Alberta oil company bankruptcies

Corporate insolvencies were also up in Alberta in 2018, by approximately five per cent. However, the oil and gas sector specifically saw a steep decline in bankruptcies — an almost 50 per cent 1:39 Alberta-based oil and gas company cites gas prices, tax bills, court decision as it shuts down Alberta-based oil and gas company cites gas prices, tax bills, court decision as it shuts down After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019. The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from Bankrupt oil companies are saddling Alberta landowners with ‘orphan wells’ When quadding this spring on his land just southeast of Didsbury, Alta., 59-year-old Pat Williams can’t miss the herd of Oil Patch Bankruptcy Monitor, which includes details on oil and gas producers that have filed for bankruptcy since the beginning of 2015 - most recent update: December 31, 2019. PUBLISHED - Sep 6, 2019. Alberta business bankruptcies increased 53.8% year over year from 13 to 20 in July 2019. Consumer bankruptcies in Alberta increased by 11.5% from 427 in July 2018, to 476 in July 2019.

In 2015, two Alberta courts found in favour of the oil and gas company Redwater Energy's receiver against the AER. Redwater had filed for bankruptcy as a

Strategic Oil & Gas (TSX-V: SOG), a Calgary Alberta-based junior oil and gas related companies based in Cambridge Bay, Nunavut, filed for bankruptcy on 23 Jan 2020 Bankruptcies among U.S. and Canadian oil companies last year rose by 50 percent and could continue rising this year. 23 Jan 2020 U.S. and Canadian oil and natural gas exploration and production company bankruptcies totaled 42 in 2019, up from 28 in 2018, the law firm

3 Mar 2020 An Alberta-based trucking company serving the province's dying oilpatch has closed its doors due to a creditor-imposed bankruptcy.

Bankrupt oil companies are saddling Alberta landowners with ‘orphan wells’ When quadding this spring on his land just southeast of Didsbury, Alta., 59-year-old Pat Williams can’t miss the herd of Oil Patch Bankruptcy Monitor, which includes details on oil and gas producers that have filed for bankruptcy since the beginning of 2015 - most recent update: December 31, 2019. PUBLISHED - Sep 6, 2019. Alberta business bankruptcies increased 53.8% year over year from 13 to 20 in July 2019. Consumer bankruptcies in Alberta increased by 11.5% from 427 in July 2018, to 476 in July 2019. records list. Below is a list of all companies that have been granted protection under the Companies' Creditors Arrangement Act (CCAA) since September 18, 2009.The CCAA is a federal law allowing insolvent corporations that owe their creditors in excess of $5 million to restructure their business and financial affairs. For details about a particular record, click on the company name. The pace of oil patch bankruptcies is picking up. According to a new count from Houston law firm Haynes & Boone, April saw 11 bankruptcy filings, the most of any month in the past two years. The headline failures that month were Ultra Petroleum , which buckled under $3.9 billion in debt, View a list of current PwC insolvency assignments. Complete List. Please note that information may not be available at this time for all current PwC insolvency assignments.

22 Jan 2020 The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to

25 Apr 2019 Redwater, an Alberta oil and gas company, went bankrupt in 2015. At that time, it owned oil and gas facilities that included 19 producing wells The case centred on Redwater Energy, an Alberta oil and gas company that went When Redwater went bankrupt, it left behind abandoned oil and gas wells 2 May 2019 The bankruptcy of an energy company that plans to walk away from Herald, a vice-president with the Canadian Association of Petroleum 21 Nov 2019 As more wells are not reclaimed due to companies going bankrupt, Oil and gas activity in the province is regulated by the Alberta Energy 10 May 2016 Oil company bankruptcies accelerated over the past few weeks as the recent rise in prices proved too little, too late for firms struggling to pay

What started as the insolvency of a small oil and gas company with about 100 His decision and reasons were affirmed by the Alberta Court of Appeal almost a year later, On October 28, 2015, a bankruptcy order was issued for Redwater,

29 Jan 2020 A well left behind by a bankrupt oil and gas company is standing in the way of Dwight Popowich's retirement plan. The well is currently sitting 24 Dec 2019 In over their heads with debt, U.S. shale oil and gas firms are now now begging for taxpayer money to clean up Alberta's abandoned oil wells 1749049 Alberta Ltd. Notice of Intention to Make a Proposal, 2/17/2015 Athabaskan Resource Company Limited Partnership, Bankruptcy, 10/14/2016 Lone Pine Resources (Holding) Inc., Wiser Delaware LLC, and Wiser Oil Delaware, shaken the foundation of Alberta's oil and gas liability management programs. Landowners appointed in the case of a bankrupt oil and gas company. Houston Oil & Gas Ltd. RECEIVERSHIP PROCEEDING. On October 29, 2019, the Court of Queen's Bench of Alberta (the “Court”) granted an 3 Mar 2020 An Alberta-based trucking company serving the province's dying oilpatch has closed its doors due to a creditor-imposed bankruptcy. 31 Jan 2019 When Redwater went bankrupt, Alberta's provincial energy regulator ordered Grant Thornton to comply with end-of-life requirements to render