Bankrupt canadian oil companies
Defunct companies, including acquired and merged ones. Note: many of these companies are still operating under the same name; they are just owned by others. Abitibi Power and Paper Company - now forms part of Abitibi-Consolidated. Agricore - merged with United Grain Growers Ltd. to form Agricore United. OTTAWA — The Supreme Court of Canada says the trustee for a bankrupt Alberta energy company cannot simply walk away from unprofitable wells on agricultural land without having to clean up. Haynes and Boone publishes companion reports on oilfield services companies in the Oil. field Services Bankruptcy Tracker, and for midstream companies in the . Midstream Report. For additional information on the industry, please see these reports and the Haynes and Boone . Energy Roundup . as indicators of the impact of market conditions. 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. Oilfield Services Bankruptcy Tracker , which includes details on oilfield services companies that have filed for bankruptcy since the beginning of 2015 - most recent update: December 31, 2019. The 1988 acquisition of Centerra Energy Ltd. made Husky a top 10 Canadian oil company. After a turbulent couple decades, Husky reasserted itself as a major Canadian petroleum company in 2000 by purchasing Renaissance Energy Ltd. in a $ 3.02 billion deal. Canadian Natural Resources. One of the few organically homegrown and wholly Canadian oil companies on our list, Canadian Natural Resources Ltd. ( CNQ) was founded in 1973 (in Calgary, naturally) and spent its first 20 years or so in relative obscurity. That changed almost overnight with the accelerated development of the Athabasca sands,
Harvest is an independent oil and gas company engaged in the efficient operation from Chapter 11 of the U.S. Bankruptcy Code as Harvest Oil & Gas Corp.
Accel Canada, a Calgary, Alberta-based oil and gas company, obtained two related companies based in Cambridge Bay, Nunavut, filed for bankruptcy on 6 Feb 2020 But as companies in the Alberta oil patch struggle to stay afloat after a 2014 When the operators are bankrupt or insolvent, the wells are 27 Jan 2020 A new report shows that oil and gas bankruptcies were again on the rise in 2019. Law firm Haynes and Boone recently released its updated Energy Canada overall had 18 oil and gas producer bankruptcy filings. List of companies that filed a CCAA proceedings as of September 18, 2009. Ranch Energy Corporation, OpsMobil Inc., 173163 Alberta Inc., 1859821 Alberta 25 Jun 2019 Energy companies dominate the Canadian stock market, and a few of production company" changed names in 2015, declared bankruptcy in 3 Mar 2020 An Alberta-based trucking company serving the province's dying oilpatch has closed its doors due to a creditor-imposed bankruptcy. 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
27 Jan 2017 Oil and Gas company bankruptcy outlook for 2017 for bankruptcy since the start of 2015 (including Chapter 7, 11, 15 and Canadian cases).
31 Jan 2019 Court of Canada has reversed a ruling that prevented the Alberta Energy Regulator from seizing assets of a bankrupt energy company to pay 16 Feb 2016 Consulting and audit firm Deloitte put out its findings after closely examining 500 publicly-traded oil and natural gas exploration and production 4 Feb 2019 The Supreme Court of Canada's recent ruling that bankrupt oil and gas companies must clean up abandoned drilling sites before paying off 15 Sep 2016 Last month the company became the 102nd U.S. or Canadian oil and gas company to file for bankruptcy since the start of last year, according Upholding the polluter-pays principle when bankrupt companies leave oil and The case centred on Redwater Energy, an Alberta oil and gas company that 8 Feb 2019 Alberta has an industry-funded reserve to address orphaned oil and gas wells, but it is underfunded. Bankrupt energy companies in Canada must
Canadian Natural Resources. One of the few organically homegrown and wholly Canadian oil companies on our list, Canadian Natural Resources Ltd. ( CNQ) was founded in 1973 (in Calgary, naturally) and spent its first 20 years or so in relative obscurity. That changed almost overnight with the accelerated development of the Athabasca sands,
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 Accel Canada, a Calgary, Alberta-based oil and gas company, obtained two related companies based in Cambridge Bay, Nunavut, filed for bankruptcy on 6 Feb 2020 But as companies in the Alberta oil patch struggle to stay afloat after a 2014 When the operators are bankrupt or insolvent, the wells are 27 Jan 2020 A new report shows that oil and gas bankruptcies were again on the rise in 2019. Law firm Haynes and Boone recently released its updated Energy Canada overall had 18 oil and gas producer bankruptcy filings.
25 Jun 2019 Energy companies dominate the Canadian stock market, and a few of production company" changed names in 2015, declared bankruptcy in
Dalmac Energy, a trucking company serving Canada’s struggling oilpatch, has shut down as a creditor-imposed bankruptcy looms. Alberta-based Dalmac ceased operations abruptly on Jan. 27 as a court-appointed receiver assumed control over the firm, CEO John Babic told FreightWaves. When oil was above US$100 per barrel, companies were willing to spend anything to boost production, as nearly every project was economically viable. With oil at US$50 per barrel, caution is in style. That’s killing oil services companies that make money off exploration and drilling activities. Bankrupt oil companies are saddling Alberta landowners with ‘orphan wells’ The Orphan Well Association is tasked with cleaning up the environmental messes left behind, but it’s having Canadian Spirit Resources Inc. – $0.22. Oil & Gas Exploration and Production. Canadian Spirit Resources Inc. (CSRI) is a Canada-based natural resources company. The Company is focused on the identification and development of opportunities in the unconventional natural gas sector of the energy industry. 20 Months, 90 Bankruptcies In North-American Oil & Gas. A report published earlier this month by Haynes and Boone found that ninety gas and oil producers in the United States (US) and Canada have filed for bankruptcy from 3 January, 2015 to 1 August, 2016.
List of companies that filed a CCAA proceedings as of September 18, 2009. Ranch Energy Corporation, OpsMobil Inc., 173163 Alberta Inc., 1859821 Alberta 25 Jun 2019 Energy companies dominate the Canadian stock market, and a few of production company" changed names in 2015, declared bankruptcy in 3 Mar 2020 An Alberta-based trucking company serving the province's dying oilpatch has closed its doors due to a creditor-imposed bankruptcy.