Parallel Resource Partners

Parallel Resource Partners, LLC is a private equity firm based in Dallas, Texas, with 20-49 employees. The firm specializes in providing growth capital to established oil and gas companies across North America. Parallel Resource Partners distinguishes itself by focusing on established companies with existing assets rather than backing greenfield management teams. They typically take significant equity positions and work collaboratively with company founders to unlock value. The firm's investment model is built around three key strategies: Development Capital, Debt Reduction, and Out-of-Favor Assets. Development Capital supports companies facing challenges in securing sufficient funding for attractive drilling opportunities, often involving expiring leases or stranded development. Debt Reduction provides capital to address debt-related issues such as maturities, covenant breaches, or insolvency. Out-of-Favor Assets involve investments in previously neglected sectors like shallow offshore Gulf of Mexico developments, conventional onshore oil and gas, or projects in challenging regulatory environments. For more information about Parallel Resource Partners and their investment strategies, please visit their website at parallelresourcepartners.com.