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As filed with the Securities and Exchange Commission on September 30, 1997
No. 33 - 77402
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________
POST-EFFECTIVE AMENDMENT NO. 1
TO
FORM S-3
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
__________
PARALLEL PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 75-1971716
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
110 N. Marienfeld Larry C. Oldham
Suite 465 President and Chief Operating Officer
Midland, Texas 79701 110 N. Marienfeld, Suite 465
(915) 684-3727 Midland, Texas 79701
(Address, including zip code, and (915) 684-3727
telephone number, including area code, (Name, address, including zip
of Registrant's principal executive offices) code, and telephone number,
including area code of agent for
service)
Copies to:
Thomas W. Ortloff
Lynch, Chappell & Alsup
A Professional Corporation
300 N. Marienfeld, Suite 700
Midland, Texas 79701
(915) 683-3351
If the only securities being registered on this form are being offered
pursuant to dividend or interest reinvestment plans, please check the following
box. [ ]
If any of the securities being registered on this form are to be offered
on a delayed or continuous basis pursuant to Rule 415 under the Securities
Act of 1933, other than securities offered only in connection with dividend
or interest reinvestment plans, check the following box. [xx]
If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following
box and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering.
[ ] __________________
If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
number for the same offering. [ ] ___________________
If delivery of the prospectus is expected to be made pursuant to
Rule 434, please check the following box. [ ]
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DEREGISTRATION OF SECURITIES
Parallel Petroleum Corporation (the "Registrant") by this Post-Effective
Amendment No. 1 to its Registration Statement on Form S-3 (No. 33-77402)
originally filed with the Securities and Exchange Commission on April 6, 1994
(the "Registration Statement"), hereby deregisters 927,400 shares of Common
Stock, $.01 par value per share, pursuant to undertaking (a)(3) in Item 17 of
Part II of the Registration Statement.
REASON FOR DEREGISTRATION
The offer and sale by the selling stockholders of the Registrant's Common
Stock pursuant to the Registration Statement has been terminated and the
shares being deregistered were not sold in the offering.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-3, and has duly caused this Post-Effective
Amendment No. 1 to the Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Midland, State of
Texas, on the 29th day of September, 1997.
PARALLEL PETROLEUM CORPORATION
By: /s/ Larry C. Oldham
------------------------------------
Larry C. Oldham, President and Chief
Operating Officer
Pursuant to the requirements of the Securities Act of 1933, this
Post-Effective Amendment No. 1 to the Registration Statement has been signed
by the following persons in the capacities and on the dates indicated.
Signature Title Date
- --------- ------- ------
/s/ Thomas R. Cambridge Chairman of the Board of Directors,
- ------------------------- Chief Executive Officer, Director September 29, 1997
Thomas R. Cambridge and Principal Executive Officer
/s/ Larry C. Oldham President and Chief Operating
- ------------------------- Officer, Director and Principal September 29, 1997
Larry C. Oldham Financial Officer
* /s/ Danny H. Conklin Director September 29, 1997
- -------------------------
Danny H. Conklin
* /s/ E. R. Duke Director September 29, 1997
- -------------------------
E. R. Duke
* /s/ Myrle Greathouse Director September 29, 1997
- -------------------------
Myrle Greathouse
* /s/ Charles R. Pannill Director September 29, 1997
- ------------------------
Charles R. Pannill
*By /s/ Larry C. Oldham
------------------------------
Larry C. Oldham as Attorney-
in-Fact pursuant to a Power of
Attorney previously filed with
the Commission II-1