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Parallel Energy Trust
840, 517 - 10th Avenue S.W.
Phone: (403) 781-7888p:403 781-7888 CALGARY, AB  T2R 0A8  Canada Fax: (403) 781-7895f:403 781-7895
Filed for Bankruptcy on 11/9/2015
Parallel Energy Trust and its affiliated entities, Parallel Energy Commercial Trust and Parallel Energy Inc. (collectively, the Canadian Parallel Entities) filed an application for protection under the Companies Creditors Arrangement Act (the CCAA) with the Alberta Court of Queen's Bench in Calgary (the Canadian Court).
On 1/28/2016, the sale of substantially all of the U.S. Parallel Entities' assets to Scout Energy Group II, LP was closed.
On 3/3/2016, the Company applied for and was granted an assignment under section 49 of the Bankruptcy and Insolvency Act. KPMG Inc. was appointed as Trustee of the Company.
This company is no longer actively traded on any major stock exchange.
Business Summary
Parallel Energy Trust (Parallel or the Trust) is a Canada-based distribution-paying energy income trust. The Trust's assets and operations are located in Texas and Oklahoma in the United States and its portfolio consists of mature, liquids-rich natural gas assets. The Trust's business strategy is focused on acquiring and developing long-life, conventional oil and natural gas assets. The Trust manages five operating areas located in Texas and Oklahoma. The Trust operates 100% of its Texas assets, which are located in the Carson, Hutchinson, Moore, Potter, Gray and Roberts counties and it holds a 30% non-operated interest in a Mississippian Lime play located in Garfield County, Oklahoma. The Trust's Carson, Sneed and Cargray operating areas are located in the Greater Panhandle/Hugoton Gas Field, a conventional gas field in North America.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/201512/31/2014Yes----

Industries
SIC Code Description
6722 Management investment offices, open-end

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board of Parallel Energy Inc. Henry W.Sykes 56 3/1/2011
President, Chief Executive Officer, Director Richard M.Alexander 59 3/20/2013 3/10/2011
Chief Financial Officer of Parallel Energy Inc. Richard N.Miller 3/10/2011 3/10/2011
7 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Parallel Energy LP 1323 East 71st Street Tulsa OK United States

General Information
Stock Exchange: TSE
Fax Number: (403) 781-7895


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Saturday, July 22, 2023