Pipestone Energy Corp. is pleased to report its year-end 2019 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. with an effective date of December 31, 2019 . Year-End 2019 Reserve Results: Key Highlights from the Year-End 2019 McDaniel Report include: Proved Developed Producing reserves increased by 585% from 2.7 MMboe to 18.5 MMboe and achieved a Finding & Development cost of $8.39/boe [...]
Pipestone Energy Corp. announces that the Keyera Wapiti Gas Plant has resumed operations and that Pipestone Energy has continuously flowed volumes into the plant over the last 24 hours without curtailment. Pipestone Energy has been informed that normal plant operations are expected to continue. Year-End 2019 Reserves The Company expects to provide an updated year-end 2019 reserve and resource evaluation, as performed by [...]
Pipestone Energy Corp. was notified by Keyera Corp. on January 17, 2020 of an electrical failure within the Keyera Wapiti Gas Plant. This failure has resulted in an unplanned outage. Keyera expects it to be repaired and resume operations of the Keyera Plant within approximately two weeks. Based on the expected outage duration, the Company is reaffirming its 2020 annual guidance, released on January 16, 2020. If the [...]
Pipestone Energy Corp. is pleased to provide an update to our operations as well as the release of our 2020 guidance and development plan. “I am very pleased to announce that Pipestone Energy produced approximately 17,700 boe/d during December 2019, well in excess of the top-end of our 2019 exit guidance. Well performance has been strong and in-line with our type curve expectations. Our 2020 capital program is 85 [...]
Pipestone Energy Corp. is pleased to announce that it has successfully re-financed its existing credit facilities with a $225 million Reserve Based Loan , which provides meaningful financial flexibility going forward. Additionally, the Company achieved its previously announced 2019 exit production guidance in November 2019, with average estimated sales production of ~15,700 boe/d . Credit Facility Refinancing The RBL [...]
https://www.youtube.com/watch?time_continue=10&v=kDJd-qlbdNo The View from the C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest View from the C-Suite videos visit www.tmxmoney.com/en/news/csuite.html) About PipeStone Energy Corp.Pipestone[...]
Pipestone Energy Corp. is pleased to report its Q3 2019 financial and operational results, provide an update on its production ramp-up, as well as an accelerated completion program within its capital guidance. The Company has filed its unaudited financial statements and related management’s discussion and analysis for the quarter ended September 30, 2019 on SEDAR. A conference call has been scheduled for Thursday [...]
Pipestone Energy Corp. announces that it has issued 120,000 restricted share units and 180,000 performance share units to a newly-hired officer of the Company under the long term incentive plan for the Company , which allows for the issuance of stock options exercisable for up to 5,688,690 common shares of the Corporation , RSUs exercisable for up to 5,688,690 Common Shares and PSUs exercisable for up to 5,688,690 Common [...]
Pipestone Energy Corp. announces the appointment of Dustin Hoffman as Chief Operating Officer to be effective September 9, 2019. Mr. Hoffman has over 25 years of professional experience, at Encana Corporation and its predecessor companies, where he held several senior management roles in different operating groups such as Deep Basin, Peace River Arch, Montney, Duvernay and most recently as Senior Manager, D&C Sourcing [...]
Pipestone Energy Corp. is pleased to report its Q2 2019 financial and operational results and provide a progress report on its 2019 development program. The Company has filed its unaudited financial statements and related management’s discussion and analysis for the quarter ended June 30, 2019 on SEDAR. A conference call has been scheduled for Thursday, August 8 at 9:00 a.m. Mountain Daylight Time for interested [...]
Pipestone Energy Corp. is pleased to announce it has entered into a strategic midstream transaction with Tidewater Midstream and Infrastructure Ltd. . The initial capital to be received by Pipestone Energy from Tidewater pursuant to the Midstream Transaction will be deployed to accelerate a three-well completion program at its 9-14-71-07W6 well pad. The Midstream Transaction includes the physical extension of a [...]
Pipestone Energy Corp. is pleased to report that the board of directors of Pipestone Energy Corp. have approved a long term incentive plan for the Company allowing for the issuance of stock options exercisable for up to 5,688,690 common shares of the Corporation , restricted share units exercisable for up to 5,688,690 Common Shares and performance share units exercisable for up to 5,688,690 Common Shares, for a total of [...]
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