Parallax Energy Announces Commitment from Carnelian Energy Capital
CALGARY, Alberta, Jan. 09, 2024 (GLOBE NEWSWIRE) -- 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”).
- CALGARY, Alberta, Jan. 09, 2024 (GLOBE NEWSWIRE) -- 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 until its merger with Strathcona Resources.
- 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 Hoffman, Parallax’s Chief Executive Officer.