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Pipestone Energy Corp.

Company Summary

Description

Pipestone Energy Corp., formally Blackbird Energy Inc., is a highly innovative oil and gas exploration and development company focused on the liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta. Blackbird holds a 100% working interest in 102 gross (96.8 net) sections of highly prospective Montney rights.

Website

https://www.blackbirdenergyinc.com/

Operational Regions

  • Montney Formation

Financial Data:


Tickers:

  • BBI - Vancouver Stock Exchange

Related Entities

Firm Transport Commitments

Project: Tidewater Montney Deep-Cut Gas Plant - Phase 1
Firm Commitment: 30 Mmcf/d

Recent news

  • 10/4/2023 - Strathcona Resources... (subscriber access)
  • 9/28/2023 - Pipestone Energy... (subscriber access)
  • 8/1/2023 - Strathcona Resources to... (subscriber access)
  • 5/24/2023 - Pipestone Energy... (subscriber access)
  • 5/15/2023 - Pipestone Energy Again... (subscriber access)

Investor Presentations

  • 3Q22 Earnings Presentation
  • November 2019 Investor Presentation (subscriber access)
  • May 2019 Presentation (subscriber access)
  • Strategic Combination with Pipestone Oil Corp. (subscriber access)
  • 3Q17 Investor Presentation (subscriber access)
  • Investor Presentation - January 2017 (subscriber access)
  • Investor Presentation - November 2016 (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)

Company Transactions

Date: 8/16/2019
Type: Acquisition

BUYERS:
  • Tidewater Midstream and Infrastructure Ltd
    • SELLERS:
  • Pipestone Energy Corp.
    • DETAILS:

    COST: 14 $MM

    NOTES:
    Tidewater entered into an agreement with Pipestone Energy to acquire a 100% working interest in the Pipestone East Battery which will be located 15 miles east of the Pipestone Gas Plant.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 1/7/2019
    Type: Merger

    BUYERS:
  • Pipestone Energy Corp.
    • SELLERS:
  • Pipestone Oil Corp.
    • DETAILS:

    ACRES: 98000 Acres

    NOTES:
    Blackbird Energy and Pipestone Oil Corp. have entered into an agreement to combine and form a pure-play Pipestone Montney company renamed Pipestone Energy Corporation
    REGIONS:
  • Montney Formation

    • Date: 7/31/2018
    Type: Acquisition

    BUYERS:
  • Pipestone Energy Corp.
    • DETAILS:

    COST: 1.6 $MM

    ACRES: 6400 Acres

    NOTES:
    During the year ended July 31, 2018, Blackbird acquired a total of 11 gross (10.0 net) sections of additional Pipestone/Elmworth Montney land for cash consideration of $1.6 million.
    REGIONS:
  • Montney Formation

    • Date: 3/23/2017
    Type: Acquisition

    BUYERS:
  • Pipestone Energy Corp.
    • SELLERS:
  • Knowledge Energy Inc
    • DETAILS:

    ACRES: 1280 Acres

    NOTES:
    Blackbird Energy has entered into a deal with Knowledge Energy to acquire two net sections (1,280 acres) of Montney land rights in exchange for 1.92 million shares of Blackbird common stock.
    REGIONS:
  • Montney Formation

    • Date: 3/6/2017
    Type: Acquisition

    BUYERS:
  • Pipestone Energy Corp.
    • SELLERS:
  • Paramount Resources Ltd
    • DETAILS:

    ACRES: 1984 Acres

    NOTES:
    Acquisition of 13 gross (3.2 net) sections of land in exchange for 5 million common shares of Blackbird stock.
    REGIONS:
  • Montney Formation

    • Date: 2/15/2017
    Type: Acquisition

    BUYERS:
  • Pipestone Energy Corp.
    • SELLERS:
  • Paramount Resources Ltd
    • DETAILS:

    COST: 2.61 $MM

    ACRES: 1792 Acres

    NOTES:
    Blackbird Energy will acquire 8 gross Montney sections (2.8 net) for total consideration of 5 million shares. Purchase price estimated based on Blackbird stock price upon closing of the deal.
    REGIONS:
  • Montney Formation

    • Date: 2/2/2017
    Type: Acquisition

    BUYERS:
  • Pipestone Energy Corp.
    • DETAILS:
    NOTES:
    Blackbird has acquired 3 gross sections of Montney rights (3 net) through a recent crown land sale.
    REGIONS:
  • Montney Formation

    • Date: 11/29/2016
    Type: Acquisition

    BUYERS:
  • Pipestone Energy Corp.
    • SELLERS:
  • Stage Completions Inc
    • DETAILS:

    COST: 3 $MM

    NOTES:
    Blackbird Energy to Acquire 10% Interest in Stage Completions Inc