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.
A third approval and vesting order was granted, vesting the purchased assets on delivery of the Monitor's Closing Certificate, subject to regulator approval of transfers of licences, permits and approvals.
Source: Amended Order (Sale Approval and Vesting) filed June 1, 2026
Interim order pronounced with the May 27, 2026 approval and vesting order, the latest order recorded in the proceedings.
Source: Order (CCAA Termination & Ancillary Relief) filed May 27, 2026
Monitor reported the marketable property sold, the remaining oil and gas assets unsaleable and expected to transition to the Orphan Well Association, and recommended termination of the proceedings and its discharge.
Interim order granted at the April 28, 2026 sittings, the same day as the Monitor's report and two approval and vesting orders.
Source: Order (Restricted Court Access for Summary of Bids and Purchase Price of APAs) filed April 30, 2026
A further interim order was pronounced on April 28, 2026, on the same application as that day's approval and vesting orders.
Source: Order (Stay Extension and Releases) filed April 30, 2026
A second approval and vesting order was pronounced the same day, conditioning closing on payment of the purchase price, satisfaction or waiver of the sale agreement conditions, and completion to the Monitor's satisfaction.
Source: Sale Approval and Vesting Order - Red Angus filed April 30, 2026
Approval and vesting order granted: the Applicant's right, title and interest in the purchased assets vests free and clear on delivery of the Monitor's Closing Certificate, subject to Alberta Energy Regulator approval of licence transfers.
Source: Sale Approval and Vesting Order - Tuscany filed April 30, 2026
Monitor's report filed April 28, 2026, the day the Court pronounced approval and vesting orders and further interim relief.
Interim order granted March 30, 2026, between the December sale process orders and the approval and vesting orders of April 28, 2026.
Source: Order (Stay Extension and Adjournment) filed April 11, 2026
Application (Transaction Approval and Vesting Order, Sealing Order) dated March 24, 2026 — Application / notice of application
The stay of proceedings was extended to 2026-03-30.
Source: Amended and Restated Initial Order filed December 17, 2025
Sale process approved, running to a Phase 1 deadline of noon Mountain time on February 12, 2026.
Source: Order (Approving Sale and Investment Solicitation Process) filed December 17, 2025
Interim order granted at the December 18, 2025 hearing, one day before expiry of the stay granted under the initial order.
Source: Order (Restricted Court Access Order) filed December 17, 2025
A further interim order was pronounced the same day, December 18, 2025, alongside the sale process orders.
Source: Order (Restricted Court Access Order) filed December 23, 2025
A companion sale process order was pronounced on the same application, December 18, 2025.
Source: SISP Order filed January 2, 2026
Monitor reported to the Court one day before the December 18, 2025 sale process and interim orders were pronounced.
Initial order granted, staying proceedings to December 19, 2025 and granting a $100,000 Administration Charge to the Monitor, its counsel and the Applicant's counsel in first priority.
Debtor
Cabot Energy Inc.
Monitor
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Marion | Court of King's Bench of Alberta | 8 orders, Dec 2025 – Apr 2026 | 28 cases on record |
| Justice Bourque | Court of King's Bench of Alberta | 4 orders, Apr 2026 | 39 cases on record |
| Justice Johnston | Court of King's Bench of Alberta | 2 orders, May 2026 – Jun 2026 | 55 cases on record |
| Justice Harris | Court of King's Bench of Alberta | 2 orders, Dec 2025 | 28 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorKSV | Bennett Jones LLP | 26 May 2026 | Service list · 26 May 2026 |
| ReceiverPricewaterhouseCoopers, of Tallahassee Exploration Inc | Fasken Martineau DuMoulin LLP | 26 May 2026 | Service list · 26 May 2026 |
| DebtorCabot Energy Inc. | Stikeman Elliott LLP | 28 Nov 2025 | Affidavit · 28 Nov 2025 |
| Interim lenderBlue Spark Energy Inc | Cassels Brock & Blackwell LLP | 26 May 2026 | Service list · 26 May 2026 |
| PurchaserTecumseh Energy Management Ltd | Parlee McLaws LLP | 26 May 2026 | Service list · 26 May 2026 |
| CreditorCanadian Natural Resources Limited | Osler, Hoskin & Harcourt LLP | 26 May 2026 | Service list · 26 May 2026 |
| CreditorIndian Oil and Gas Canada ('IOGC') | Bennett Jones LLP | 26 May 2026 | Service list · 26 May 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| Court-ordered charges | ||||
| 1 | Court-ordered charges | Administration Charge — shall rank in priority to all other security interests, trusts, liens, charges and encumbrances, claims of secured creditors, statutory or otherwise | $100K | Initial Order dated December 9, 2025 |
| Pre-filing debt | ||||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
32 more claims in 2 classes The stack holds Court-ordered charges, Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 2 approvedAmended Order (Sale Approval and Vesting) filed June 1, 2026 · 27 May 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Red Angus Energy Inc. | not stated | Approved28 Apr 2026 | Sale Approval and Vesting Order - Red Angus… |
| Tuscany Petroleum Ltd. | not stated | Approved28 Apr 2026 | Sale Approval and Vesting Order - Tuscany filed… |
Closed · the record states no distribution outcome.
2 engagements · 2 firms — latest: Bennett Jones LLP, Taxation Period, soughtFourth Report of the Monitor filed May 19, 2026 · 19 May 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Bennett Jones LLPCounsel | Taxation PeriodSought | — | not stated | Fourth Report of the Monitor filed May 19, 2026 · 19 May 2026 | |
| KSV Restructuring Inc.Monitor | Taxation PeriodSought | — | not stated | Fourth Report of the Monitor filed May 19, 2026 · 19 May 2026 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$427K
As at 19 May 2026Fourth Report of the Monitor filed May 19, 2026
Cash on hand
As at
Professional fees
As at
2 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Amended Order (Sale Approval and Vesting) filed June 1, 2026
| PDF · Subscribers | |
Order (CCAA Termination & Ancillary Relief) filed May 27, 2026
| PDF · Subscribers | |
Service List dated May 26, 2026
| PDF · Subscribers | |
| Application by Monitor filed May 19, 2026 | PDF · Subscribers | |
Fourth Report of the Monitor filed May 19, 2026
| PDF · Subscribers | |
| Monitor's Certificate filed May 8, 2026 | PDF · 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
| PDF · Subscribers | |
Order (Stay Extension and Releases) filed April 30, 2026
| PDF · Subscribers | |
Sale Approval and Vesting Order - Red Angus filed April 30, 2026
| PDF · Subscribers | |
Sale Approval and Vesting Order - Tuscany filed April 30, 2026
| PDF · Subscribers | |
Third Report of the Monitor dated April 28, 2026
| PDF · Subscribers | |
| Affidavit of Megan Smith sworn April 27, 2026 | PDF · Subscribers | |
| Application filed April 24, 2026 | PDF · Subscribers | |
| Fourth Affidavit of Scott Aitken sworn April 24, 2026 | PDF · Subscribers | |
Order (Stay Extension and Adjournment) filed April 11, 2026
| PDF · Subscribers | |
| Affidavit of Sheila Hyatt sworn March 30, 2026 | PDF · Subscribers | |
Second Report of the Monitor dated March 30 2026
| 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
| PDF · Subscribers | |
| Third Affidavit of Scott Aitken sworn March 24, 2026 | PDF · Subscribers | |
ARIO Order filed January 2, 2026
| PDF · Subscribers | |
SISP Order filed January 2, 2026
| PDF · Subscribers | |
Order (Restricted Court Access Order) filed December 23, 2025
| PDF · Subscribers | |
Amended and Restated Initial Order filed December 17, 2025
| PDF · Subscribers | |
First Report of the Monitor filed December 17, 2025
| PDF · Subscribers | |
Order (Approving Sale and Investment Solicitation Process) filed December 17, 2025
| PDF · Subscribers | |
Order (Restricted Court Access Order) filed December 17, 2025
| PDF · Subscribers | |
| Supplementary Affidavit #2 of Scott Aitken sworn December 16, 2025 | PDF · Subscribers | |
Application (AIRO and SISP) filed December 15, 2025
| PDF · Subscribers | |
| Affidavit #2 of Scott Aitken sworn Dec 12 2025 | PDF · Subscribers | |
| CCAA Notice to Creditors dated December 12, 2025 | PDF · Subscribers | |
Creditor Listing as at December 9, 2025
| PDF · Subscribers | |
Initial Order dated December 9, 2025
| PDF · Subscribers | |
Originating Application (CCAA Initial Order) filed December 2, 2025
| PDF · Subscribers | |
| Supplemental Affidavit of S. Aitken sworn December 2, 2025 | PDF · Subscribers | |
Affidavit Scott Aitken sworn November 28, 2025
| 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 4 November 2026, https://proceedings.ca/case/cabot-energy-inc
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.