PARALLAX ENERGY ANNOUNCES COMMITMENT FROM CARNELIAN ENERGY CAPITAL
CALGARY (January 9, 2024) – Parallax Energy, L.P. (“Parallax”) today announced the closing of an equity commitment from investment funds managed by Carnelian Energy Capital Management, L.P. (“Carnelian”). Headquartered in Calgary, Parallax is pursuing an acquisition and development strategy in Canada. Parallax is led by Dustin Hoffman and Dan van Kessel, who most recently led Pipestone Energy (TSX: PIPE) until its merger with Strathcona Resources. Prior to Pipestone, Hoffman held senior roles at Ovintiv (TSX/NYSE: OVV), where he managed assets across Western Canada. “We are excited to grow our presence in Canada by partnering with Dustin and Dan,” said Dillon MacDonald, a Carnelian Principal. “The Canadian E&P sector offers opportunities to capture and optimize assets amidst a still fragmented and under-capitalized landscape. The Parallax team has the right combination of operational and business development capabilities to execute on this strategy.” “We look forward to building Parallax with Carnelian,” said Dustin … Read more
