Carlyle-backed Avenrock Energy to acquire Parallax Energy
On September 14, 2026, Avenrock Energy Inc. (“Avenrock”), a newly formed Canadian energy company backed by global investment firm The Carlyle Group Inc. (“Carlyle”), announced that it agreed to acquire Parallax Energy Operating Inc. (“Parallax”) from Carnelian Energy Capital (“Carnelian”).
Parallax owns and operates a 75% working interest in a portfolio of exploration and production assets in Alberta's East Shale Duvernay region, holding approximately 300,000 gross acres and a substantial production base focused predominantly on light oil and natural gas liquids. Its operations are supported by an extensive owned infrastructure network, including oil batteries, gas processing and water disposal facilities.
Through the acquisition, Avenrock will establish a significant operating presence in Western Canada, with a focus on the continued development of the asset base to build out a leading Western Canadian light oil platform.
Equity for the transaction will come from the Carlyle International Energy Partners (“CIEP”) platform, which focuses on energy investment opportunities globally.
The transaction is subject to customary closing conditions and regulatory approvals.
Further information can be found on Carlyle’s website.
Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Carlyle AlpInvest. With $485 billion of assets under management as of June 30, 2026, its purpose is to connect people, ideas and capital to fuel growth for companies and performance for investors.
Parallax Energy is an exploration & production company based in Calgary, formed in partnership with Carnelian Energy Capital. It has significant experience acquiring and operating assets throughout western Canada and places a strong emphasis on sustainable practices, integrating advanced technology to enhance both the efficiency and profitability of operations.