Pipestone Energy Corp. is pleased to report the results of its annual shareholder meeting. The Company held its 2023 annual meeting of the shareholders of Pipestone Energy today at 10:00 a.m. virtually. A total of 210,819,903 votes were cast, representing 75.41% of the total 279,552,245 eligible votes, which includes the Company's issued and outstanding common share voting rights as of the May 8, 2023 record date for the [...]
As previously disclosed on May 10, 2023, Paul Wanklyn, President and Chief Executive Officer of Pipestone Energy Corp. , has taken a leave of absence for health reasons. Mr. Wanklyn has subsequently chosen to not put himself up for re-election to the Board of Directors at the annual general meeting of shareholders to be held on June 22, 2023 as he remains on leave. Pipestone Energy Corp. Pipestone is an oil and gas [...]
Pipestone Energy Corp. provides an update to the Alberta wildfire impact on its Grande Prairie area operations. As previously announced, approximately 20,000 boe/d of production was temporarily curtailed as a result of the precautionary shut-in of certain third-party infrastructure and associated operated producing locations on the evening of May 12, 2023. As a result of the outstanding efforts of local fire authorities [...]
Pipestone Energy Corp. advises that its operations in the Grande Prairie area are again being impacted by the ongoing wildfires. As a result of the precautionary shut-in of certain third-party infrastructure and associated operated producing locations, approximately 20,000 boe/d of production has been temporarily curtailed since the evening of May 12, 2023. From May 8th to May 12th, Pipestone had restarted the majority [...]
Pipestone Energy Corp. is pleased to report its first quarter 2023 financial and operational results. The Company also announced today that Paul Wanklyn, President and Chief Executive Officer, will be taking an immediate leave of absence for health reasons. Pipestone's Board of Directors has appointed Dustin Hoffman, the Company's Chief Operating Officer, as Interim President and Chief Executive Officer, effective [...]
Pipestone Energy Corp. advises that its operations in the Grande Prairie area are being impacted by the ongoing wildfires. As a result of the precautionary shut-in of certain operated producing locations and third-party infrastructure, approximately 20,000 Boe/d of production has been temporarily curtailed since the evening of May 5, 2023. The Company is not aware of any significant damage or loss to its owned or [...]
Pipestone Energy Corp. is pleased to announce an update to its shareholder return strategy. Management and the board of directors of Pipestone have reflected on the significant volatility in capital markets and the decline in both oil and natural gas prices over the past few months. Given this uncertain environment, Pipestone has decided not to proceed with initiating the substantial issuer bid in the first quarter of [...]
Pipestone Energy Corp. is pleased to report its fourth quarter and full year 2022 financial and operation results. FOURTH QUARTER 2022 CORPORATE HIGHLIGHTS In Q4 2022, Pipestone achieved record average quarterly production totaling 33,816 boe/d , representing a 5% quarterly increase over Q3 2022, and a 18% increase over Q4 2021. The Company's average annual production for 2022 was 31,090 boe/d within its guidance range [...]
Pipestone Energy Corp. is pleased to provide an update on its operations, including record quarterly production and free cash flow and substantial deleveraging during the fourth quarter; and to report its year-end 2022 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. , effective December 31, 2022 . Operational results and reserve updates are consistent with Pipestone's previously [...]
Pipestone Energy Corp. is pleased to announce the Toronto Stock Exchange has accepted the notice filed by the Company to renew its normal course issuer bid . Pipestone's inaugural NCIB was launched in November 2021 and has been fully executed with the purchase and cancellation of 9,598,347 common shares of the Company for an average price of $4.44 per share. The NCIB allows Pipestone to purchase up to 13,936,907 Common [...]
Pipestone Energy Corp. is reporting its third quarter 2022 financial and operational results. It is also providing an operations update and an update on its 3-year plan that forecasts moderated production growth, and a focus on shareholder returns. Since the startup of Pipestone Energy Corp. in January 2019, the Company has achieved significant production growth from approximately 1,500 boe/d at inception to Q3 2022 [...]
Pipestone Energy Corp. is pleased to announce the voluntary early conversion of all the outstanding convertible preferred shares of the Company by the holders thereof. This early conversion further confirms the ongoing support for Pipestone provided by its major shareholders, Riverstone Pipestone LP, GMT Capital Corp., and GMT Exploration Company LLC. On September 17, 2020, Pipestone issued $70 million of CP Shares, the [...]
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