Vesta Energy Ltd. (Vesta) is now Parallax Energy - Learn More

Company News

parallax energy CLOSES acquisition of vesta energy ltd.

CALGARY, ALBERTA, December 4, 2024 – Parallax Energy Operating Inc., a wholly owned subsidiary of Parallax Energy, L.P. (collectively “Parallax”), today closed the acquisition of Vesta Energy Ltd. (the “Acquisition”), a private producer with a significant land position in the East Shale Basin of the Duvernay light oil window in Central Alberta. Parallax now operates … Read more

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 … Read more