#Filing
Amended Application - Proposal Approval, Bankruptcy Assignment and Conditional Discharge — Application / notice of application
Eagle Energy
ClosedFollow
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Industry
- Energy · Oil & gas production
OverviewSummary updated
Eagle Energy was placed in court-appointed receivership in Alberta on November 19, 2019 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, covering Eagle Energy Inc., Eagle Energy Trust, Eagle Energy Holdings Inc. and Eagle Hydrocarbons Inc. The Receiver's Notice and Statement put consolidated book value of assets at $137,564,000 as at September 30, 2019, on unaudited figures the Receiver did not verify, against liabilities of $41,277,000 as at the receivership date. White Oak Global Advisors, LLC held secured debt of $40,382,968, being $35,392,686 against Eagle Energy Inc. and $4,990,282 against Eagle Hydrocarbons Inc., with the trust and holding company as guarantors carrying no direct liabilities. Eagle Energy Trust also held intercompany promissory notes of $23,624,573.95 and $51,452,875.00 against the two operating companies. The proceeding is closed.
Proceedings AIOpen Proceedings AI
Case updates21 dated entries
Parties
Debtor
Eagle Energy
Receiver
FTI
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Jones | Court of King's Bench of Alberta | 2 orders, Jun 2020 | 93 cases on record |
| Justice Grosse | Court of King's Bench of Alberta | 2 orders, Jun 2020 | 14 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorCompanies Chris Simard | Norton Rose Fulbright US LLP | 3 Jun 2020 | Service list · 3 Jun 2020 |
| CreditorInsignia Energy Ltd | Stikeman Elliott LLP | 3 Jun 2020 | Service list · 3 Jun 2020 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | White Oak Global Advisors, LLC (aka White Oak Capital Advisors, LLC)Secured loan; combined Eagle Energy Inc. secured $35,392,686 and Eagle Hydrocarbons Inc. secured $4,990,282 per creditor schedules (CAD equivalents, USD converted at FX 1.316) — Reported total of $40,383,000 (CAD 000's) in Notice and Statement of the Receiver; USD amounts converted at FX 1.316 — debtor: Eagle Energy Inc. and Eagle Hydrocarbons Inc. (Eagle Energy Trust and Eagle Energy Holdings Inc. are guarantors, no direct liabilities) · as of 19 Nov 2019 | $40.4M | Notice to Creditors |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
104 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansRecoveriesAs stated in the filings
Unsecured creditors: a distribution.EstimatedThird Report of the Receiver · 26 Jun 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Convenience Class (unsecured creditors with claims of $500 or less) | — | of proven claims | Estimatedper the proposal trustee | Third Report of the Receiver · 26 Jun 2020 |
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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansEstate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plansDocuments
21 filings
| Date | Document | File |
|---|---|---|
| Amended Application - Proposal Approval, Bankruptcy Assignment and Conditional Discharge | PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Order Approving Bankruptcy Assignment
| PDF · Subscribers | |
| Order Approving Proposal and Arrangement Agreement | PDF · Subscribers | |
Order Approving Receiver's Conditional Discharge
| PDF · Subscribers | |
Third Report of the Receiver
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Amended Application | PDF · Subscribers | |
| Application - Sale Approval US Assets | PDF · Subscribers | |
Order Approving Receipts and Disbursements of the Receiver to April 30, 2020
| PDF · Subscribers | |
| Supplement to the Second Report of the Receiver | PDF · Subscribers | |
US Assets Sale Approval and Vesting Order
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
| Order - Approval of Sale Process and Engagement of Sale Agents | PDF · Subscribers | |
Order - Sealing Confidential Supplement
| PDF · Subscribers | |
| Application - Approval of SSP | PDF · Subscribers | |
| First Report of the Receiver | PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Affidavit of B. McKee | PDF · Subscribers | |
| Receivership Application | PDF · Subscribers | |
Receivership Order
| 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., “Eagle Energy” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/eagle-energy