Parallel Energy Trust Reports Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Year 2015
For the quarter, the company recorded average daily production of 6,684 boe/day (63% natural gas liquids and condensate) against 6,607 boe/day a year ago, consistent with production results in the first quarter of 2014 as the Trust's operating areas were impacted by severe winter weather during both periods.
For the year 2015, the company is reconfirming its full year production guidance of 6,800 boe/day.