Erikson National Energy Inc. (Receivership)
Follow- Proceeding
- Receivership (court-appointed)section 13(2) of the Judicature Act, RSA 2000, c.J-2 and section 99(a) of the Business Corporations Act, RSA 2000, c.B-9
- File
- 2401 13792
- Industry
- Energy · Oil & gas production
Erikson National Energy Inc. has been under court-appointed receivership since May 5, 2025, when the Court of King's Bench of Alberta appointed Grant Thornton Limited as Receiver on the application of the British Columbia Energy Regulator. The order was granted under section 13(2) of the Judicature Act, RSA 2000, c.J-2 and section 99(a) of the Business Corporations Act, RSA 2000, c.B-9, and the proceeding is carried in Alberta under court file no. 2401 13792. The receivership remains active.
Approved the October 27, 2025 asset purchase and sale agreement transferring the Schedule B facilities and pipelines to Tidewater Midstream and Infrastructure Ltd. or its nominee on delivery of the Closing Certificate.
Approved the Laprise Sale Agreement dated October 24, 2025 with Canlin Resources Partnership, vesting the Laprise-area leases and wells, an 85% working interest, on delivery of the Closing Certificate.
Filed Application for Approval and Vesting Order (Tider Midstream) — Application / notice of application
Approved the Receiver's sale to Wildboy Holdings Ltd. under the July 4, 2025 agreement, with vesting on delivery of the Closing Certificate and Energy Regulator approval of licence transfers.
Source: Approval and Vesting Order (Cassels), filed July 16, 2025
APPLICATION – SALE APPROVAL AND VESTING ORDER Filed July 4,2025 — Application / notice of application
Court of King's Bench of Alberta appointed Grant Thornton Limited as Receiver over Erikson National Energy Inc. on the British Columbia Energy Regulator's application.
Debtor
Erikson National Energy Inc. (Receivership)
Receiver
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Third Eye Capital Alternative Credit Trust, Ninepoint-TEC Private Credit Fund, and MBI/TEC Private Debt Opportunities Fund II, L.P. (the Lenders; TEC as agent)as of Receivership Date (May 5, 2025) — Security agreement dated October 15, 2019 under the TEC Credit Agreement dated October 15, 2019 (working capital loans) — Stated as 'approximately $31.7 million'. Separate from the Interim Lender's charge. — debtor: Erikson National Energy Inc. | $31.7M | RECEIVER’S FIRST REPORT Filed July 4,2025 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 7 | Preferred (BIA s. 136) | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
14 more claims in 3 classes The stack holds Secured, Preferred (BIA s. 136) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
3 transactions · 2 approved · 1 closed — Court approved the sale of the Debtor's Assets (facilities and pipelines) to Tidewater Midstream and Infrastructure Ltd. under an asset purchase and sale agreement dated October 27, 2025, with vesting on delivery of the Receiver's Closing Certificate.Filed Approval and Vesting order - Nov 7,2025 · 3 Nov 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Wildboy Holdings Ltd.the Debtor's right, title, estate and interest in and to the assets described in the Sale Agreement (the 'Assets'), including the wells, facilities, pipelines, roads, mineral tenure and assumed contracts listed in Schedule 'B' · asset sale · nominee/assignee: its nominee · agreement 4 Jul 2025 | Subscribers | Closed12 Sep 2025 | Receiver's Certificate Sept 15,2025 |
| Canlin Resources Partnershipthe Debtor's right, title, interest and estate in and to the Assets (petroleum and natural gas leases and wells in the Laprise land area, 85% working interest) · asset sale · agreement 24 Oct 2025 | not stated | Approved3 Nov 2025 | Approval and Vesting Order - filed November… |
| Tidewater Midstream and Infrastructure Ltd.the Debtor's right, title, interest and estate in and to the Assets listed in Schedule "B" (facilities and pipelines) · asset sale · nominee/assignee: its nominee (unnamed) · agreement 27 Oct 2025 | Subscribers | Approved3 Nov 2025 | Filed Approval and Vesting order - Nov 7,2025 |
Unsecured creditors: no distribution.EstimatedApplication (Cassels), submitted Oct 27,2025 · 3 Nov 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | any creditors | — | no distributionconditional | Estimatedper the receiver | Application (Cassels), submitted Oct 27,2025 · 3 Nov 2025 |
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.
| Date | Document | File |
|---|---|---|
| Application November 20,2025 | PDF · Subscribers | |
| Affidavit of Jared Frese sworn November 17,2025 | PDF · Subscribers | |
Application (Cassels), submitted Oct 27,2025
| PDF · Subscribers | |
Approval and Vesting Order - filed November 14,2025
| PDF · Subscribers | |
Discharge Order filed November 14,2025
| PDF · Subscribers | |
| Filed Application for Approval and Vesting Order (Tider Midstream) | PDF · Subscribers | |
Filed Approval and Vesting order - Nov 7,2025
| PDF · Subscribers | |
Second Report of the Receiver Oct 27,2025
| PDF · Subscribers | |
APPLICATION – SALE APPROVAL AND VESTING ORDER Filed July 4,2025
| PDF · Subscribers | |
Approval and Vesting Order (Cassels), filed July 16, 2025
| PDF · Subscribers | |
Order Sealing Confidential Appendix and Approving Receiver’s Conduct (Cassels), filed July 16, 2025
| PDF · Subscribers | |
RECEIVER’S FIRST REPORT Filed July 4,2025
| PDF · Subscribers | |
Receiver's Certificate Sept 15,2025
| PDF · Subscribers | |
Receivership Order pronounced May 5, 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., “Erikson National Energy Inc. (Receivership)” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 2 November 2026, https://proceedings.ca/case/erikson-national-energy-inc-rcvr