Cavvy Energy Ltd., which changed its name from Pieridae Energy Limited in May 2025, is an upstream and midstream energy company operating in Western Canada. The company's core business involves the exploration, extraction, and processing of conventional natural gas, natural gas liquids (NGLs), condensate, and sulphur. Its footprint spans over one million gross acres in the Canadian Foothills, with principal land holdings in Alberta and northeast British Columbia. Cavvy Energy's upstream operations produce approximately 33,000 barrels of oil equivalent per day, heavily weighted toward natural gas. On the midstream side, the company owns and operates three major deep-cut, sour gas processing complexes—Waterton, Caroline, and Jumping Pound—along with an extensive network of pipelines. In 2024, the company completed the sale of its Goldboro LNG assets, finalizing its strategic pivot away from East Coast liquefied natural gas development to focus entirely on its E&P and midstream operations in Western Canada.
