Proceedings.

Long Run Exploration Ltd.

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Proceeding
Receivership (court-appointed)section 13(2) of the Judicature Act, RSA 2000, c J-2, section 99(a) of the Business Corporations Act, RSA 2000, c B-9 and section 106.1 of the Oil and Gas Conservation Act, RSA 2000, c O-6
Court
Court of King's Bench of Alberta
File
2401 09247
Filings held77
Last activity26 Jun 2026
On the record565 days
Secured debtSubscribers
OverviewSummary updated

Long Run Exploration Ltd. is in court-appointed receivership in the Court of King's Bench of Alberta under section 243 of the BIA and provincial Judicature Act authority, file 2401 09247, on an application filed February 26, 2025; the receivership date is March 5, 2025. The Receiver's statement, drawn from the company's books and records, reports total assets of CAD $640,483,000, combining cash as at March 5, 2025, accounts receivable as at March 10, 2025, and inventory, prepaid expenses and property and equipment as at January 31, 2025. No liabilities figure is presented. Secured parties as at March 5, 2025 include Calgary Sinoenergy Investment Corp. at $558,356,000, China Construction Bank, Toronto Branch at $350,097,000, and the Municipal District of Smoky River No. 130 at $1,070,000; amounts owed to fourteen other listed secured parties are recorded as unknown. The proceeding remains active.

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Case updates78 dated entries
#Sale

The court granted an approval and vesting order for the sale to Gheorghii Iftimii. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of Closing conditions. Sealed: unredacted Sale Agreement in Confidential Supplement.

Source: Clear Hills Property Approval and Vesting Order (Sale by Receiver)

#Sale

The court granted an approval and vesting order for the sale to Laurie Michalchuk. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions. Sealed: unredacted Sale Agreement appended to Confidential Supplement.

Source: High Level Property Approval and Vesting Order (Sale by Receiver)

75 earlier updates, back to 5 March 2025 — subscribers.

AnalysisAll insights⁠

Case update

Long Run: the facility leaked, and then was given up

The Orphan Well Association applied for this receivership. In March a loading line at a shut-in facility in northern Alberta froze and broke, and hydrocarbons spread downhill off lease onto a neighbour's land — a clean-up now costing about $2.75 million. Three weeks later the receiver issued a limited discharge certificate covering that facility along with every other unsold licensed asset.

Parties

Debtor

Long Run Exploration Ltd.

Applicant

Orphan Well Association

Receiver

PwC

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredCalgary Sinoenergy Investment Corp.as of March 5, 2025 — Listed in Receiver's statement of secured parties (table in $000's, multiplied accordingly). A much larger figure ($560,929,215.59) for the same named party also appears separately in the Schedule 'A' unsecured creditors list on original page 13; document does not clarify relationship between the two listings, so both are reported as stated in their respective schedules. — debtor: Long Run Exploration Ltd.$558MNotice of Receiver 245(1), 246(1)
16 more claims across lower-ranking classesSubscribe to view⁠
Sale processAs stated in the filings

23 transactions · 17 closed · 6 approved — The Transaction is hereby approved and execution of the Sale Agreement by the Receiver is hereby authorized and approvedPeoria Property Approval and Vesting Order (Sale by Receiver) · 26 Jun 2026

Bid deadline (round closed)

19 June 2025

Amended SISP Approval Order - filed June 10, 2025

PurchaserPriceStatusSource
Baytex Energy Ltd.the Amended Purchased Assets · asset sale · agreement 26 Sep 2025SubscribersClosed22 Oct 2025Receiver's Certificate - Baytex Energy Ltd.
Red Angus Energy Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 11 Sep 2025not statedClosed22 Oct 2025Receiver's Certificate - Red Angus Energy Inc.
Ridgeline Exploration Inc.the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 11 Sep 2025not statedClosed22 Oct 2025Receiver's Certificate - Ridgeline Exploration…
Barrel Oil Corp.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 23 Oct 2025not statedClosed18 Dec 2025Receiver's Certificate - Barrel Oil Corp.
Barrel Oil Corp.the Amended Purchased Assets · asset sale · agreement 3 Sep 2025not statedApproved15 Dec 2025Order (Amendment to Approval and Vesting Order…
Canadian Natural Resources Limitedthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 13 Nov 2025not statedClosed18 Dec 2025Receiver's Certificate - Canadian Natural…
Cardinal Energy Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 29 Oct 2025not statedClosed17 Dec 2025Receiver's Certificate - Cardinal Energy Ltd.
Clampett Energy Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 18 Nov 2025not statedClosed17 Dec 2025Receiver's Certificate - Clampett Energy Ltd.
Coelacanth Energy Inc.the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 3 Nov 2025not statedClosed17 Dec 2025Receiver's Certificate - Coelacanth Energy Inc.
Conifer Energy Inc.the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 20 Nov 2025not statedClosed18 Dec 2025Receiver's Certificate - Conifer Energy Inc.
North 40 Resources Ltd.the Debtor's right, title and interest in and to the "Assets" as defined in the Sale Agreement (the " Purchased Assets ") · asset sale · agreement 21 Nov 2025not statedClosed13 Jan 2026Receiver's Certificate - North 40 Resources Ltd.
Outpost Energy Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 25 Nov 2025not statedClosed18 Dec 2025Receiver's Certificate - Outpost Energy Inc.
Ovintiv Canada ULCthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 21 Nov 2025not statedClosed18 Dec 2025Receiver's Certificate - Ovintiv Canada ULC
Paramount Resources Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 21 Nov 2025not statedClosed18 Dec 2025Receiver's Certificate - Paramount Resources…
unnamedthe Court-approved transactions set forth in the December Application pertaining to certain of Long Run's Licensed Assetsnot statedCloseddate not statedFourth Report of the Receiver
Mancal Energy Inc.the Purchased Assets as defined in the Mancal APA, as amended by the Mancal APA Amending Agreement · asset sale · agreement 27 Jan 2026SubscribersClosed1 Apr 2026Receiver's Certificate - Mancal Energy Inc.
Alberta Energy Regulatorthe Discharged Propertiesnot statedClosed7 Apr 2026Receiver's Certificate - Limited Discharge
Barrel Oil Corp.amends the listing of Purchased Assets as defined in the Barrel APA · asset sale · agreement 9 Jun 2026not statedApproved26 Jun 2026Approval of Amending Agreements; Approval of…
Gheorghii Iftimiithe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · nominee/assignee: or its nominee · agreement 4 Jun 2026SubscribersApproved26 Jun 2026Approval of Amending Agreements; Approval of…
HoseRentals.com LTD.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 4 Jun 2026SubscribersClosed18 Dec 2025Receiver's Certificate - Ember Resources Inc.
Laurie Michalchukthe Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: or its nominee · agreement 8 Jun 2026SubscribersApproved26 Jun 2026Approval of Amending Agreements; Approval of…
Mancal Energy Inc.amends the listing of Purchased Assets as defined in the Mancal APA · asset sale · agreement 3 Jun 2026not statedApproved26 Jun 2026Approval of Amending Agreements; Approval of…
Prestville Farms Ltd.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · nominee/assignee: its nominee · agreement 4 Jun 2026SubscribersApproved26 Jun 2026Approval of Amending Agreements; Approval of…
AdvisorsSayer Energy Advisors (sale agent); Royal LePage The Realty Group (listing broker); M&M Real Estate (listing broker); Re/Max Excellence (listing broker)Approval of Amending Agreements; Approval of Sale and Vesting Title;…
Closing termsVesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of Article 12 closing conditions, and completion of the Transaction.Redwater Property Approval and Vesting Order (Sale by Receiver)
Sealed materialsunredacted copy of the Baytex APA Amending Agreement; unredacted copy of the Sale Agreement in the Confidential Supplement to the Fourth Report; Confidential Supplement to the Fifth Report; unredacted Sale Agreement appended to Confidential Supplement; unredacted Sale Agreement in Confidential Supplement; unredacted Sale AgreementOrder (Amendment to Approval and Vesting Order Baytex Energy Ltd)
RecoveriesAs stated in the filings

Alberta Energy Regulator: a distribution.Fourth Report of the Receiver · 16 Mar 2026

ClassCreditorClaimsRecoveryBasisSource
class not placedAlberta Energy RegulatorAlberta Energy Regulator—a distributioninterimconditionalper the receiverFourth Report of the Receiver · 16 Mar 2026

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 stated figures across 1 outcome, each sourcedSubscribe to view⁠
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents
77 filings
DateDocumentFile
Clear Hills Property Approval and Vesting Order (Sale by Receiver)
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of Closing conditions
  • Order date 26 June 2026
  • Purchaser Gheorghii Iftimii · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved
  • Sale outcome Sale approved — The Transaction is hereby approved
  • + 2 more extracted facts
PDF · Subscribers
High Level Property Approval and Vesting Order (Sale by Receiver)
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions
  • Order date 26 June 2026
  • Purchaser Laurie Michalchuk · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sealed items unredacted Sale Agreement appended to Confidential Supplement
  • + 1 more extracted fact
PDF · Subscribers
Order (Amendment to Approval and Vesting Order: Barrel Oil Corp.)
  • Order date 26 June 2026
  • Presiding officer Justice A. G. Kuntz
  • Stalking horse Subscribers
PDF · Subscribers
Order (Amendment to Approval and Vesting Order: Mancal Energy Inc.)
  • Order date 26 June 2026
  • Presiding officer Justice A. G. Kuntz
  • Purchaser Mancal Energy Inc. · the Purchased Assets as defined in the Mancal APA, as amended by the Mancal APA Amending Agreement · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Order (Sealing; Approval of Receiver's Actions and Adjourning Approval of Professional Fees)
  • Presiding officer Justice A. G. Kuntz
PDF · Subscribers
Peoria Property Approval and Vesting Order (Sale by Receiver)
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions under Article 12 of the Sale Agreement.
  • Order date 26 June 2026
  • Purchaser Prestville Farms Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sale outcome Sale approved — The Transaction is hereby approved and execution of the Sale Agreement by the Receiver is hereby authorized and approved
  • + 2 more extracted facts
PDF · Subscribers
Redwater Property Approval and Vesting Order (Sale by Receiver)
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of Article 12 closing conditions, and completion of the Transaction.
  • Order date 26 June 2026
  • Purchaser HoseRentals.com LTD. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sealed items unredacted Sale Agreement
  • + 1 more extracted fact
PDF · Subscribers
Approval of Amending Agreements; Approval of Sale and Vesting Title; Sealing; and Approval of Fees, R&D and Activities
  • Order date 26 June 2026
  • Purchaser Barrel Oil Corp. · amends the listing of Purchased Assets as defined in the Barrel APA · asset sale · approved; Mancal Energy Inc. · amends the listing of Purchased Assets as defined in the Mancal APA · asset sale · approved; Gheorghii Iftimii · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved; Prestville Farms Ltd. · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved; Laurie Michalchuk · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved; HoseRentals.com LTD. · nominee/assignee or its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · real property · approved
  • Sale advisor Sayer Energy Advisors (sale agent); Royal LePage The Realty Group (listing broker); M&M Real Estate (listing broker); Re/Max Excellence (listing broker)
  • Sealed items Confidential Supplement to the Fifth Report
  • + 1 more extracted fact
PDF · Subscribers
Fifth Report of the ReceiverPDF · Subscribers
2025 ESTMA Annual ReportPDF · Subscribers
Receiver's Certificate - Limited Discharge
  • Closing confirmed Closed · 7 Apr 2026 · Alberta Energy Regulator
PDF · Subscribers
Receiver's Certificate - Mancal Energy Inc.
  • Closing confirmed Closed · 1 Apr 2026 · Mancal Energy Inc.
PDF · Subscribers
Amended Approval and Vesting Order (Sale by Receiver)
  • Closing terms Vesting effective upon delivery of Receiver's Closing Certificate, subject to Energy Regulator approval of licence transfers
  • Order date 15 December 2025
  • Purchaser Coelacanth Energy Inc. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Coelacanth Energy Inc. Order (Amendment to Approval and Vesting Order)
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate confirming payment and satisfaction of closing conditions
  • Order date 31 March 2026
  • Presiding officer Justice G. S. Dunlop
  • Purchaser Coelacanth Energy Inc. · the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • + 1 more extracted fact
PDF · Subscribers
Cardinal Energy Ltd Order (Amendment to Approval and Vesting Order)
  • Order date 23 March 2026
  • Presiding officer Justice M. E. Burns
  • Stalking horse Subscribers
PDF · Subscribers
Highvale Energy Ltd. Order (Amendment to Approval and Vesting Order)
  • Order date 23 March 2026
  • Presiding officer Justice M. E. Burns
  • Stalking horse Subscribers
PDF · Subscribers
Mancal Energy Inc. Approval and Vesting Order (Sale by Receiver)
  • Closing terms Vesting subject only to AER approval, effective upon delivery of the Receiver's Closing Certificate
  • Order date 23 March 2026
  • Purchaser Mancal Energy Inc. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sealed items unredacted copy of the Sale Agreement in the Confidential Supplement to the Fourth Report
  • + 1 more extracted fact
PDF · Subscribers
Order (Interim and Future Distributions)
  • Presiding officer Justice M. E. Burns
PDF · Subscribers
Second Amended Receivership Order
  • Applicant ORPHAN WELL ASSOCIATION
  • Appointee PricewaterhouseCoopers Inc.
  • Appointee role receiver and manager
  • Commencement date 23 March 2026
  • + 3 more extracted facts
PDF · Subscribers
Fourth Report of the Receiver
  • Closing confirmed Closed · date not stated
  • Recovery outcome Entries: per unstated · Stated on: 2026-03-16 · Table missing:
  • Sale advisor Sayer Energy Advisors (financial advisor)
  • Sale outcome Approval pending — Receiver seeking approval of one proposed transaction and two amending agreements relating to previously approved transactions
  • + 1 more extracted fact
PDF · Subscribers
Receiver's Certificate - North 40 Resources Ltd.
  • Closing confirmed Closed · 13 Jan 2026 · North 40 Resources Ltd.
PDF · Subscribers
Receiver's Certificate - Barrel Oil Corp.
  • Closing confirmed Closed · 18 Dec 2025 · Barrel Oil Corp.
PDF · Subscribers
Receiver's Certificate - Canadian Natural Resources Limited
  • Closing confirmed Closed · 18 Dec 2025 · Canadian Natural Resources Limited
PDF · Subscribers
Receiver's Certificate - Conifer Energy Inc.
  • Closing confirmed Closed · 18 Dec 2025 · Conifer Energy Inc.
PDF · Subscribers
Receiver's Certificate - Ember Resources Inc.
  • Closing confirmed Closed · 18 Dec 2025 · Ember Resources Inc.
PDF · Subscribers
Receiver's Certificate - Outpost Energy Inc.
  • Closing confirmed Closed · 18 Dec 2025 · Outpost Energy Ltd.
PDF · Subscribers
Receiver's Certificate - Ovintiv Canada ULC
  • Closing confirmed Closed · 18 Dec 2025 · Ovintiv Canada ULC
PDF · Subscribers
Receiver's Certificate - Paramount Resources Ltd.
  • Closing confirmed Closed · 18 Dec 2025 · Paramount Resources Ltd.
PDF · Subscribers
Receiver's Certificate - Cardinal Energy Ltd.
  • Closing confirmed Closed · 17 Dec 2025 · Cardinal Energy Ltd.
PDF · Subscribers
Receiver's Certificate - Clampett Energy Ltd.
  • Closing confirmed Closed · 17 Dec 2025 · Clampett Energy Ltd.
PDF · Subscribers
Receiver's Certificate - Coelacanth Energy Inc.
  • Closing confirmed Closed · 17 Dec 2025 · Coelacanth Energy Inc.
  • Sale outcome Sale closed — The Transaction has been completed to the satisfaction of the Receiver.
PDF · Subscribers
Receiver's Certificate - Highvale Energy Limited
  • Closing confirmed Closed · 17 Dec 2025 · Highvale Energy Limited
PDF · Subscribers
Receiver's Certificate - Obsidian Energy Ltd.
  • Closing confirmed Closed · 17 Dec 2025 · Obsidian Energy Ltd. and Obsidian Energy Partnership
PDF · Subscribers
Barrel Oil Corp. Approval and Vesting Order
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of conditions to Closing, subject only to Energy Regulator approval of licence/permit transfers.
  • Order date 15 December 2025
  • Purchaser Barrel Oil Corp. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Canadian Natural Resources Limited Approval and Vesting Order
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions
  • Order date 15 December 2025
  • Purchaser Canadian Natural Resources Limited · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Cardinal Energy Ltd. Approval and Vesting Order
  • Closing terms Vesting is subject to approval by the Alberta Energy Regulator and effective upon delivery of the Receiver's Closing Certificate
  • Order date 15 December 2025
  • Purchaser Cardinal Energy Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Clampett Energy Ltd. Approval and Vesting Order
  • Closing terms Vesting is effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction of closing conditions, subject to Energy Regulator approval of licence transfers.
  • Order date 15 December 2025
  • Purchaser Clampett Energy Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sale outcome Sale approved — Transaction approved and vesting order granted
  • + 1 more extracted fact
PDF · Subscribers
Coelacanth Energy Ltd. Approval and Vesting Order
  • Closing terms Vesting is subject to delivery of the Receiver's Closing Certificate confirming payment of purchase price and satisfaction of closing conditions, and subject only to approval by the Alberta Energy Regulator of transfer of applicable licenses, permits and approvals
  • Order date 15 December 2025
  • Purchaser Coelacanth Energy Ltd. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sale outcome Sale approved — The Transaction is hereby approved
  • + 1 more extracted fact
PDF · Subscribers
Conifer Energy Inc. Approval and Vesting Order
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate substantially in the form set out in Schedule A, subject to Energy Regulator approval of transfer of licenses/permits.
  • Order date 15 December 2025
  • Purchaser Conifer Energy Inc. · nominee/assignee its nominee · the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Discharge Order (of Builders' Lien)
  • Presiding officer Justice G. S. Dunlop
PDF · Subscribers
Ember Resources Inc. Approval and Vesting Order
PDF · Subscribers
Highvale Energy Limited Approval and Vesting Order
PDF · Subscribers
North 40 Resources Ltd. Certified Approval and Vesting Order
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of license transfers
  • Order date 15 December 2025
  • Purchaser North 40 Resources Ltd. · the Debtor's right, title and interest in and to the "Assets" as defined in the Sale Agreement (the " Purchased Assets ") · asset sale · approved
  • Sale outcome Sale approved — The Transaction is hereby approved
  • + 1 more extracted fact
PDF · Subscribers
Obsidian Energy Ltd. Approval and Vesting Order
PDF · Subscribers
Order (Amendment to Approval and Vesting Order Barrel Oil Corp.)
  • Presiding officer Justice G.S. Dunlop
  • Purchaser Barrel Oil Corp. · the Amended Purchased Assets · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Order (Amendment to Approval and Vesting Order Baytex Energy Ltd)
  • Order date 15 December 2025
  • Presiding officer Justice G.S. Dunlop
  • Purchaser Baytex Energy Ltd. · the Amended Purchased Assets · asset sale · approved
  • Sealed items unredacted copy of the Baytex APA Amending Agreement
  • + 1 more extracted fact
PDF · Subscribers
Order (Discharge of Fixed Charges)
  • Presiding officer Justice G.S. Dunlop
PDF · Subscribers
Order (Limited Discharge Over Remaining Licenses)
  • Presiding officer Justice G.S. Dunlop
PDF · Subscribers
Outpost Energy Ltd. Approval and Vesting Order
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate, subject to Alberta Energy Regulator approval of licence transfers
  • Order date 15 December 2025
  • Purchaser Outpost Energy Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Ovintiv Canada ULC Approval and Vesting Order
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price and satisfaction/waiver of closing conditions.
  • Order date 15 December 2025
  • Purchaser Ovintiv Canada ULC · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sale outcome Sale approved — The Transaction is hereby approved
  • + 1 more extracted fact
PDF · Subscribers
Paramount Resources Ltd. Approval and Vesting Order
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of license/permit transfers.
  • Order date 15 December 2025
  • Purchaser Paramount Resources Ltd. · nominee/assignee its nominee · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Sale outcome Sale approved — Transaction approved by the Court
  • + 1 more extracted fact
PDF · Subscribers
Third Report of the ReceiverPDF · Subscribers
Receiver's Certificate - Baytex Energy Ltd.
  • Closing confirmed Closed · 22 Oct 2025 · Baytex Energy Ltd.
PDF · Subscribers
Receiver's Certificate - Red Angus Energy Inc.
  • Closing confirmed Closed · 22 Oct 2025 · Red Angus Energy Inc.
PDF · Subscribers
Receiver's Certificate - Ridgeline Exploration Inc
  • Closing confirmed Closed · 22 Oct 2025 · Ridgeline Exploration Inc.
PDF · Subscribers
Receiver's Certificate - Sand Hills Div Corp Ltd
  • Closing confirmed Closed · 22 Oct 2025 · Sand Hills Div Corp Ltd.
PDF · Subscribers
Receiver's Certificate - Barrel Oil Corp. – dated 2025-10-15
  • Closing confirmed Closed · 15 Oct 2025 · Barrel Oil Corp.
PDF · Subscribers
Barrel Oil Corp. Approval and Vesting Order – dated 2025-10-14PDF · Subscribers
Baytex Energy Ltd. Approval and Vesting Order
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of licence/permit transfers
  • Order date 14 October 2025
  • Purchaser Baytex Energy Ltd. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Red Angus Energy Inc. Approval and Vesting Order
  • Closing terms Vesting effective upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of transfer of licenses/permits
  • Order date 14 October 2025
  • Purchaser Red Angus Energy Inc. · the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Ridgeline Exploration Inc. Approval and Vesting Order
  • Closing terms Vesting occurs upon delivery of the Receiver's Closing Certificate, subject to Energy Regulator approval of licence transfers
  • Order date 14 October 2025
  • Purchaser Ridgeline Exploration Inc. · nominee/assignee its nominee · the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Sand Hills Div Corp Ltd. Approval and Vesting Order
PDF · Subscribers
Sealing, Approving Receiver's Actions and Professional Fees Order
  • Presiding officer Justice D. R. Mah
PDF · Subscribers
Second Report of the ReceiverPDF · Subscribers
Unfiled Application for Approval and Vesting Order; Sealing; Approving Receiver's Actions and FeesPDF · Subscribers
2024 ESTMA Annual ReportPDF · Subscribers
Amended SISP Approval Order - filed June 10, 2025
  • Bid deadline 19 June 2025
  • Order date 10 April 2025
  • Presiding officer Justice L. K. Harris
  • Break fee Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Amended Receivership Order - filed April 10, 2025PDF · Subscribers
SISP Approval Order filed
  • Order date 10 April 2025
  • Presiding officer Justice L. K. Harris
  • Sale advisor Sayer Energy Advisors (sale agent)
  • Break fee Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Amended Application - filed April 4, 2025PDF · Subscribers
Application for Approval of a SISP - filed April 1, 2025PDF · Subscribers
First Report of the Receiver - filed April 1, 2025
  • Sale advisor Sayer Energy Advisors (sale agent)
  • Sale outcome Sale process approved — the Receiver plans to implement the SISP, subject to Court approval
  • Stalking horse Subscribers
PDF · Subscribers
Notice of Receiver 245(1), 246(1)
PDF · Subscribers
Receivership Order
  • Applicant ORPHAN WELL ASSOCIATION
  • Appointee PricewaterhouseCoopers Inc.
  • Appointee role Receiver
  • Commencement date 5 March 2025
  • + 4 more extracted facts
PDF · Subscribers
Affidavit of Lars De Pauw - filed Feb 26, 2025PDF · Subscribers
Brief of Argument - field Feb 26, 2025PDF · Subscribers
Receivership Application - field Feb 26, 2025
  • Commencement date 26 February 2025
  • Court COURT OF KING’S BENCH OF ALBERTA
  • Court file no 2401 09247
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., “Long Run Exploration Ltd.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/long-run-exploration-ltd

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Sources last checked · summary updated 12 August 2026 · Report a correction · Printed from proceedings.ca/case/long-run-exploration-ltd

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.