Riverstone and GMT Capital completed a $70m investment in Pipestone Energy.

Investment firms Riverstone and GMT Capital completed a $70m investment in Pipestone Energy, an oil and gas exploration and production company. "This financing is an exceptional opportunity for Pipestone Energy, providing the Company with the necessary capital to accelerate development activities in the fall of 2020. Pipestone can deliver attractive full-cycle returns at $40+ WTI. The accelerated development program brings forward value and materially increases our future free cash flow generation capability. The significant financing commitment by our largest existing investors speaks to the high-quality nature of Pipestone’s assets, as well as the support for our business plan and team," Paul Wanklyn, Pipestone Energy President and CEO.