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Canadian Non-Operated Resources, LP ("CNOR") was a Calgary-based oil and gas company. The Company was managed by Grafton Asset Management ("GAM"), a Calgary-based oil and gas investment management firm. CNOR was led by industry veteran Richard Grafton, who has an outstanding track record in the Canadian oil and gas sector as director of multiple successful exploration and production companies.

CNOR sought to capitalize on a market environment in which there was an increasing demand for non-operating partner capital due to the vast and growing capital requirements inherent to full-scale development of unconventional resources. CNOR focused its efforts on the Western Canadian Sedimentary Basin, which was well-suited to the Company’s existing technical expertise and relationship base. During Q3 2021, CNOR's shares of Pipestone Energy Corp. (“Pipestone Energy”) were distributed to underlying owners, including Riverstone GEP Fund V and REL. CNOR was subsequently dissolved.

Pipestone Energy is an oil and gas exploration and production company with its head office located in Calgary, Alberta. The company is focused on developing its condensate rich assets in the Pipestone area of Alberta. Pipestone Energy is committed to building long term value for our shareholders and values the partnerships that it is developing within its operating community.  Pipestone Energy is the operator of a pure-play condensate-rich Montney asset in the Pipestone area near Grande Prairie, with decades of high value condensate development potential.

Find out more on the Pipestone Energy website.


Pipestone Energy Corp.

Pipestone Energy Corp.