Parallel Energy Trust announced its estimated average daily production results for the third quarter and nine months ended September 30, 2014. During the third quarter of 2014, the company recorded average daily production of approximately 7,400 boe/day based on field data. In the third quarter of 2014, the company drilled and completed three wells in the Carson operating area. This concluded the Trust's 2014 drilling program which included a total of 13 wells in the Carson operating area as well as one well in the Garfield County operating area. The average 30 day initial production rate for the 14 wells completed in 2014 was approximately 60 boe/day, which exceeded the Trust's expected IP30 rate of 35 to 40 boe/day.

The average daily production of approximately 7,050 boe/day for the nine months ended September 30, 2014.