Friday, February 16-17, 2006.

Mr. Tiffin's conference presentation will be webcast, complete with slide show. The webcast and slide show may be accessed live on Friday, February 17, 2006, at 11:20 a.m. Pacific Time (1:20 p.m. Central Time), at Parallel's web site, http://www.plll.com, or at http://www.investorcalendar.com/CEPage.asp?ID=100149. All of the conference presentations (including audio) will be archived on the EnerCom website at http://www.enercominc.com/tosc06/webcast.html for 30 days.

About The Oilservice Conference (TM) IV

The Oilservice Conference (TM) IV (TOSC IV), http://www.enercominc.com/tosc06/, showcases 25 of the world's leading oilservice providers in a single-track, 25-minute presentation and Q&A format. TOSC IV offers institutional investors and research analysts the opportunity to meet and discuss important industry-related topics. Attendees can register to attend this Conference at http://www.enercominc.com/tosc06/register.html.

A popular feature of TOSC IV is presentations made by leading sell-side energy analysts. They will cover a myriad of topics addressing free-market and geo-political forces that impact global oilservice companies. Industry trends and emerging and oilfield technologies will also be highlighted. The conference format affords the attendees an unmatched opportunity for intellectual exchange with industry and financial professionals that help shape the energy sector.

The presenting companies span the oilservice spectrum, including land and offshore drillers, equipment manufacturers, oilfield services, compression, reservoir description, mission critical energy solutions and gas-to-liquids technologies. Parallel Petroleum will be one of a select group of exploration and production companies that will discuss their use of these technologies and certain of their key drilling prospects and projects.

About EnerCom, Inc.

EnerCom, Inc. is a nationally recognized leader of specialized corporate communications consultancy, including investor relations, graphic design, financial advertising, media relations, and business development and analysis. Nearing its 13th year in business, EnerCom uses the team concept for its wide range of services to emerging companies, and small to large public companies engaged in the global energy, alternative energy, exploration and production, and oilservice industries. For more information about EnerCom and its services, visit http://www.enercominc.com.

About Parallel Petroleum Corporation

Parallel Petroleum is an independent energy company headquartered in Midland, Texas, engaged in the acquisition, exploration, development and production of oil and gas using 3-D seismic technology and advanced drilling, completion and recovery techniques. Parallel's primary areas of operation are the Permian Basin of West Texas and New Mexico, North Texas Barnett Shale, Onshore Gulf Coast of South Texas, East Texas and Utah/Colorado. Additional information on Parallel Petroleum Corporation is available at http://www.plll.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Feb 14, 2006
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