Proceedings.

Repsol Oil & Gas Canada Inc.

ActiveFollow
Proceeding
Winding-up (CBCA)CANADA BUSINESS CORPORATIONS ACT, R.S.C. 1985, C. C-44
Court
Court of King's Bench of Alberta
File
2301-13799
Industry
Energy · Oil & gas production
Filings held37
Last activity25 Apr 2024
On the record1,099 days
OverviewSummary updated

Repsol Oil & Gas Canada Inc. is being wound up under the Canada Business Corporations Act, in proceedings it brought itself in the Court of King's Bench of Alberta on November 2, 2023 under court file 2301-13799. The application invoked section 217 of the CBCA, and Ernst & Young Inc. is acting as liquidator. The proceeding remains active.

Proceedings AIOpen Proceedings AI⁠
Ask in plain language. The answer comes only from this case’s filings, each one cited.
Enter to send · Shift+Enter for a new line
Open this case in Proceedings AI⁠Save your chats, keep long conversations going, and ask across every case.
Case updates38 dated entries
#Sale

The court granted an approval and vesting order. Sealed: Confidential Documents (Affidavit of Service, Confidential Appendix to Second Report, Confidential Appendices to Second Supplement, Affidavit of Kelly Stenabaugh).

Source: Trust Approval and Vesting Order

#Report

The officer filed report no. Second Report of the Liquidator. Following the closing of the Peyto Transaction, ROGCI has divested substantially all of its oil and gas exploration and production business and is now winding down remaining obligations (payroll, severance, pension, leases, litigation) in preparation for its dissolution and the transfer of remaining assets and liabilities to a liquidating trust.

Source: Second Report of the Liquidator

#Sale

The court granted an approval and vesting order for the sale to Repsol Exploración, S.A.U. Closing terms, as extracted: Vesting occurs upon delivery of the Liquidator's Closing Certificate confirming payment and satisfaction of closing conditions.

Source: Certified sale approval vesting order

#Sale

The court granted an approval and vesting order for the sale to Repsol Exploración, S.A.U. Closing terms, as extracted: Vesting effective upon delivery of the Liquidator's Closing Certificate.

Source: Sale Approval and Vesting Order

#Order

Initial order granted on the company's own application, opening the court-supervised winding-up under section 217 of the CBCA, with Ernst & Young Inc. as liquidator.

Source: Initial Order

Parties

Debtor

Repsol Oil & Gas Canada Inc.

Liquidator

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice NeufeldCourt of King's Bench of Alberta2 orders, Nov 202345 cases on record

Counsel of record

PartyCounselFirst seenSource
LiquidatorEYMLT Aikins LLP18 Oct 2023Service list · 18 Oct 2023
DebtorRepsol Oil & Gas Canada Inc.Bennett Jones LLP · MLT Aikins LLP18 Oct 2023Service list · 31 Oct 2023
CreditorCANADIAN QUANTUM ENERGY CORPORATIONStikeman Elliott LLP18 Oct 2023Service list · 18 Oct 2023
CreditorJX ENERGY LTD. (formerly PERSTA RESOURCES INC.)McCarthy Tétrault LLP27 Oct 2023Service list · 27 Oct 2023
Sale processAs stated in the filings

3 transactions · 3 closed — the sale of the PPA Receivable to REXSA closedSupplement to the Second Report of the Liquidator · 28 Nov 2023

PurchaserPriceStatusSource
Repsol Exploración, S.A.U.Related partyall of ROGCI's right, title and interest in and to the purchase price adjustment receivable described in the Sale Agreement (the ' Purchased Assets ') · asset sale · nominee/assignee: its nominee · agreement 13 Nov 2023not statedCloseddate not statedLiquidator's Certificate
Peyto Exploration & Development Corp. and Peyto Energy Corp.all or substantially all of ROGCI's upstream oil and gas business...through the transfer of all of ROGCI and Holdco's equity interests in RCEP · share salenot statedClosed17 Oct 2023Second Report of the Liquidator
REXSAthe PPA Receivable · asset sale · ResidualCo: TLM Residual Asset TrustSubscribersClosed24 Nov 2023Supplement to the Second Report of the…
Closing termsVesting effective upon delivery of the Liquidator's Closing CertificateSale Approval and Vesting Order
Sealed materialsConfidential Documents (Affidavit of Service, Confidential Appendix to Second Report, Confidential Appendices to Second Supplement, Affidavit of Kelly Stenabaugh)Trust Approval and Vesting Order
Estate financialsReported figures — never derived
Total assets at filing
Total liabilities at filing

As at ·

Cumulative receipts

$694K USD

As at 20 Nov 2023Second Report of the Liquidator

Cumulative disbursements

As at

Cash on hand

As at

Professional fees

As at

3 more reported figures, and the 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

Start 5-day trial

Card required. Nothing charged for 5 days. Cancel anytime.

Already a subscriber? Sign in.

See all plans⁠
Documents
37 filings
DateDocumentFile
2023 ESTMA CertificatePDF · Subscribers
2023 ESTMA ReportPDF · Subscribers
Certificate of LiquidatorPDF · Subscribers
Trust Approval and Vesting Order
  • Order date 8 December 2023
  • Presiding officer Justice C. M. Jones
  • Residualco TLM Residual Asset Trust (trust)
  • Sealed items Confidential Documents (Affidavit of Service, Confidential Appendix to Second Report, Confidential Appendices to Second Supplement, Affidavit of Kelly Stenabaugh)
  • + 1 more extracted fact
PDF · Subscribers
Supplement to the Second Report of the Liquidator
  • Closing confirmed Closed · 24 Nov 2023 · REXSA
  • Purchaser REXSA · PPA Receivable under the Peyto Transaction · asset sale · closed
  • Sale outcome Sale closed — the sale of the PPA Receivable to REXSA closed
  • Financial position Subscribers
  • + 1 more extracted fact
PDF · Subscribers
Liquidator's Certificate
  • Closing confirmed Closed · date not stated · Repsol Exploración, S.A.U.
PDF · Subscribers
Certified sale approval vesting order
  • Closing terms Vesting occurs upon delivery of the Liquidator's Closing Certificate confirming payment and satisfaction of closing conditions.
  • Order date 17 November 2023
  • Presiding officer Justice R.A. Neufeld
  • Purchaser Repsol Exploración, S.A.U. · nominee/assignee its nominee · all of ROGCI's right, title and interest in and to the purchase price adjustment receivable described in the Sale Agreement (the 'Purchased Assets') · asset sale · approved
  • + 1 more extracted fact
PDF · Subscribers
Letter to Service List - November 20th, 2023
  • Counsel Mlt Aikins LLP
PDF · Subscribers
Second Report of the Liquidator
  • Closing confirmed Closed · 17 Oct 2023 · Peyto Exploration & Development Corp. and Peyto Energy Corp.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Supplemental Affidavit of Greg ThomasPDF · Subscribers
Supplemental Brief of the ApplicantPDF · Subscribers
Repsol Service List
  • Counsel Bennett Jones LLP
PDF · Subscribers
Application for Sale Approval and Vesting Order
  • Closing terms Vesting effective upon delivery of Liquidator's Closing Certificate to the Purchaser (or its nominee)
  • Order date 17 November 2023
  • Sale outcome Sale approved — The Transaction is hereby approved
  • Stalking horse Subscribers
PDF · Subscribers
Brief of Law and Authorities of the Liquidator in Support of Application for Sale Approval and Vesting OrderPDF · Subscribers
First Report of the Liquidator
  • Closing confirmed Closed · 17 Oct 2023 · Peyto Exploration & Development Corp. and Peyto Energy Corp.
  • Purchaser Peyto Exploration & Development Corp. and Peyto Energy Corp. · all or substantially all of ROGCI's upstream oil and gas business...through the transfer of all of ROGCI and Holdco's equity interests in RCEP · share sale · closed; Repsol Exploración, S.A.U. (related party) · the purchase price adjustment (the 'PPA Receivable') due to ROGCI from Peyto Exploration & Development Corp. and Peyto Energy Corp. · asset sale · proposed
  • Sale outcome Approval pending — PPA Receivable sale to REXSA proposed and pending court approval; Peyto Transaction already closed
  • Stalking horse Subscribers
PDF · Subscribers
Notice to Creditors of Liquidation
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Repsol Service List - November 10 2023
  • Counsel Mlt Aikins LLP
PDF · Subscribers
Initial Order
  • Applicant Repsol Oil & Gas Canada Inc.
  • Appointee Ernst & Young Inc.
  • Appointee role liquidator
  • Commencement date 2 November 2023
  • + 4 more extracted facts
PDF · Subscribers
Repsol Service List - 31 October 2023
  • Counsel Mlt Aikins LLP
PDF · Subscribers
Service List
  • Counsel Bennett Jones LLP
PDF · Subscribers
Affidavit of Greg ThomasPDF · Subscribers
Supplement to the First Report of the Proposed Liquidator
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Affidavit of Pablo MartinezPDF · Subscribers
Affidavit of Pablo Martinez - exhibits 1-8PDF · Subscribers
Affidavit of Pablo Martinez - exhibits 9-25PDF · Subscribers
Brief of the Applicant (with authorities)PDF · Subscribers
First Report of the Proposed Liquidator
  • Applicant Repsol Oil & Gas Canada Inc.
  • Appointee Ernst & Young Inc.
  • Appointee role Liquidator
  • Court COURT OF KING’S BENCH OF ALBERTA
  • + 5 more extracted facts
PDF · Subscribers
Letter to Service List
  • Counsel Bennett Jones LLP
PDF · Subscribers
Originating Application
  • Applicant REPSOL OIL & GAS CANADA INC.
  • Appointee Ernst & Young Inc.
  • Appointee role liquidator
  • Court COURT OF KING'S BENCH OF ALBERTA
  • + 1 more extracted fact
PDF · Subscribers
2022 ESTMA CertificatePDF · Subscribers
2022 ESTMA ReportPDF · Subscribers
2021 ESTMA CertificatePDF · Subscribers
2021 ESTMA ReportPDF · Subscribers
2020 ESTMA CertificatePDF · Subscribers
2020 ESTMA ReportPDF · Subscribers
2019 ESTMA CertificatePDF · Subscribers
2019 ESTMA ReportPDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Repsol Oil & Gas Canada Inc.” (Winding-up (CBCA)), Court of King's Bench of Alberta. Retrieved 5 November 2026, https://proceedings.ca/case/repsol-oil-gas-canada-inc

Recently updated

Giftcraft Holdings, Inc., Ripskirt Hawaii, LLC et al.

Ontario · Receivership (court-appointed)

3 Nov 2026

Transport Bruno Harvey inc.

Quebec · Bankruptcy

3 Nov 2026

Sunshine Oilsands Ltd

Alberta · Receivership (court-appointed)

3 Nov 2026

RSG Law Professional Corporation

Ontario · Receivership (court-appointed)

3 Nov 2026

Sources last checked · summary updated 27 August 2026 · Report a correction · Printed from proceedings.ca/case/repsol-oil-gas-canada-inc

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.