Proceedings.

Balanced Energy

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Closed
Proceeding
Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Court
Court of King's Bench of Alberta
File
2201-02699
Filings held35
Last activity22 Nov 2023
On the record1,659 days
Secured debt$24.7M
OverviewSummary updated

Balanced Energy went into court-appointed receivership under a March 7, 2022 order of the Court of Queen's Bench of Alberta, file 2201-02699, covering Balanced Energy Oilfield Services Inc., Balanced Energy Oilfield Services (USA) Inc. and Balanced Energy Holdings Inc. The Receiver took possession the same day, at which point National Bank of Canada was owed in excess of CAD 24,699,114.50 and Laurentian Bank / LBC Capital Inc. in excess of CAD 881,335.94, each secured on the property of the Debtors. The Debtors' financial statements showed total assets of CAD 37,711,167 at book value as at September 30, 2021, unaudited and unverified by the Receiver, who offered no comment on realizable value. The Receiver's unsecured creditor listing as at March 11, 2022 runs to well over a hundred Canadian and US trade suppliers, the largest being Fluidpro Oilfield Services Ltd at CAD 640,578.75. The receivership is closed.

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Case updates35 dated entries
#Order

Receivership order pronounced over the three Balanced Energy entities in Alberta file 2201-02699; the Receiver took possession of the Debtors' property that day.

Source: Receivership Order

Parties

Debtor

Balanced Energy

Receiver

FTI

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice GrosseCourt of King's Bench of Alberta2 orders, Mar 202214 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverFTIOsler, Hoskin & Harcourt LLP7 Mar 2022Service list · 7 Mar 2022
CreditorAddress for Service and Contact Information of Filing This DocumentOsler, Hoskin & Harcourt LLP30 Mar 2022Application · 30 Mar 2022
CreditorFluid Pro Oilfield ServicesParlee McLaws LLP30 Mar 2022Service list · 30 Mar 2022
CreditorLaurentian Bank of Canada LAURENTIAN BANK OF CANADAThornton Grout Finnigan LLP30 Mar 2022Service list · 30 Mar 2022
CreditorLethbridgeProfessional Corporation30 Mar 2022Service list · 30 Mar 2022
CreditorNational Bank of CanadaMLT Aikins LLP7 Mar 2022Service list · 7 Mar 2022
CreditorNational Bank of Canada NATIONAL BANK OF CANADA 600MLT Aikins LLP30 Mar 2022Service list · 30 Mar 2022
CreditorXDI Energy Solutions IncBennett Jones LLP7 Mar 2022Service list · 7 Mar 2022
Capital structureAs asserted in the filings
stated amounts, drawn to scale · the 123 smallest grouped as one mark
USD · stated amounts, drawn to scale
#Priority classCreditorAmountSource
4SecuredNational Bank of Canada · in 87 casesSecurity on the property of the Debtors — Amount is a floor: document states amount owed 'was in excess of' this figure as at the date the Receiver took possession. — debtor: Balanced Energy Oilfield Services Inc., Balanced Energy Oilfield Services (USA) Inc., and Balanced Energy Holdings Inc. · as of 7 Mar 2022$24.7MNotice and Statement of the Receiver
4SecuredLaurentian Bank / LBC Capital Inc.Security on the property of the Debtors — Amount is a floor: document states amount owed 'was in excess of' this figure as at the date the Receiver took possession. — debtor: Balanced Energy Oilfield Services Inc., Balanced Energy Oilfield Services (USA) Inc., and Balanced Energy Holdings Inc. · as of 7 Mar 2022$881KNotice and Statement of the Receiver
8UnsecuredFluidpro Oilfield Services Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$641KNotice and Statement of the Receiver
8UnsecuredJR's Pressure Service · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$491KNotice and Statement of the Receiver
8UnsecuredGT Coiled Tubing of Canada ULCdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$464KNotice and Statement of the Receiver
8UnsecuredFluid Pro Oilfield Services USA, Inc.debtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$397K USDNotice and Statement of the Receiver
8UnsecuredFerus Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$322KNotice and Statement of the Receiver
8UnsecuredTenaris Coiled Tubes, LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$292K USDNotice and Statement of the Receiver
8UnsecuredArkon Solutionsdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$291KNotice and Statement of the Receiver
8UnsecuredNOV Quality Tubingdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$236K USDNotice and Statement of the Receiver
8UnsecuredSentry Wellhead Systems LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$229K USDNotice and Statement of the Receiver
8UnsecuredLochend Energy Servicesdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$180K USDNotice and Statement of the Receiver
8UnsecuredOrich Transport Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$180KNotice and Statement of the Receiver
8UnsecuredHillstrom Crane and Inspectiondebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$179K USDNotice and Statement of the Receiver
8UnsecuredCinch Oilfield Hauling Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$173KNotice and Statement of the Receiver
8UnsecuredDC Energy Services LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$172K USDNotice and Statement of the Receiver
8UnsecuredSPS Pressure Servicesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$162KNotice and Statement of the Receiver
8UnsecuredCropac Equipment Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$152KNotice and Statement of the Receiver
8UnsecuredFourQuest Energy Inc.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$142KNotice and Statement of the Receiver
8UnsecuredRossco Crane & Rigging, Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$141K USDNotice and Statement of the Receiver
8UnsecuredJereh Canada Corporationdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$138KNotice and Statement of the Receiver
8UnsecuredParadise Inn and Conference Centre · in 4 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$137KNotice and Statement of the Receiver
8UnsecuredMountain States Pressure Service Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$130K USDNotice and Statement of the Receiver
8UnsecuredAirgas USA LLC · in 2 casesdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$122K USDNotice and Statement of the Receiver
8UnsecuredElite Crane & Riggingdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$119KNotice and Statement of the Receiver
8UnsecuredJepson Petroleum (Alberta) Ltd. · in 4 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$110KNotice and Statement of the Receiver
8UnsecuredEndless Tubingdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$104K USDNotice and Statement of the Receiver
8UnsecuredPatriot Well Solutionsdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$99K USDNotice and Statement of the Receiver
8UnsecuredCT Inspection Services LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$95.3K USDNotice and Statement of the Receiver
8UnsecuredPanther Pumping Services, LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$85.9K USDNotice and Statement of the Receiver
8Unsecureddwr consultingdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$85.3KNotice and Statement of the Receiver
8UnsecuredHalliburton Energy Services Inc.debtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$82.9K USDNotice and Statement of the Receiver
8UnsecuredCopper Tip Energy Services USA LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$80.8K USDNotice and Statement of the Receiver
8UnsecuredLund Oil Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$77.8K USDNotice and Statement of the Receiver
8UnsecuredAzoto Energy Services Ltd.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$76.8KNotice and Statement of the Receiver
8UnsecuredBaker Consulting, LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$67.3K USDNotice and Statement of the Receiver
8UnsecuredBlackstone Pipeline & Environmental Sol.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$65.4KNotice and Statement of the Receiver
8UnsecuredNOV Hydra Rigdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$61.6K USDNotice and Statement of the Receiver
8UnsecuredPrairie Sky Co Operativedebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$59KNotice and Statement of the Receiver
8UnsecuredTryson Energy Services Inc · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$52.5KNotice and Statement of the Receiver
8UnsecuredCeltic Pride Welding & Fabricatingdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$51.7KNotice and Statement of the Receiver
8UnsecuredThru Tubing Solutions · in 3 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$50.5KNotice and Statement of the Receiver
8UnsecuredOne Buck Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$50K USDNotice and Statement of the Receiver
8UnsecuredNOV Canada ULC - Hydra Rig Canadadebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$48.3KNotice and Statement of the Receiver
8UnsecuredKas Oilfield Hauling Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$46.8KNotice and Statement of the Receiver
8UnsecuredCanalta Real Estate Services Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$44.2KNotice and Statement of the Receiver
8UnsecuredBill's Garagedebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$44.2KNotice and Statement of the Receiver
8UnsecuredUnited Farmers of Alberta · in 5 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$42.7KNotice and Statement of the Receiver
8UnsecuredAH Inc.debtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$41.8K USDNotice and Statement of the Receiver
8UnsecuredChampionX LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$39.8K USDNotice and Statement of the Receiver
8UnsecuredHOODS Crane Rental Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$36.5KNotice and Statement of the Receiver
8Unsecured1924368 Alberta Ltd.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$36.2KNotice and Statement of the Receiver
8UnsecuredBrady Martz & Associates PCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$35.3K USDNotice and Statement of the Receiver
8UnsecuredRamada Clairmontdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$34.8KNotice and Statement of the Receiver
8UnsecuredCanada Life Group Netdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$32.7KNotice and Statement of the Receiver
8UnsecuredManifold Systems International Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$31KNotice and Statement of the Receiver
8UnsecuredMT Technologies LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$30.8K USDNotice and Statement of the Receiver
8UnsecuredCTI Well Servicedebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$30.3K USDNotice and Statement of the Receiver
8UnsecuredCoastal Plains Truckingdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$29.8K USDNotice and Statement of the Receiver
8UnsecuredBorsheim Crane Service LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$28.9K USDNotice and Statement of the Receiver
8UnsecuredCara Dawn Transport (2019) Ltd.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$28.5KNotice and Statement of the Receiver
8UnsecuredCT Inspection Services Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$26.8KNotice and Statement of the Receiver
8UnsecuredService Plus Inns & Suites · in 3 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$26.8KNotice and Statement of the Receiver
8UnsecuredOptiFrac Chemical Servicesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$26KNotice and Statement of the Receiver
8UnsecuredAspen Air U.S., LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$25.8K USDNotice and Statement of the Receiver
8UnsecuredQuality Tubing Canada · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$24.4KNotice and Statement of the Receiver
8UnsecuredGoliath Snubbing Ltd · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$23.7KNotice and Statement of the Receiver
8UnsecuredWalking Eagle Inn and Lodgedebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$22.6KNotice and Statement of the Receiver
8UnsecuredCore Completions LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$22.6K USDNotice and Statement of the Receiver
8UnsecuredJody Moltz Professional Corporationdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$20.8KNotice and Statement of the Receiver
8UnsecuredMatrix Chemical Solutions Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$19.9KNotice and Statement of the Receiver
8UnsecuredKnights Nitrogen Services Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$19.4KNotice and Statement of the Receiver
8UnsecuredSunstroke Flow Productsdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$19.1KNotice and Statement of the Receiver
8UnsecuredBlue Cross Blue Shield of North Dakotadebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$18.7K USDNotice and Statement of the Receiver
8UnsecuredPrecision Tube Canada ULCdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$18.1KNotice and Statement of the Receiver
8UnsecuredNOV CTESdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$18K USDNotice and Statement of the Receiver
8UnsecuredCJM Crane Services Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$17.3KNotice and Statement of the Receiver
8UnsecuredTravelodge Brooksdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$16.9KNotice and Statement of the Receiver
8UnsecuredHall Trucking Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$16.5K USDNotice and Statement of the Receiver
8UnsecuredGEOTrac Systems Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$16.4KNotice and Statement of the Receiver
8UnsecuredLee Specialty Seals Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$15.5KNotice and Statement of the Receiver
8UnsecuredLandstar Ranger Inc · in 2 casesdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$15.5K USDNotice and Statement of the Receiver
8UnsecuredAbsolute Heavy Duty Mechanics Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$15KNotice and Statement of the Receiver
8UnsecuredKal Tire · in 30 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$14.7KNotice and Statement of the Receiver
8UnsecuredHoliday Inn Express - Red Deer Northdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$14.6KNotice and Statement of the Receiver
8UnsecuredDAS Nitrogen Services Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$14.6KNotice and Statement of the Receiver
8UnsecuredTitan Liner Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$14.5K USDNotice and Statement of the Receiver
8UnsecuredMotion Industries, (Canada) Inc · in 3 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$14.4KNotice and Statement of the Receiver
8UnsecuredLee Specialties Rentalsdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$13.5KNotice and Statement of the Receiver
8UnsecuredAnytime Hydroexcavation Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$12.7K USDNotice and Statement of the Receiver
8UnsecuredBlack Diamond Energy Solutions Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$12.7KNotice and Statement of the Receiver
8UnsecuredDarcy's Mobile Crane Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$12.6KNotice and Statement of the Receiver
8UnsecuredPro N2 Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$12.3KNotice and Statement of the Receiver
8UnsecuredOil City Crane Service Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$12.2KNotice and Statement of the Receiver
8UnsecuredRichards Transport Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$12KNotice and Statement of the Receiver
8UnsecuredTopco Oilsite Products Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$11.7KNotice and Statement of the Receiver
8Unsecured281 Transport LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$11.5K USDNotice and Statement of the Receiver
8UnsecuredRTL Equipment Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$11.5K USDNotice and Statement of the Receiver
8UnsecuredMcClelland Oilfield Rentals Ltd · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$11.1KNotice and Statement of the Receiver
8UnsecuredMax Fuel Distributors · in 3 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$10.8KNotice and Statement of the Receiver
8UnsecuredCoach, Truck & Tractor, LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$10.6K USDNotice and Statement of the Receiver
8UnsecuredN. Murray Holdings Inc.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$10.2KNotice and Statement of the Receiver
8UnsecuredCypress Communications Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$10.1KNotice and Statement of the Receiver
8UnsecuredOverland Transport Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$10.1KNotice and Statement of the Receiver
8UnsecuredCS&P Technologies, LPdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$9.99KNotice and Statement of the Receiver
8UnsecuredMountain Supply & Service, LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$9.98K USDNotice and Statement of the Receiver
8UnsecuredNamco Machine & Gear Works Ltd · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$9.5KNotice and Statement of the Receiver
8UnsecuredNorthern Metalic Sales Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$9.2KNotice and Statement of the Receiver
8UnsecuredRB Oilfield Hauling Inc · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$8.82KNotice and Statement of the Receiver
8UnsecuredCummins Sales and Servicesdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$8.78K USDNotice and Statement of the Receiver
8UnsecuredForum Canada ULC · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$8.45KNotice and Statement of the Receiver
8UnsecuredDeck It Towing & Hauling Ltd.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$8.08KNotice and Statement of the Receiver
8UnsecuredWainbee Limited · in 9 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$7.51KNotice and Statement of the Receiver
8UnsecuredRolfson Oil, LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$7.44K USDNotice and Statement of the Receiver
8UnsecuredGeorge Dawson Inn - Dawson Creekdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$6.76KNotice and Statement of the Receiver
8UnsecuredSun Life Financial · in 8 casesdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$6.73K USDNotice and Statement of the Receiver
8UnsecuredCanyon Rigging Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$6.65KNotice and Statement of the Receiver
8Unsecured3 Forks Servicesdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$6.65K USDNotice and Statement of the Receiver
8UnsecuredAbsolute Safety Products & Services Ltd · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$6.21KNotice and Statement of the Receiver
8UnsecuredMicron Industries Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$6KNotice and Statement of the Receiver
8UnsecuredSirius XM Canada Inc.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$5.8KNotice and Statement of the Receiver
8UnsecuredYYC BI Consulting Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$5.46KNotice and Statement of the Receiver
8UnsecuredWinter Well Servicing Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$5.37KNotice and Statement of the Receiver
8UnsecuredTubing 2000 Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$5.25KNotice and Statement of the Receiver
8UnsecuredCanalta Real Estate Services Ltd /SMH Management Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$5.24KNotice and Statement of the Receiver
8UnsecuredRocky 8 Motel Ltd · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$5.19KNotice and Statement of the Receiver
8UnsecuredO.K. Tire Store - Watforddebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$5.19K USDNotice and Statement of the Receiver
8UnsecuredDirect Energy · in 38 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$5.07KNotice and Statement of the Receiver
8UnsecuredJandreau Trucking Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$5K USDNotice and Statement of the Receiver
8UnsecuredLandriault Transport Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$5K USDNotice and Statement of the Receiver
8UnsecuredRed Coat Industries Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$4.83KNotice and Statement of the Receiver
8UnsecuredBluewave Energy · in 20 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$4.77KNotice and Statement of the Receiver
8UnsecuredSelect Energy Systemsdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$4.49KNotice and Statement of the Receiver
8UnsecuredJ.D.A Ventures Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$4.46KNotice and Statement of the Receiver
8UnsecuredCanary, LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$4.15K USDNotice and Statement of the Receiver
8UnsecuredSekura Bros. Inc.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$4.05KNotice and Statement of the Receiver
8UnsecuredWilliams Scotsman, Inc · in 2 casesdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$3.55K USDNotice and Statement of the Receiver
8UnsecuredOSP Microcheck Inc.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$3.48KNotice and Statement of the Receiver
8UnsecuredPetroleum Services Association of Canada · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$3.48KNotice and Statement of the Receiver
8UnsecuredImperial Parking Canada Corporation · in 3 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$3.19KNotice and Statement of the Receiver
8UnsecuredLostt Rentals Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$3.15KNotice and Statement of the Receiver
8UnsecuredHSEvolutiondebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.94KNotice and Statement of the Receiver
8UnsecuredHoliday Inn Express - Red Deer Southdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.88KNotice and Statement of the Receiver
8UnsecuredParadise Inn and Suitesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.79KNotice and Statement of the Receiver
8UnsecuredSysGen Solutions Groupdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.73KNotice and Statement of the Receiver
8UnsecuredRamada Whitecourtdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.68KNotice and Statement of the Receiver
8UnsecuredCanadian Professional Cleaning Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.67KNotice and Statement of the Receiver
8UnsecuredAllied Distributors (Brooks) Ltd · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.65KNotice and Statement of the Receiver
8UnsecuredTravelodge Weyburndebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.63KNotice and Statement of the Receiver
8UnsecuredNexus Energy Technologies Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.55KNotice and Statement of the Receiver
8UnsecuredTEAM Professional Services, Inc. · in 2 casesdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$2.34K USDNotice and Statement of the Receiver
8UnsecuredApex Distribution Inc · in 6 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.3KNotice and Statement of the Receiver
8UnsecuredMountain View Inn & Suitesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.27KNotice and Statement of the Receiver
8UnsecuredExtreme Shale Performance LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$2.24K USDNotice and Statement of the Receiver
8UnsecuredNorth West Crane Enterprises Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.17KNotice and Statement of the Receiver
8Unsecured1208708 Alberta Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.14KNotice and Statement of the Receiver
8UnsecuredDiversified Chain & Rigging Incdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.1KNotice and Statement of the Receiver
8UnsecuredHoliday Inn Express Hotel & Suites-Edsondebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.06KNotice and Statement of the Receiver
8UnsecuredQuick Silver Wireline Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$2.05KNotice and Statement of the Receiver
8UnsecuredSecure Energy (Drilling Services) Inc · in 7 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$1.89KNotice and Statement of the Receiver
8UnsecuredSource Industrial Drayton Valley Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$1.89KNotice and Statement of the Receiver
8UnsecuredAmerican Welding & Gas Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$1.5K USDNotice and Statement of the Receiver
8UnsecuredTelus Communications · in 39 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$1.12KNotice and Statement of the Receiver
8UnsecuredWaste Connections of Canada Inc. · in 49 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$919Notice and Statement of the Receiver
8UnsecuredStampede Crane & Rigging Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$788Notice and Statement of the Receiver
8UnsecuredBearCom Canada Corp · in 3 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$785Notice and Statement of the Receiver
8UnsecuredRED-L Distributors Ltd · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$781Notice and Statement of the Receiver
8UnsecuredKotana Communicationsdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$758 USDNotice and Statement of the Receiver
8UnsecuredATA Welding Services Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$693Notice and Statement of the Receiver
8UnsecuredDrayton Valley Auto Parts Ltd. · in 2 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$664Notice and Statement of the Receiver
8UnsecuredAstro-Chem Lab, Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$621 USDNotice and Statement of the Receiver
8UnsecuredCMT Logistics Inc.debtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$567Notice and Statement of the Receiver
8UnsecuredTank Tech Oilfield Services Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$557Notice and Statement of the Receiver
8UnsecuredRamada High Riverdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$548Notice and Statement of the Receiver
8UnsecuredPearce Durick PLLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$495 USDNotice and Statement of the Receiver
8UnsecuredAir Liquide Canada Inc · in 24 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$466Notice and Statement of the Receiver
8UnsecuredQuality Inn & Suitesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$422Notice and Statement of the Receiver
8UnsecuredLee Specialties Rentals (USA) LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$387 USDNotice and Statement of the Receiver
8UnsecuredRiggins, John MIndividual creditor named on the listing — debtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$380 USDNotice and Statement of the Receiver
8UnsecuredWallwork Truck Centerdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$306 USDNotice and Statement of the Receiver
8UnsecuredStericycle ULC · in 11 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$288Notice and Statement of the Receiver
8UnsecuredVincent Communication and Controls Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$273Notice and Statement of the Receiver
8UnsecuredDeringer · in 8 casesdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$207 USDNotice and Statement of the Receiver
8UnsecuredLinde Gas & Equipment Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$203 USDNotice and Statement of the Receiver
8UnsecuredMessage Center, Incdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$181 USDNotice and Statement of the Receiver
8UnsecuredDrayton Valley Utilitydebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$163Notice and Statement of the Receiver
8UnsecuredTitan Health & Safety Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$163Notice and Statement of the Receiver
8UnsecuredG&G Garbage LLCdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$150 USDNotice and Statement of the Receiver
8UnsecuredHoliday Inn Express & Suites - Whitecourtdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$146Notice and Statement of the Receiver
8UnsecuredSask Power · in 3 casesdebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$124Notice and Statement of the Receiver
8UnsecuredSouth Country Co-op Ltddebtor: Balanced Energy Oilfield Services Inc. · as of 11 Mar 2022$86Notice and Statement of the Receiver
8UnsecuredUnited Quality Coopdebtor: Balanced Energy Oilfield Services (USA) Inc. · as of 11 Mar 2022$10 USDNotice and Statement of the Receiver
RecoveriesAs stated in the filings

Unsecured creditors: no distribution. LBEL Inc. paid in full · National Bank of Canada a distribution.EstimatedThird Report of the Receiver · 24 Apr 2022

ClassCreditorClaimsRecoveryBasisSource
SecuredLBEL Secured DebtLBEL Inc.—paid in fullper the receiverApplication of the Receiver · 30 May 2022
SecuredNBC Secured DebtNational Bank of Canada—a distributioninterimper the receiverApplication of the Receiver · 30 May 2022
Unsecured——no distributionEstimatedper the receiverThird Report of the Receiver · 24 Apr 2022

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived
Total assets at filing$37.7M

As at 30 Sep 2021 · per Book value as stated in the financial statements of the Debtor; not audited, reviewed, or verified by the Receiver · Balanced Energy Oilfield Services Inc., Balanced Energy Oilfield Services (USA) Inc., and Balanced Energy Holdings Inc. (the Debtors, as described in the Receiver's Notice and Statement) — Receiver provides no comment on realizable value of the assets; total liabilities not stated in this document.

Documents
35 filings
DateDocumentFile
Affidavit of Dustin OlverPDF
ORDER (Approval of Accounts, Approval of Fees, and Discharge of Receiver)
  • Presiding officer Justice B.E.C. Romaine
PDF
Order Granting Final DecreePDF
APPLICATION (Approval of Accounts and Activities, Approval of Fees, and Discharge of Receiver)PDF
Third Report of the Receiver
  • Recovery outcome Entries: per estimated · Stated on: 2022-04-24 · Table missing:
PDF
Distribution Order
  • Presiding officer Justice R. A. Neufeld
PDF
Application of the Receiver returnable June 10, 2022
  • Recovery outcome Entries: per unstated; per unstated · Table missing:
PDF
Proof of Filing - Application of the Receiver returnable June 10, 2022PDF
Proof of Filing - Second Report of the Receiver, dated May 30, 2022PDF
Second Report of the Receiver
  • Recovery outcome Entries: per estimated; per estimated · Stated on: 2022-05-30 · Table missing:
PDF
Chapter 15 Recognition OrderPDF
Order Directing Joint Administration of CasesPDF
Order Granting Provisional ReliefPDF
Order Scheduling Recognition HearingPDF
Order Granting Interim Joint AdministrationPDF
Receiver's Emergency Application for Joint AdministrationPDF
Receiver's Emergency Application for ReliefPDF
Verified PetitionPDF
Application of the Receiver returnable March 30, 2022PDF
Approval and Reverse Vesting OrderPDF
Approval and Vesting OrderPDF
Approval of Sales Solicitation Process and Stalking Horse Term SheetPDF
Proof of Filing - Application of the Receiver returnable March 30, 2022
  • Counsel Osler, Hoskin & Harcourt LLP
PDF
Restricted Court Access Order
  • Presiding officer Justice J.T. Nielson
PDF
Service List
  • Counsel Jody Moltz Professional Corporation
PDF
First Report of the ReceiverPDF
Proof of Filing - First Report of the Receiver, dated March 21, 2022PDF
Notice and Statement of the Receiver
  • Financial position Assets $37.7M · as at 30 Sep 2021 · per Book value as stated in the financial statements of the Debtor; not audited, reviewed, or verified by the Receiver · Balanced Energy Oilfield Services Inc., Balanced Energy Oilfield Services (USA) Inc., and Balanced Energy Holdings Inc. (the Debtors, as described in the Receiver's Notice and Statement) — Receiver provides no comment on realizable value of the assets; total liabilities not stated in this document.
  • Secured creditors $24.7M · Note: Amount is a floor: document states amount owed 'was in excess of' this figure as at the date the Receiver took possession. · Page: 3 · As of: 2022-03-07 · Debtor: Balanced Energy Oilfield Services Inc., Balanced Energy Oilfield Services (USA) Inc., and Balanced Energy Holdings Inc. · Creditor: National Bank of Canada · Security: Security on the property of the Debtors
  • Unsecured creditors $567 · Page: 5 · As of: 2022-03-11 · Basis: Unsecured Creditor Listing as reported by the Receiver · Debtor: Balanced Energy Oilfield Services Inc. · Creditor: CMT Logistics Inc.
PDF
Affidavit of Dana Ades Landy - sworn February 28, 2022PDF
Consent to Act as ReceiverPDF
Letter to Service List
  • Counsel FTI Consulting Inc. OSLER, HOSKIN & HARCOURT LLP
PDF
Notice of Application
  • Counsel Mlt Aikins LLP
PDF
Receivership Order
  • Commencement date 7 March 2022
  • Court COURT OF QUEEN'S BENCH OF ALBERTA
  • Court file no 2201-02699
  • Presiding officer Justice A.D. Grosse
PDF
Sealing Order
  • Presiding officer Justice A.D. Grosse
PDF
Statement of ClaimPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Balanced Energy” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/balanced-energy

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Sources last checked · summary updated 21 August 2026 · Report a correction · Printed from proceedings.ca/case/balanced-energy

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.