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Pan Andean Resources explores for and produces oil and gas from drilling operations in the US and South America. In the US Pan Andean Resources PLC produces gas from seven locations onshore and offshore Texas. In Bolivia Pan Andean Resources PLC produces oil and gas at the Monteagudo field, but taxes have made it difficult for the company to break even in costs. Pan Andean has also started an exploration project in Peru. Pan Andean Resources PLC has proved plus probable reserves of more than 3 million barrels of oil equivalent in the US (65% of all its total reserves are in Texas and the Gulf of Mexico) and more than 2 million barrels of oil equivalent in Bolivia and Peru. Pan Andean was formed in 1988.

Parallel Petroleum seeks unparalleled success by exploring for and producing oil and natural gas. Parallel Petroleum Corporation operates primarily on the Gulf Coast of South Texas, in East Texas, and in the Permian Basin of West Texas, and well as in Colorado and Utah. In 2008 Parallel Petroleum Corporation reported proved reserves of 71.8 billion cu. ft. of natural gas and 21.2 million barrels of oil. Parallel Petroleum sells directly on a month-to-month basis to other oil and gas companies. In 2009 global investment firm Apollo Global Management acquired Parallel Petroleum for about $483 million.

Paramount Resources' paramount business is discovery and development of natural gas assets, which accounts for 75% of its production. Paramount Resources Ltd. explores for, develops, processes, markets, and transports natural gas and petroleum. Paramount Resources Ltd. has interests in more than 2.3 million gross acres, primarily in Alberta and elsewhere in Western Canada (the Northwest Territories and British Columbia) and the US (Montana an North Dakota). In 2008 Paramount Resources reported proved plus probable reserves of about 36.4 million barrels of oil equivalent. Company management, led by chairman and CEO Clayton Riddell, controls Paramount Resources.

Parker Drilling parks its oil rigs off the beaten path. Parker Drilling Company helicopter-transportable rigs allow the drilling contractor to work in otherwise inaccessible desert, mountain, and remote jungle locations. Parker Drilling Company barge rigs allow the company to drill in transition zones (such as bays and marshes). Parker Drilling owns 28 land rigs and 17 US-based barge drilling and workover rigs. Parker Drilling Company drills worldwide (in nine countries in 2008) and has worked in 54 countries since its founding. Subsidiary Quail Tools provides rental tools for oil and gas drilling and workover activities, with operations in the Gulf Coast, the Rocky Mountains, and West Texas regions. Parker Drilling also has a drilling rig construction unit.

Patterson-UTI Energy, Inc. provides onshore contract drilling services to independent oil and natural gas operators in North America. It offers pressure pumping services, including well stimulation and cementing for completion of new wells, and remedial work on existing wells to oil and natural gas operators primarily in the Appalachian Basin. Patterson-UTI Energy, Inc. provides contract drilling services principally in Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, and West Virginia, as well as western Canada. Patterson-UTI Energy, Inc. also owns and invests in oil and natural gas assets located primarily in Texas and New Mexico. As of February 11, 2010, the company had approximately 350 marketable land-based drilling rigs. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

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