Erikson National Energy Inc.
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- 2501-03468
- Industry
- Energy · Oil & gas production
Erikson National Energy Inc. obtained CCAA protection from the Court of King's Bench of Alberta on March 11, 2025 in file 2501-03468, with KSV Restructuring Inc. appointed Monitor and an initial stay running to March 14, 2025. The initial order granted an Administration Charge to a maximum of $200,000 for the Monitor, its counsel and the applicant's counsel, ranking ahead of a $2,150,000 Interim Lender's Charge in favour of Third Eye Capital Corporation as administrative and collateral agent. In its First Report dated April 30, 2025, the Monitor reported that efforts to sell the Oil & Gas Assets had failed, including termination of the Gryphon Transaction, and that the BCER had orphaned 61 wells, 10 facilities and 81 pipeline segments. Lacking a viable transaction or financing, the Monitor recommended a CCAA Termination Order. The Court pronounced an order on May 5, 2025.
Order pronounced in the proceedings five days after the Monitor's First Report recommended that the Court terminate the CCAA proceedings and discharge the Monitor.
Monitor's First Report recorded the failed Oil & Gas Assets sale and terminated Gryphon Transaction, the BCER's orphaning of 61 wells, 10 facilities and 81 pipeline segments, and sought a termination order, the Monitor's discharge and approval of KSV fees of $255,462.41 and Fasken fees of $130,711.85.
The stay of proceedings was extended to 2025-05-05.
Source: Amended and Restated Initial Order dated March 11, 2025
Granted CCAA protection with a stay to March 14, 2025, appointed KSV Restructuring Inc. as Monitor, and created a $200,000 Administration Charge ranking ahead of a $2,150,000 Interim Lender's Charge to Third Eye Capital Corporation.
Application for Stay Extension and Miscellaneous Relief dated February 10, 2025 — Application / notice of application
Application for Stay Extension and Micellaneous Relief dated January 13, 2025 — Application / notice of application
Application for Restricted Court Access Order dated December 10, 2024 — Application / notice of application
Extension and Amendment of Interim Financing Order dated December 10, 2024 was filed.
Source: Extension and Amendment of Interim Financing Order dated December 10, 2024
Application for Emergency Measures Order dated December 6, 2024 — Application / notice of application
Application for Extension and Micellaneous Relief dated December 3, 2024 — Application / notice of application
Stay Extension and Interim Financing Amendment Order dated November 21, 2024 was filed.
Source: Stay Extension and Interim Financing Amendment Order dated November 21, 2024
Extension Admin Charge and Sealing Order dated October 21, 2024 was filed.
Source: Extension Admin Charge and Sealing Order dated October 21, 2024
Application for Interim Financing dated October 18, 2024 — Application / notice of application
Application for NOI Extension, Admin Charge and Sealing Order dated October 15, 2024 — Application / notice of application
Debtor
Erikson National Energy Inc.
Monitor
KSV
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Campbell | Court of King's Bench of Alberta | 4 orders, Dec 2024 | 43 cases on record |
| Justice Bourque | Court of King's Bench of Alberta | 3 orders, Mar 2025 – May 2025 | 39 cases on record |
| Justice Burns | Court of King's Bench of Alberta | 3 orders, Nov 2024 | 59 cases on record |
| Justice Johnston | Court of King's Bench of Alberta | 2 orders, Oct 2024 | 55 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorErikson National Energy Inc. | Bennett Jones LLP | 3 Dec 2024 | Factum · 3 Dec 2024 |
| CreditorBritish Columbia Energy Regulator | Miller Thomson LLP | 7 Oct 2024 | Factum · 7 Oct 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| Court-ordered charges | ||||
| 1 | Court-ordered charges | Interim financing (DIP) charge | $2.15M | Initial Order dated March 11, 2025 |
| 1 | Court-ordered charges | |||
| 1 | Court-ordered charges | |||
| Pre-filing debt | ||||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
9 more claims in 2 classes The stack holds Court-ordered charges and Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.Application for Extension and Micellaneous Relief · 3 Dec 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | creditors of net proceeds from sale of the Purchased Assets | — | no distributionconditional | — | Application for Extension and Micellaneous Relief · 3 Dec 2024 |
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.
2 engagements · 2 firms — latest: Fasken Martineau DuMoulin LLP, 30 Sep 2024 – 28 Apr 2025, in feesFirst Report of the Monitor · 30 Apr 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Fasken Martineau DuMoulin LLPCounsel to the trustee | 30 Sep 2024 – 28 Apr 2025 | — | not stated | First Report of the Monitor · 30 Apr 2025 | |
| KSV Restructuring Inc.Monitor | 30 Sep 2024 – 28 Apr 2025 | — | not stated | First Report of the Monitor · 30 Apr 2025 |
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 ·
Professional fees
$255K
As at 30 Apr 2025First Report of the Monitor dated April 30, 2025
The total 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 |
|---|---|---|
| Monitor's Certificate dated May 6, 2025 | PDF · Subscribers | |
CCAA Termination Order dated May 5, 2025
| PDF · Subscribers | |
| Affidavit of Peter Neelands sworn April 30, 2025 | PDF · Subscribers | |
| CCAA Termination Application dated April 30, 2025 | PDF · Subscribers | |
First Report of the Monitor dated April 30, 2025
| PDF · Subscribers | |
| Notice to Creditors dated March 17, 2025 | PDF · Subscribers | |
Amended and Restated Initial Order dated March 11, 2025
| PDF · Subscribers | |
| Creditor Listing as at March 11, 2025 | PDF · Subscribers | |
Initial Order dated March 11, 2025
| PDF · Subscribers | |
| Affidavit #1 of Veronica Burns sworn March 6, 2025 | PDF · Subscribers | |
Pre-Filing Report of the Proposed Monitor dated March 6, 2025
| PDF · Subscribers | |
| Sixth Report of the Proposal Trustee dated March 6, 2025 | PDF · Subscribers | |
Affidavit of Peter Neelands sworn March 3, 2025
| PDF · Subscribers | |
| Originating Application dated March 3, 2025 | PDF · Subscribers | |
Order dated February 20, 2025
| PDF · Subscribers | |
| Supplemental Affidavit of Peter Neelands sworn February 19, 2025 | PDF · Subscribers | |
| Affidavit of Kathy Brulotte sworn February 18, 2025 | PDF · Subscribers | |
| Fifth Report of the Proposal Trustee dated February 18, 2025 | PDF · Subscribers | |
| Letter to Service List dated February 18, 2025 | PDF · Subscribers | |
| Application for Stay Extension and Miscellaneous Relief dated February 10, 2025 | PDF · Subscribers | |
| Third Affidavit of Peter Neelands sworn February 10, 2025 | PDF · Subscribers | |
Order dated January 22, 2025
| PDF · Subscribers | |
| Affidavit of Chris Pasztor affirmed January 21, 2025 | PDF · Subscribers | |
| Fourth Report of the Proposal Trustee dated January 16, 2025 | PDF · Subscribers | |
| Application for Stay Extension and Micellaneous Relief dated January 13, 2025 | PDF · Subscribers | |
| Second Affidavit of Peter Neelands sworn January 13, 2025 | PDF · Subscribers | |
| Notice of Appeal dated December 13, 2024 | PDF · Subscribers | |
| Application for Restricted Court Access Order dated December 10, 2024 | PDF · Subscribers | |
Extension and Amendment of Interim Financing Order dated December 10, 2024
| PDF · Subscribers | |
Restricted Court Access Order dated Filed December 10, 2024
| PDF · Subscribers | |
Sales Approval and Vesting Order dated December 10, 2024
| PDF · Subscribers | |
Sale Approval and Vesting Order dated December 9, 2024
| PDF · Subscribers | |
| Affidavit of Peter Neelands sworn December 6, 2024 | PDF · Subscribers | |
| Application for Emergency Measures Order dated December 6, 2024 | PDF · Subscribers | |
| Emergency Measures Order dated December 6, 2024 | PDF · Subscribers | |
| Third Report of the Proposal Trustee dated December 6, 2024 | PDF · Subscribers | |
Reply Brief dated December 5, 2024
| PDF · Subscribers | |
| Transcripts on Questioning of M. Janzen filed December 5, 2024 | PDF · Subscribers | |
| Affidavit of Peter Neelands sworn December 3, 2024 | PDF · Subscribers | |
Application for Extension and Micellaneous Relief dated December 3, 2024
| PDF · Subscribers | |
Brief dated December 3, 2024
| PDF · Subscribers | |
| Supplemental Affidavit of M. Janzen affirmed December 3, 2024 | PDF · Subscribers | |
| Affidavit of Elena Pratt, sworn November 27, 2024 | PDF · Subscribers | |
Sealing Order dated November 21, 2024
| PDF · Subscribers | |
Stay Extension and Interim Financing Amendment Order dated November 21, 2024
| PDF · Subscribers | |
| Application for Sealing Order dated November 18 2024 | PDF · Subscribers | |
| Second Report of the Proposal Trustee dated November 18, 2024 | PDF · Subscribers | |
| Affidavit of Mark Horrox sworn November 15, 2024 | PDF · Subscribers | |
Stay Extension Application dated November 15, 2024
| PDF · Subscribers | |
Extension Admin Charge and Sealing Order dated October 21, 2024
| PDF · Subscribers | |
Interim Financing Order dated October 21, 2024
| PDF · Subscribers | |
| Brief of Canadian Natural Resources Limited dated October 20, 2024 | PDF · Subscribers | |
| Affidavit of Ron K. Laing sworn October 18, 2024 | PDF · Subscribers | |
| Application for Interim Financing dated October 18, 2024 | PDF · Subscribers | |
First Report of the Proposal Trustee dated October 18, 2024
| PDF · Subscribers | |
| Supplemental Affidavit of Mark Horrox sworn October 18, 2024 | PDF · Subscribers | |
| Affidavit of Mark Horrox in support of NOI Extension sworn October 15, 2024 | PDF · Subscribers | |
| Application for NOI Extension, Admin Charge and Sealing Order dated October 15, 2024 | PDF · Subscribers | |
Brief for Erikson re Stay Extension dated October 15, 2024
| PDF · Subscribers | |
| Secretarial Affidavit sworn October 10, 2024 | PDF · Subscribers | |
| Affidavit of Service filed October 7, 2024 | PDF · Subscribers | |
Brief of Law filed October 7, 2024
| PDF · Subscribers | |
| Consent to Act filed October 3, 2024 | PDF · Subscribers | |
| Notice to Creditors dated October 3, 2024 | PDF · Subscribers | |
Receivership Application filed October 3, 2024
| PDF · Subscribers | |
Affidavit of M. Janzen affirmed October 2, 2024
| PDF · Subscribers | |
| Certificate for the Notice of Intention - 25-3135903 | 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., “Erikson National Energy Inc.” (CCAA), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/erikson-national-energy-inc