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Pipestone Energy names new COO

Calgary, Alberta-based oil and gas producer Pipestone Energy Corp. named Dustin Hoffman COO, effective Sept. 9.

Hoffman will work with current Senior Vice President and COO Robert William Rosine on the transition, according to an Aug. 15 news release. Hoffman previously held senior management roles at Canadian exploration and production company Encana Corp.

In addition, Pipestone Energy said it closed an agreement with NGL-focused company Tidewater Midstream & Infrastructure Ltd. to support the development of its East Battery gas processing facilities. Pipestone Energy plans to use the deal proceeds of approximately C$14 million to complete three delineation wells on one of its well pads in the eastern Montney production area.