Blackbird Energy completed merger with Pipestone Oil Corp in a $527m deal.

Blackbird Energy, a highly innovative oil and gas exploration and development company, completed merger with Pipestone Oil Corp, an operator of a pure-play condensate-rich Montney asset, in a $527m deal. "The assets of Blackbird and Pipestone Oil are a perfect fit and we are excited to bring them together at this early stage as it will afford many operational synergies as the company moves into large scale development. The significant financing commitment that existing shareholders have made in connection with this combination speaks to the high-quality nature of the assets and their support of our business plan and management team. We look forward to building value for Blackbird and Pipestone Oil shareholders in a prudent and efficient manner in the years to come," Paul Wanklyn, Pipestone Oil President and CEO.