Parallel Energy Trust revised capital budget and production for the year 2015. Parallel is revising its 2015 capital budget to USD 3.1 million, comprised of USD 2.2 million to complete up to 100 well cleanouts plus USD 0.9 million for maintenance and equipment.

Due to the postponement of Parallel's drilling program, and assuming that no drilling is completed in 2015, the Trust is reducing its estimated annual average daily production rate from 7,100 boe per day to 6,800 boe per day.

Based on field data, Parallel recorded average daily production of approximately 7,100 boe per day in the fourth quarter of 2014.

This results in average daily production of approximately 7,100 boe per day for the full year 2014, which was in line with the Trust's production guidance.