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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.

Pavilion Energy Resources, Inc. (PVRE) is an emerging, energy development company focused on developing large-scale, wind power projects in the US and abroad. In 2007, Pavilion Energy Resources, Inc. acquired Energetics, a Texas-based oil and gas development company that holds an oil lease in Louisiana. In conjunction with the deal, executives from Energetics took over at Global Business Services, which then changed its name to Energetics Holdings. The next year, Pavilion Energy Resources, Inc. again changed its name and the two groups rescinded the 2007 agreement to sell the company. Pavilion Energy Resources also holds oil and gas assets in Tennessee and Kentucky.

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