Pieridae Energy
Pieridae Energy Limited is a Calgary-based public upstream and midstream energy company that acquires, explores, and develops petroleum and natural gas resources across Canadian regions, serving wholesale gas and liquids buyers.
- Company typePublic
- Founded2011
- HeadquartersCalgary, Canada
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Pieridae Energy does
Pieridae Energy Limited is a Calgary, Canada-based publicly traded energy company engaged in the acquisition, exploration, and development of petroleum and natural gas resources. Founded in 2011, the company trades on the TSX Venture Exchange under the symbol PEA.V (CVE:PEA) and on OTC Pink markets under PTOAF. It operates across multiple Canadian regions, holding interests in hydrocarbon assets that include natural gas, condensate, gas liquids, and sulphur production. Operating footprints referenced in affiliated disclosures span the Alberta Foothills (Waterton, Jumping Pound, Caroline) and Northeast British Columbia (Sierra/Ekwan), with the company controlling key deep-cut, sour gas processing infrastructure that also carries available excess capacity for third-party volumes.
The company has grown in part through acquisitions, most notably the August 2018 acquisition of Ikkuma Resources for approximately C$72 million and the May 2017 acquisition of Petrolia. Pieridae has historically positioned itself around large-scale LNG export development ambitions (most prominently the Goldboro LNG project association that appears in broader market context), framing the business as more than a conventional upstream producer. Founder Alfred B. Sorensen has led the company as CEO since inception, and the headcount sits in the 251-500 band.
The business model is fundamentally commodity-driven: revenue depends on realized natural gas and natural gas liquids prices, production volumes from operated and non-operated working interests, and any processing fees earned from third-party volumes passing through owned and controlled midstream infrastructure. The company's customer base largely comprises wholesale energy buyers, midstream aggregators, and downstream processors typical of the Canadian Western Canadian Sedimentary Basin. Capital has been sourced through a combination of public equity, multiple debt and convertible financings (including a C$21.6 million facility led by Alberta Investment Management Corporation in August 2024), and operating cash flow. Note that the financial figures in the source data appear materially corrupted at the unit level and cannot be relied upon for direct revenue or profitability estimation; the C$0.30 share price trading below the 50-day moving average is consistent with depressed equity valuation.
Pieridae Energy firmographics
Firmographics- Name
- Pieridae Energy
- Legal name
- Pieridae Energy Limited
- Website
- https://pieridaeenergy.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Pieridae Energy Limited is a Calgary-based public upstream and midstream energy company that acquires, explores, and develops petroleum and natural gas resources across Canadian regions, serving wholesale gas and liquids buyers.
- Ownership category
- akta.pro rank
Pieridae Energy industry classification
Industry- Product category
- Natural Gas Production & Processing
- NAICS
- Natural Gas Extraction (21113), Natural Gas Extraction (211130), Oil and Gas Extraction (211)
- SIC
- Crude Petroleum & Natural Gas (1311), Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management) (EUAAAAAM)
- akta.pro secondary industries
- Sulfur & Acid Gas Feedstocks (Sulfur, Sulfuric Acid, Mercaptans) (EUALAHAH), Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)
Keywords
Where Pieridae Energy is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Markets served
Pieridae Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain
Pieridae Energy product offering
Product offeringCore offering
Pieridae Energy acquires, explores, and develops petroleum and natural gas resources across multiple regions in Canada. The company produces and delivers natural gas along with associated by-products such as condensate, natural gas liquids, and sulphur, and operates sour-gas processing infrastructure that also supports third-party processing volumes.
Differentiator
Problem solved
Functional benefit
Products and services
- Petroleum and Natural Gas Resources
Companies that use Pieridae Energy
Customer profileIdeal customer profiles1 record
Pieridae Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pieridae Energy partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights4 records
Pieridae Energy competitors and assessment
Company assessmentDirect peers
- Tourmaline Oil Corp: Tourmaline Oil is Canada's largest natural gas producer focused on the Western Canadian Sedimentary Basin, including deep-cut and Foothills sour-gas assets in the same regions as Pieridae. Most directly comparable Canadian natural gas E&P by activity and geography.
- ARC Resources Ltd: ARC Resources is a Western Canadian conventional natural gas and light oil producer with significant liquids-rich Montney and Deep Basin exposure. Closely comparable in scale and operational focus to Pieridae.
- Peyto Exploration & Development Corp: Peyto is a pure-play Western Canadian natural gas producer with deep-cut gas processing infrastructure and a strong Foothills/Deep Basin asset base. Directly comparable in commodity focus and Alberta geography.
- Advantage Energy Ltd: Advantage Energy is a liquids-rich natural gas producer in the Montney and Glacier formations of Alberta and British Columbia. Closely comparable mid-cap Canadian natural gas E&P with infrastructure focus.
- Birchcliff Energy Ltd: Birchcliff Energy is a Montney-focused natural gas and light oil producer in northwest Alberta with significant owned processing and infrastructure — comparable mid-cap Canadian gas producer.
- Paramount Resources Ltd: Paramount Resources operates liquids-rich Montney and Duvernay assets in Alberta, with a meaningful Foothills and Deep Basin component. Comparable mid-tier Canadian upstream operator.
Broad incumbents
- Cenovus Energy Inc: Cenovus is a major integrated Canadian oil and natural gas producer with significant Western Canadian operations including gas processing. Larger, broader-portfolio peer with overlapping Alberta upstream exposure.
- Crescent Point Energy Corp: Crescent Point is a diversified Western Canadian E&P with conventional and unconventional assets. Comparable upstream operator at larger scale with broader commodity exposure.
- Enerplus Corporation: Enerplus is a North American E&P with significant Williston Basin and Marcellus natural gas exposure. Comparable publicly listed upstream operator with broader geographic footprint.
Emerging players
- Cavvy Energy: Cavvy Energy is a Calgary-based natural gas producer and custom processor operating in the Alberta Foothills (Waterton, Jumping Pound, Caroline) — the same areas tied to Pieridae's Ikkuma heritage. Closely comparable in geography and operating model; potentially a related or successor entity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights6 records
Customer concentration
Pieridae Energy social profiles
Digital presencePieridae Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pieridae Energy leadership team
Management profileNumber of profiles
Profiles1 record
Pieridae Energy funding detail
Funding detailFunding overview
Funding rounds7 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pieridae Energy M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pieridae Energy
What does Pieridae Energy do?
Pieridae Energy acquires, explores, and develops petroleum and natural gas resources across multiple regions in Canada. The company produces and delivers natural gas along with associated by-products such as condensate, natural gas liquids, and sulphur, and operates sour-gas processing infrastructure that also supports third-party processing volumes.
Is Pieridae Energy a public or private company?
Pieridae Energy is a public company. It is classified as public and is currently operating.
When was Pieridae Energy founded?
Pieridae Energy was founded in 2011. It employs 251 to 500 people.
Where is Pieridae Energy based?
Pieridae Energy is headquartered in Calgary, Canada, in the North America region.
Who are Pieridae Energy's main competitors?
Direct peers on record are Tourmaline Oil Corp, ARC Resources Ltd, Peyto Exploration & Development Corp, Advantage Energy Ltd, Birchcliff Energy Ltd and Paramount Resources Ltd. Broad incumbents are Cenovus Energy Inc, Crescent Point Energy Corp and Enerplus Corporation. Cavvy Energy is listed as an emerging player.
Does Pieridae Energy have an API?
No public API is recorded for Pieridae Energy.
What industry is Pieridae Energy in?
Pieridae Energy's product category is Natural Gas Production & Processing. Its primary akta.pro industry code is EUAAAAAM, Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management), with a secondary code of EUALAHAH, Sulfur & Acid Gas Feedstocks (Sulfur, Sulfuric Acid, Mercaptans). Its NAICS code is 21113 and its SIC code is 1311.