Growth Capital • Oil/Gas Exploration

Carnelian Energy Capital Invests In Parallax Energy

On January 9, 2024, private equity firm Carnelian Energy Capital invested in oil/gas exploration company Parallax Energy

Investment Context
  • This is Carnelian Energy Capital’s 13th transaction in the Oil/Gas Exploration sector.
  • This is Carnelian Energy Capital’s 2nd transaction in Canada.
  • This is Carnelian Energy Capital’s 2nd transaction in Alberta.

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Investment Summary

Date January 9, 2024
Target Parallax Energy
Sector Oil/Gas Exploration
Investor(s) Carnelian Energy Capital
Deal Type Growth Capital

Target Company

Parallax Energy

Calgary, Alberta, Canada
Parallax Energy is an exploration & production company focused on acquiring and developing high-quality assets in the Western Canadian Sedimentary Basin. Parallax Energy is based in Calgary, Alberta.
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Investor Overview 1

Investor

Carnelian Energy Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Carnelian Energy Capital is a private investment firm focused on the North American upstream, midstream, and oilfield services sectors of the energy sector. Carnelian Energy Capital was established in 2015 and is headquartered in Houston, Texas.


Deal Context for Investor #
Overall 16 of 17
Sector: Oil/Gas Exploration 13 of 14
Type: Growth Capital 16 of 17
State: Alberta 2 of 2
Country: Canada 2 of 2
Year: 2024 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Percussion Petroleum II

Houston, Texas, United States

Percussion Petroleum II is an oil and gas company that focuses on acquisition and development opportunities in select onshore basins in North America. Percussion Petroleum II is based in Houston, Texas.

Sell $475M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Zavanna

Denver, Colorado, United States

Zavanna is an independent exploration and production company. Zavanna is based in Denver, Colorado.

Buy -