Pipestone Energy Corp. is pleased to report the results of its annual shareholder meeting and announce the release of its inaugural Environment, Social and Governance report. SHAREHOLDER MEETING RESULTS The Company held its 2021 annual and special meeting of the shareholders of Pipestone Energy today at 9:00 a.m. virtually. A total of 234,817,972 votes were cast, representing 84.59% of the total 277,591,618 eligible [...]
Pipestone Energy Corp. is pleased to report its Q1 2021 financial and operational results, as well as provide an update on its operations. Pipestone continues to efficiently grow its highly economic condensate-rich Montney asset. The Company is well on track to deliver its 2021 production guidance of 24,000 to 26,000 boe/d. The increase in natural gas and condensate prices, coupled with improving capital efficiencies and [...]
Pipestone Energy Corp. is pleased to announce that is has successfully renewed and extended its Reserve Based Loan with its syndicate of banks, re-affirming its borrowing base at $225 million. Pipestone Energy has closed on its RBL renewal with its corporate banking syndicate, consisting of National Bank Financial Inc., Bank of Montreal, ATB Financial, and Canadian Western Bank. The Credit Facility's borrowing base and [...]
Pipestone Energy Corp. is pleased to report its Q4 and full year 2020 financial and operational results, as well as provide an update to its development program and corporate guidance for 2021 and its three-year outlook. "I am very excited to provide our fourth quarter and full year 2020 results, as well as revised 2021 guidance and an updated three-year business plan", said Paul Wanklyn, President and CEO. "Due to the [...]
Pipestone Energy Corp. is pleased to provide an update on its production and operations, as well as report its year-end 2020 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. with an effective date of December 31, 2020. Since inception, Pipestone has continued to demonstrate leadership in combining capital cost efficiencies with highly productive wells in the condensate-rich Alberta [...]
Pipestone Energy Corp. is pleased to announce that its common shares and warrants have been approved for listing on the Toronto Stock Exchange and will commence trading on the TSX at the opening of the market on December 16, 2020. Concurrent with the up-listing to the TSX, the common shares and warrants of Pipestone will be de-listed from the TSX Venture Exchange. Pipestone’s ticker symbol for the common shares and [...]
Pipestone Energy Corp. is pleased to announce it has entered into an agreement with Veresen Midstream LP for an additional 50 MMcf/d of gas processing capacity at the Veresen Midstream Hythe Gas Plant , as well as ancillary transportation and fractionation services with Pembina Pipeline and certain of its affiliates . This arrangement with Veresen Midstream aligns with the Company’s corporate growth profile over [...]
Pipestone Energy Corp. is pleased to report its Q3 2020 financial and operational results, as well as provide an update to its development program and corporate guidance for 2021. “I am extremely proud of the efforts of our team as we continue to safely navigate the global pandemic and its impact on oil prices,” said Paul Wanklyn, President and CEO. “The recently completed financing was an important [...]
Pipestone Energy Corp. is pleased to announce that following receipt of overwhelming approval at the annual and special meeting of the shareholders of Pipestone Energy held on September 14, 2020 , it has closed the previously announced financing pursuant to subscription agreements with Riverstone V EMEA Holdings Cooperatief U.A. which was subsequently assigned to Riverstone Pipestone LP , certain hedge fund and private [...]
Pipestone Energy Corp. announces that at the annual and special meeting of the shareholders of Pipestone Energy held today at 2:30 p.m. in the McMurray Room at the Calgary Petroleum Club, 319 - 5th Avenue S.W., Calgary, Alberta, the Shareholders approved each of the amended and restated by-laws, the long-term incentive plan, and employee share purchase plan of the Company. Additionally, the Shareholders approved the [...]
Pipestone Energy Corp. was notified by Keyera Corp. on August 27, 2020 that the issue relating to the Waste Heat Recovery System within the Keyera Wapiti Gas Plant is more widespread than previously indicated. The total scope of the problem and root cause of the outage has yet to be determined. As such the original estimate provided by Keyera to repair the plant and return to operations is no longer valid. In addition at [...]
Pipestone Energy Corp. was notified by Keyera Corp. on August 17, 2020 of an issue relating to the Waste Heat Recovery System within the Keyera Wapiti Gas Plant . This failure has resulted in an unplanned outage. After performing an inspection of the affected equipment, Keyera expects the repairs to be completed and the Keyera Plant to resume operations by the end of next week. During this outage, both Pipestone Energy [...]
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