Proceedings.

Cabot Energy Inc.

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Closed
Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
Court
Court of King's Bench of Alberta
File
2501-19519
Filings held37
Last activity27 May 2026
On the record286 days
OverviewSummary updated

Cabot Energy Inc. has been under CCAA protection since an initial order of the Court of King's Bench of Alberta at Calgary on December 9, 2025 (file 2501 19519), with KSV as Monitor and a $100,000 Administration Charge ranking ahead of other security interests and secured claims. The company held licences for 20 oil wells and 15 shallow gas wells producing approximately 200 BOE per day, most of them on Crown lands. A sale process approved on December 18, 2025 ran to a Phase 1 deadline of noon on February 12, 2026, and approval and vesting orders followed on April 28 and May 27, 2026, with Red Angus Energy Inc. and Tuscany Petroleum Ltd. named as purchasers. The Monitor reports the marketable property sold, the remaining oil and gas assets unsaleable and expected to transition to the Orphan Well Association, and recommends termination of the proceedings and its discharge.

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Case updates38 dated entries

35 earlier updates, back to 9 December 2025 — subscribers.

Parties

Debtor

Cabot Energy Inc.

Monitor

KSV

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MarionCourt of King's Bench of Alberta6 orders, Dec 2025 – Apr 202624 cases on record
Justice BourqueCourt of King's Bench of Alberta2 orders, Apr 202628 cases on record
Justice HarrisCourt of King's Bench of Alberta2 orders, Dec 202521 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorKSVBennett Jones LLP26 May 2026Service list · 26 May 2026
DebtorCabot Energy Inc.Stikeman Elliott LLP28 Nov 2025Affidavit · 28 Nov 2025
Interim lenderBlue Spark Energy IncCassels Brock & Blackwell LLP26 May 2026Service list · 26 May 2026
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Court-ordered chargesAdministration Charge — shall rank in priority to all other security interests, trusts, liens, charges and encumbrances, claims of secured creditors, statutory or otherwise$100KInitial Order dated December 9, 2025
32 more claims across lower-ranking classesSubscribe to view⁠
Sale processPer the transactions

2 transactions · 2 approvedAmended Order (Sale Approval and Vesting) filed June 1, 2026 · 27 May 2026

Bid deadline (round closed)

26 February 2026

SISP Order filed January 2, 2026

Phase 1 deadline

12 February 2026

SISP Order filed January 2, 2026

PurchaserPriceStatusSource
Red Angus Energy Inc.not statedApproved28 Apr 2026Sale Approval and Vesting Order - Red Angus…
Tuscany Petroleum Ltd.not statedApproved28 Apr 2026Sale Approval and Vesting Order - Tuscany filed…
Closing termsVesting of the Purchased Assets in the Purchaser occurs upon delivery of a Monitor's Closing Certificate, subject to approval by the Alberta Energy Regulator of transfer of applicable licenses, permits and approvalsAmended Order (Sale Approval and Vesting) filed June 1, 2026
RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Fees and ratesAs stated in the filings

2 engagements · 2 firms — latest: Bennett Jones LLP, Taxation PeriodFourth Report of the Monitor filed May 19, 2026 · 19 May 2026

FirmPeriodHoursFeesRatesSource
Bennett Jones LLPCounselTaxation PeriodSought———Fourth Report of the Monitor filed May 19, 2026 · 19 May 2026
KSV Restructuring Inc.MonitorTaxation PeriodSought———Fourth Report of the Monitor filed May 19, 2026 · 19 May 2026
8 stated figures across 2 engagements, each sourcedSubscribe to view⁠
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Cumulative receipts

$427K

As at 19 May 2026Fourth Report of the Monitor filed May 19, 2026

2 more reported figures, as at 19 May 2026Subscribe to view⁠
Documents
37 filings
DateDocumentFile
Amended Order (Sale Approval and Vesting) filed June 1, 2026
  • Closing terms Vesting of the Purchased Assets in the Purchaser occurs upon delivery of a Monitor's Closing Certificate, subject to approval by the Alberta Energy Regulator of transfer of applicable licenses, permits and approvals
  • Order date 27 May 2026
  • Purchaser Tuscany Petroleum Ltd.
PDF · Subscribers
Order (CCAA Termination & Ancillary Relief) filed May 27, 2026
  • Court Court of King's Bench of Alberta
  • Debtor names Cabot Energy Inc.
  • Monitor KSV Restructuring Inc.
  • Order date 27 May 2026
  • + 2 more extracted facts
PDF · Subscribers
Service List dated May 26, 2026
  • Counsel Cassels Brock & Blackwell LLP
PDF · Subscribers
Application by Monitor filed May 19, 2026PDF · Subscribers
Fourth Report of the Monitor filed May 19, 2026
  • Operational summary The CCAA Proceedings have resulted in a sale of the Applicant's marketable Property, with the remaining oil and gas assets being unsaleable and expected to transition to the Orphan Well Association; the Monitor recommends termination of the CCAA Proceedings and its discharge.
  • Cash on hand · Fee schedule · Professional fees Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Monitor's Certificate filed May 8, 2026PDF · Subscribers
Monitor's Certificate filed May 8, 2026 (2)PDF · Subscribers
Order (Restricted Court Access for Summary of Bids and Purchase Price of APAs) filed April 30, 2026
  • Court Court of King's Bench of Alberta, Calgary
  • Debtor names Cabot Energy Inc.
  • Order date 28 April 2026
  • Presiding officer Justice Bourque
  • + 1 more extracted fact
PDF · Subscribers
Order (Stay Extension and Releases) filed April 30, 2026
  • Court Court of King's Bench of Alberta
  • Debtor names Cabot Energy Inc.
  • Monitor KSV Advisory Inc.
  • Order date 28 April 2026
  • + 3 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order - Red Angus filed April 30, 2026
  • Closing terms Closing requires: (i) payment by the Purchaser of the Purchase Price for the Purchased Assets; (ii) satisfaction or waiver of the conditions to Closing set out in the Sale Agreement; and (iii) completion of the Transaction to the satisfaction of the Monitor, confirmed by delivery of the Monitor's Closing Certificate.
  • Order date 28 April 2026
  • Purchaser Red Angus Energy Inc.
PDF · Subscribers
Sale Approval and Vesting Order - Tuscany filed April 30, 2026
  • Closing terms Upon delivery of a Monitor's certificate to the Purchaser (or its nominee) substantially in the form set out in Schedule "A" (the "Monitor's Closing Certificate"), all of the Applicant's right, title and interest in and to the Purchased Assets shall vest absolutely in the name of the Purchaser (or its nominee), free and clear of all Claims, subject only to approval by the Alberta Energy Regulator of transfer of licenses, permits and approvals.
  • Order date 28 April 2026
  • Purchaser Tuscany Petroleum Ltd.
PDF · Subscribers
Third Report of the Monitor dated April 28, 2026
  • Operational summary For the Post-Filing Reporting Period, the Applicant’s actual cash balances were higher than forecast, primarily due to timing differences in disbursements.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Affidavit of Megan Smith sworn April 27, 2026PDF · Subscribers
Application filed April 24, 2026PDF · Subscribers
Fourth Affidavit of Scott Aitken sworn April 24, 2026PDF · Subscribers
Order (Stay Extension and Adjournment) filed April 11, 2026
  • Court Court of King's Bench of Alberta
  • Debtor names Cabot Energy Inc.
  • Monitor KSV Advisory Inc.
  • Order date 30 March 2026
  • + 3 more extracted facts
PDF · Subscribers
Affidavit of Sheila Hyatt sworn March 30, 2026PDF · Subscribers
Second Report of the Monitor dated March 30 2026
  • Operational summary For the Post-Filing Reporting Period, the Applicant’s actual cash balances were below forecast, primarily due to timing differences in interim funding and lower-than-expected operating receipts arising from production challenges caused by extreme cold weather affecting its producing licensed oil and gas assets.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Affidavit of Laura Chant affirmed March 27 2026 (with Exhibits)PDF · Subscribers
Application (Transaction Approval and Vesting Order, Sealing Order) dated March 24, 2026
  • Presiding officer Justice Marion
PDF · Subscribers
Third Affidavit of Scott Aitken sworn March 24, 2026PDF · Subscribers
ARIO Order filed January 2, 2026
  • Order date 18 December 2025
  • Stay expiry 30 March 2026
PDF · Subscribers
SISP Order filed January 2, 2026
  • Bid deadline 2025-02-26T12:00:00-07:00
  • Commencement date 9 January 2026
  • Court COURT OF KING'S BENCH OF ALBERTA
  • Break fee Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Order (Restricted Court Access Order) filed December 23, 2025
  • Court Court of King's Bench of Alberta
  • Debtor names Cabot Energy Inc.
  • Monitor KSV Restructuring Inc.
  • Order date 18 December 2025
  • + 2 more extracted facts
PDF · Subscribers
Amended and Restated Initial Order filed December 17, 2025
  • Order date 18 December 2025
  • Stay expiry 30 March 2026
PDF · Subscribers
First Report of the Monitor filed December 17, 2025
  • Operational summary The Applicant operates as an oil and gas operator and producer with wells producing approximately 200 BOE per day. The Applicant holds licenses for 20 oil wells and 15 shallow gas wells, the majority of which are located on Crown lands.
  • Cash on hand · Professional fees · Receipts cumulative Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Order (Approving Sale and Investment Solicitation Process) filed December 17, 2025
  • Bid deadline 2025-02-26T12:00:00-07:00
  • Order date 18 December 2025
  • Phase1 deadline 2026-02-12T12:00:00-07:00
  • Break fee Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Order (Restricted Court Access Order) filed December 17, 2025
  • Court Court of King's Bench of Alberta
  • Debtor names Cabot Energy Inc.
  • Monitor KSV Restructuring Inc.
  • Order date 18 December 2025
  • + 2 more extracted facts
PDF · Subscribers
Supplementary Affidavit #2 of Scott Aitken sworn December 16, 2025PDF · Subscribers
Application (AIRO and SISP) filed December 15, 2025
PDF · Subscribers
Affidavit #2 of Scott Aitken sworn Dec 12 2025PDF · Subscribers
CCAA Notice to Creditors dated December 12, 2025PDF · Subscribers
Creditor Listing as at December 9, 2025
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Initial Order dated December 9, 2025
  • Court Court of King's Bench of Alberta
  • Court file no 2501 19519
  • Debtor names Cabot Energy Inc.
  • Charges Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Originating Application (CCAA Initial Order) filed December 2, 2025
  • Court Court of King's Bench of Alberta
  • Debtor names Cabot Energy Inc.
  • Monitor KSV Restructuring Inc.
  • Presiding officer Justice Harris
  • + 1 more extracted fact
PDF · Subscribers
Supplemental Affidavit of S. Aitken sworn December 2, 2025PDF · Subscribers
Affidavit Scott Aitken sworn November 28, 2025
  • Counsel Stikeman Elliott LLP
  • Financial position · Secured creditors Subscribers
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Cabot Energy Inc.” (CCAA), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/cabot-energy-inc

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Sources last checked · summary updated 5 August 2026 · Report a correction · Printed from proceedings.ca/case/cabot-energy-inc

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.