Lone Pine Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Wiser Delaware, LLC, and Wiser Oil Delaware, LLC
FollowActive
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- 1301 — 11352
OverviewSummary updated
Lone Pine Resources Canada Ltd. is in CCAA proceedings in the Court of King's Bench of Alberta, alongside Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Wiser Delaware, LLC and Wiser Oil Delaware, LLC. The proceedings are active. JPMorgan Chase Bank, N.A. is the only secured creditor shown, at CAD 180,000,000 across the three Lone Pine entities. The largest unsecured claim on the creditor listing is USD 207,475,938 owing to U.S. Bank National Association, Corporate Trust Services, as agent for the Senior Notes. Behind it sits a long tail of oilfield service, operator, professional and regulatory claims, including CAD 370,593 to Champion Technologies ULC, CAD 281,014 to Pinecrest Energy Inc., USD 269,848 to Wachtell, Lipton, Rosen & Katz, and CAD 165,734 to the Receiver General for Canada as a Crown deemed trust claim.
Claims processIf you are owed money
A claims procedure has been established — see the order for deadlines.
Per the Cross Examination of James Olson - Exhibit I dated 6 November 2013.
Proceedings AIAsk this case — answers cite the filings
Case updates206 dated entries · 1 undated
203 earlier updates, back to 25 September 2013 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Parties
Debtor
Lone Pine Resources Canada Ltd. (direct and indirect wholly owned subsidiaries; Lone Pine Resources Inc., Lone Pine Resources (Holding) Inc., Wiser Delaware LLC, and Wiser Oil Delaware, LLC)
Monitor
PwC
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Yamauchi | Court of King's Bench of Alberta | 2 orders, Nov 2013 | 28 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorPwC | McCarthy Tétrault LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| ApplicantLone Pine Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Wiser Delaware, LLC, and Wiser Oil Delaware, LLC | Bennett Jones LLP · Vinson & Elkins L.L.P. | 25 Nov 2013 | Service list · 25 Nov 2013 |
| DebtorLone Pine Resources Canada Ltd. (direct and indirect wholly owned subsidiaries; Lone Pine Resources Inc., Lone Pine Resources (Holding) Inc., Wiser Delaware LLC, and Wiser Oil Delaware, LLC) | Burnet Duckworth & Palmer LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorAdar Investment Fund, Ltd | Bernstein Liebhard, LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorBaker Hughes Canada Corporation | Davis LLP (now Dla Piper LLP) | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorCgg | Borden Ladner Gervais LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorCredit Suisse Securities (USA) LLC, J.P | Simpson Thacher & Bartlett LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorInitial Consenting Noteholders | Goodmans LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorMorgan Chase Securities LLC, Credit Suisse Securities (USA) LLC and TD Securities (USA) LLC | Gowling Lafleur Henderson LLP (now Gowling WLG (Canada) LLP) | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorMorgan Stanley Capital Group Inc | Haynes and Boone, LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorProposed Exit | Torys LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorSelkirk Cogen Partners, LP | Gowling Lafleur Henderson LLP (now Gowling WLG (Canada) LLP) | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorSenior Notes Indenture | Faegre Baker Daniels LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorSun Life Assurance Company of Canada | Reynolds Mirth Richards & Farmer LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorSyndicate | Norton Rose Fulbright Canada LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
| CreditorWeyerhauser | Miller Thomson LLP | 25 Nov 2013 | Service list · 25 Nov 2013 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | JPMorgan Chase Bank, N.A., Toronto Branch / JPMorgan Chase Bank, N.A.Listed as single secured creditor total across two addresses (Toronto Branch and Dallas office) in Total secured creditors figure — debtor: Lone Pine Resources Canada Ltd., Lone Pine Resources (Holdings) Inc., Lone Pine Resources Inc. | $180M | Creditor Listing (for creditor's >$1000) |
Sale processAs stated in the filings
Approval pending — Monitor supports the Companies' application for Court approval of the Sale AgreementMonitor's 7th Report - Loon Property Sale · 16 Dec 2013
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Harvest Operations Corp.the Loon Properties · asset sale · agreement 9 Dec 2013 | Subscribers | Proposed | Monitor's 7th Report - Loon Property Sale |
Advisorsthe Companies' Financial Advisor (financial advisor)Monitor's 7th Report - Loon Property Sale
RecoveriesAs stated in the filings
Unsecured creditors: a distribution.Under the plan · sanctionedTab 22 - Book of Authorities January 9, 2014 · 23 Sep 2010
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | ACI Affected Unsecured Creditor Class | — | a distributionconditional | Under the plansanctionedper the court | Tab 22 - Book of Authorities January 9, 2014 · 23 Sep 2010 |
| Equity | — | — | no distribution | Under the plansanctionedper the court | Sanction Order · 9 Jan 2014 |
| class not placed | remaining Petitioners | — | no distributionconditional | Under the plansanctionedper the court | Tab 22 - Book of Authorities January 9, 2014 · 23 Sep 2010 |
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.
Documents
207 filings
| Date | Document | File |
|---|---|---|
Certification of Counsel Regarding Order Scheduling Omnibus Hearing Date
| PDF · Subscribers | |
| Motion to Close the Chapter 15 Cases | PDF · Subscribers | |
| Order Scheduling Omnibus Hearing Date | PDF · Subscribers | |
| Monitor's Certificate | PDF · Subscribers | |
| Notice of Agenda for January 16, 2014 Hearing | PDF · Subscribers | |
| Order Recognising Sanctioning and CCAA Plan | PDF · Subscribers | |
| Application | PDF · Subscribers | |
| Book of Authorities | PDF · Subscribers | |
| Brief of Argument | PDF · Subscribers | |
| Notice of Filing of Monitor's 8th Report | PDF · Subscribers | |
| Notice of Filing of Revised Sanction Order | PDF · Subscribers | |
| Sanction Application Record | PDF · Subscribers | |
Sanction Order
| PDF · Subscribers | |
| Sanction Recognition Motion | PDF · Subscribers | |
| Tab 1 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 1 - Sanction Application Record January 9, 2014 | PDF · Subscribers | |
| Tab 10 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 10 - Sanction Application Record January 9, 2014 | PDF · Subscribers | |
| Tab 11 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
Tab 12 - Book of Authorities January 9, 2014
| PDF · Subscribers | |
| Tab 13 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 14 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 15 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 16 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 17 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 18 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
Tab 19 - Book of Authorities January 9, 2014
| PDF · Subscribers | |
| Tab 2 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 2 - Sanction Application Record January 9, 2014 | PDF · Subscribers | |
| Tab 20 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 21 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
Tab 22 - Book of Authorities January 9, 2014
| PDF · Subscribers | |
| Tab 23 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 24 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 25 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 26 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 27 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 3 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 3 - Sanction Application Record January 9, 2014 | PDF · Subscribers | |
Tab 4 - Book of Authorities January 9, 2014
| PDF · Subscribers | |
| Tab 4 - Sanction Application Record January 9, 2014 | PDF · Subscribers | |
| Tab 5 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 5 - Sanction Application Record January 9, 2014 | PDF · Subscribers | |
| Tab 6 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 7 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 7 - Sanction Application Record January 9, 2014 | PDF · Subscribers | |
Tab 8 - Book of Authorities January 9, 2014
| PDF · Subscribers | |
| Tab 8 - Sanction Application Record January 9, 2014 | PDF · Subscribers | |
| Tab 9 - Book of Authorities January 9, 2014 | PDF · Subscribers | |
| Tab 9 - Sanction Application Record January 9, 2014 | PDF · Subscribers | |
| Monitor's 8th Report - Sanction Hearing | PDF · Subscribers | |
| Statement of the Limited Shareholder Group in Support of the First Amended Plan of Compromise and Arrangement | PDF · Subscribers | |
| Plan Supplement | PDF · Subscribers | |
| Notice of Foreign Representative's Motion for an Order Recognizing and Enforcing the Order of the Canadian Court Sanctioning and Approving the CCAA Plan | PDF · Subscribers | |
| Notice of Motion | PDF · Subscribers | |
| Notice of Amended Agenda of Matters | PDF · Subscribers | |
Order - Amended Underwriter Claims
| PDF · Subscribers | |
Monitor's 7th Report - Loon Property Sale
| PDF · Subscribers | |
| Affected Unsecured Creditors' Proxy | PDF · Subscribers | |
| Affidavit No.4 of Shane Abel | PDF · Subscribers | |
| Affidavit of Peter Kazanoff (Exhibits A,B) | PDF · Subscribers | |
| Book of Authorities (TD, JP Morgan and Credit Suisse) | PDF · Subscribers | |
| Cash Election Form | PDF · Subscribers | |
| Exhibits C - Affidavit of Peter Kazanoff | PDF · Subscribers | |
| Exhibits D - Affidavit of Peter Kazanoff | PDF · Subscribers | |
| Exhibits E to K - Affidavit of Peter Kazanoff | PDF · Subscribers | |
| Instructions to Participant Holders | PDF · Subscribers | |
| Instructions to Registered Noteholders | PDF · Subscribers | |
| Instructions to Unregistered Noteholders | PDF · Subscribers | |
| Meeting Order | PDF · Subscribers | |
| New Investment Subscription Form | PDF · Subscribers | |
| Noteholders' Proxy | PDF · Subscribers | |
| Notice of Meetings and Information Circular | PDF · Subscribers | |
| Notice to Affected Unsecured Creditors | PDF · Subscribers | |
| Plan of Compromise and Arrangement | PDF · Subscribers | |
| Tab 1 - Brief of Argument December 13, 2013 | PDF · Subscribers | |
Tab 10 - Brief of Argument December 13, 2013
| PDF · Subscribers | |
| Tab 11 - Brief of Argument December 13, 2013 | PDF · Subscribers | |
| Tab 2 - Brief of Argument December 13, 2013 | PDF · Subscribers | |
| Tab 3 - Brief of Argument December 13, 2013 | PDF · Subscribers | |
| Tab 4 - Brief of Argument December 13, 2013 | PDF · Subscribers | |
| Tab 5 - Brief of Argument December 13, 2013 | PDF · Subscribers | |
| Tab 6 - Brief of Argument December 13, 2013 | PDF · Subscribers | |
| Tab 8 - Brief of Argument December 13, 2013 | PDF · Subscribers | |
| Tab 9 - Brief of Argument December 13, 2013 | PDF · Subscribers | |
| Affidavit of Natalie Levine | PDF · Subscribers | |
| Book of Authorities of Certain Shareholders | PDF · Subscribers | |
| Brief of Argument of Certain Shareholders | PDF · Subscribers | |
| Exhibits 1 - 5 of Affidavit of Natalie Levine | PDF · Subscribers | |
| Exhibits 6 - 13 of Affidavit of Natalie Levine | PDF · Subscribers | |
| Brief of Argument of The Initial Consenting Noteholders | PDF · Subscribers | |
| Monitor's 5th Report - Plan and Meeting Order | PDF · Subscribers | |
Monitor's 6th Report - Plan Fairness Opinion
| PDF · Subscribers | |
| Motion to Recognise Order Authorising Hedging Charge | PDF · Subscribers | |
| Motion to Seal | PDF · Subscribers | |
| Motion to Shorten Notice and Objection Periods | PDF · Subscribers | |
| Order Shortening Notice and Objection Periods | PDF · Subscribers | |
| Affidavit No.4 of Tim Granger | PDF · Subscribers | |
| Affidavit No.3 of Shane K. Abel | PDF · Subscribers | |
| Order (stay extension, ABL approval, and hedging charge) | PDF · Subscribers | |
Reasons of Justice Yamauchi from the November 27, 2013 hearing
| PDF · Subscribers | |
Transcript of Proceedings
| PDF · Subscribers | |
| Monitor's Fourth Report to Court | PDF · Subscribers | |
| Affidavit No. 3 Tim Granger | PDF · Subscribers | |
Service List as at November 25, 2013
| PDF · Subscribers | |
| Notice of Agenda of Matters Scheduled for Hearing on November 20, 2013 | PDF · Subscribers | |
| Supplemental Brief of Certain Shareholders | PDF · Subscribers | |
| Supplemental Brief of Certain Shareholders - Tab 1 | PDF · Subscribers | |
| Supplemental Brief of Certain Shareholders - Tab 2 | PDF · Subscribers | |
| Supplemental Brief of Certain Shareholders - Tab 3 | PDF · Subscribers | |
| Monitor's Certificate - Stay Extension | PDF · Subscribers | |
| Authorities | PDF · Subscribers | |
| Monitor's Third Report to Court | PDF · Subscribers | |
| Affidavit of Shane Abel | PDF · Subscribers | |
| Shane Abel - Cross-Examination Exhibit A | PDF · Subscribers | |
| Shane Abel - Cross-Examination Exhibit B | PDF · Subscribers | |
| Shane Abel - Cross-Examination Exhibit C | PDF · Subscribers | |
| Shane Abel - Cross-Examination Exhibit D | PDF · Subscribers | |
| Shane Abel - Cross-Examination Exhibit E | PDF · Subscribers | |
| Shane Abel - Cross-Examination Transcript November 7, 2013 | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit 1 | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit 2 | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit 3 | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit 4 | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit 5 | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit 6 | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit 7 | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit A | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit B | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit C | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit D | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit E | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit F | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit G | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit H | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit I | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit J | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit K | PDF · Subscribers | |
| Cross Examination of James Olson - Exhibit L | PDF · Subscribers | |
| Cross Examination of James Olson - Transcript | PDF · Subscribers | |
Compendium of Documents
| PDF · Subscribers | |
| Book of Authorities of Certain Shareholders (1 of 6) | PDF · Subscribers | |
| Book of Authorities of Certain Shareholders (2 of 6) | PDF · Subscribers | |
| Book of Authorities of Certain Shareholders (3 of 6) | PDF · Subscribers | |
| Book of Authorities of Certain Shareholders (4 of 6) | PDF · Subscribers | |
Book of Authorities of Certain Shareholders (5 of 6)
| PDF · Subscribers | |
Book of Authorities of Certain Shareholders (6 of 6)
| PDF · Subscribers | |
| Brief of Argument of Certain Shareholders of Lone Pine Resources | PDF · Subscribers | |
| Affidavit of James S. Olson - Part 1 | PDF · Subscribers | |
| Affidavit of James S. Olson - Part 2 | PDF · Subscribers | |
| Affidavit of Robert K. Law | PDF · Subscribers | |
| Application of counsel to certain shareholders of Lone Pine Resources | PDF · Subscribers | |
October 24, 2013 Application
| PDF · Subscribers | |
| Order (Stay Extension and Certain Mechanics for Meetings) | PDF · Subscribers | |
| Order Specifically Recognising Canadian Court Order | PDF · Subscribers | |
| Supplemental to the Monitor's Second Report to Court | PDF · Subscribers | |
| Affidavit No. 2 of Tim Granger | PDF · Subscribers | |
| Monitor's Second Report to Court | PDF · Subscribers | |
| Recognition of Foreign Main Proceeding Order | PDF · Subscribers | |
Claims Procedure Order
| PDF · Subscribers | |
| Cover Letter to Claims Package | PDF · Subscribers | |
| Instruction Letter for Proof of Claim | PDF · Subscribers | |
| Newspaper Notice to Claimants | PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
| Monitor's First Report to Court | PDF · Subscribers | |
| Notice of Motion and Hearing | PDF · Subscribers | |
| Claims Procedures Order Application | PDF · Subscribers | |
| Company's Letter to Creditors | PDF · Subscribers | |
| Notice of Recognition Hearing | PDF · Subscribers | |
| Notice to the Creditors | PDF · Subscribers | |
| Order Authorising Joint Administration - Lone Pine Resources (Holdings) Inc. | PDF · Subscribers | |
| Order Authorising Joint Administration - Lone Pine Resources Canada Ltd. | PDF · Subscribers | |
| Order Authorising Joint Administration - Lone Pine Resources Inc. | PDF · Subscribers | |
| Order Authorising Joint Administration - Wiser Delaware, LLC | PDF · Subscribers | |
| Order Authorising Joint Administration - Wiser Oil Delaware, LLC | PDF · Subscribers | |
| Order Granting Provisional Relief (Foreign Proceedings) | PDF · Subscribers | |
| Order Scheduling Hearing and Specifying The Form and Manner of Service of Notice | PDF · Subscribers | |
| Order to File Consolidated List | PDF · Subscribers | |
| Affidavit of Tim Granger | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 1 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 10 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 11 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 12 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 13 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 15 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 16 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 17 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 18 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 19 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 2 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 20 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 21 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 22 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 23 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 24 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 3 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 4 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 5 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 6 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 7 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 8 | PDF · Subscribers | |
| Affidavit of Tim Granger - Exhibit 9 | PDF · Subscribers | |
CCAA Initial Order
| PDF · Subscribers | |
| Lone Pine Resources Press Release | PDF · Subscribers | |
Originating Application
| PDF · Subscribers | |
| Proposed Monitor's Pre-Filing Report to Court | PDF · Subscribers | |
Creditor Listing (for creditor's >$1000)
| 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., “Lone Pine Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Wiser Delaware, LLC, and Wiser Oil Delaware, LLC” (CCAA), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/lone-pine-resources-canada-ltd-direct-and-indirect-wholly-owned-subsidiaries-lon