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Parallax Energy Operating, Inc.

Active
900, 520 – 3 Avenue SW,  Calgary,  Alberta,  T2P 0R3,  Canada
(403) 453-0295
Sector: Oil, Gas & Coal Exploration Entity: Private Founded: 2024
2024
Founded
Year established
2
Transactions
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About Parallax Energy Operating, Inc.
Parallax Energy Operating Inc. is an oil and gas exploration and production company that acquires, develops, and operates oil and natural gas assets in Alberta’s East Shale Duvernay. It owns and operates a 75% working interest in about 300,000 gross acres. Its production is mostly light oil and natural gas liquids, sold into the Western Canadian energy market. It also owns field infrastructure, including oil batteries, gas processing facilities, and water disposal facilities. It drills and completes new horizontal wells, runs its producing wells, and develops new drilling locations, partly under a multi-year joint development agreement with Northern Oil and Gas, which holds the other 25% working interest. Its asset base came mainly from its December 2024 acquisition of Vesta Energy Ltd. Since October 2026, the business has been the operating base for Avenrock Energy Inc., a new Western Canadian light oil company. Founded in 2024, the company is headquartered in Calgary, Alberta, Canada.
Investors
Current Investors
Avenrock Energy, Inc. ••••••••
Past Investors
•••••••• ••••••••
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Investment Details
2 Transactions
Trans. IDInvestment DateExit DateInvestor(s)Deal Size (M)Seller(s)
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Parallax Energy Operating, Inc. M&A Activity
# Company Transaction Date Close Date Sector Country
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Key Executives & Professionals
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Frequently Asked Questions
What does Parallax Energy Operating, Inc. do?
Parallax Energy Operating Inc. is an oil and gas exploration and production company that acquires, develops, and operates oil and natural gas assets in Alberta’s East Shale Duvernay. It owns and operates a 75% working interest in about 300,000 gross acres. Its production is mostly light oil and na
Where is Parallax Energy Operating, Inc. headquartered?
Parallax Energy Operating, Inc. is headquartered in Calgary, Alberta, Canada.
When was Parallax Energy Operating, Inc. founded?
Parallax Energy Operating, Inc. was founded in 2024.
What sector is Parallax Energy Operating, Inc. in?
Parallax Energy Operating, Inc. operates in the Oil, Gas & Coal Exploration sector.
Who are the investors in Parallax Energy Operating, Inc.?
Current investors in Parallax Energy Operating, Inc. include Avenrock Energy, Inc.. Sign up to AcquityData to view full investor details, deal dates and transaction history.
How many M&A transactions has Parallax Energy Operating, Inc. been involved in?
Parallax Energy Operating, Inc. has 2 transactions tracked on AcquityData. Sign up to view full investment history including dates, deal sizes, investors and sellers.

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