Richelhoff Resources Inc.
- Proceeding
- BankruptcyThe Bankruptcy and Insolvency Act, RSC 1985, ss 30(1) and 183(1)(d)
- File
- 24-3220361
- Industry
- Energy · Oil & gas production
Richelhoff Resources Inc. has been bankrupt under the BIA since May 7, 2025. Its Statement of Affairs listed Equipment and Machinery at $250,398.00 and other property — 65 well sites, a facility and tanks and pumps — at $460,398.00, against secured claims of $710,796.00 and unsecured claims of $4,754,823.81, totalling $5,465,619.81. Claims actually received by the Trustee as at 11:00 a.m. CST on May 22, 2025 stood at $1,806,719.11 secured and $1,946,904.88 unsecured, for a total of $3,753,623.99. Luseland Credit Union holds a general security agreement registered March 12, 2025 together with earlier equipment registrations and assignments of Crown petroleum and natural gas and surface leases; Bodkin and Vault Credit Corporation hold PMSI registrations over trucks and trailers. The Trustee estimates no recovery to unsecured creditors, is investigating a garage keepers lien over certain equipment, and has a trust audit pending to fix the CRA deemed-trust amount.
The officer filed report no. First Report. The Company ceased oil and gas operations in 2024 with wells shut in, and the Trustee is now working to realize on the remaining PNG Assets and Equipment and Machinery through negotiated sale transactions.
Source: First Report of the Trustee
Richelhoff Resources Inc. — Bankruptcy filed, Saskatchewan.
Source: Certificate of Appointment
Debtor
Richelhoff Resources Inc.
Trustee in bankruptcy
MNP
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Trustee in bankruptcyMNP | Robertson Stromberg LLP | 17 Mar 2026 | Application · 17 Mar 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Secured creditors (aggregate per Statement of Affairs) · in 37 casesas of Statement of Affairs — Aggregate secured claims per Statement of Affairs, encompassing the secured creditors described above; no per-creditor breakdown stated — Claims actually received as of May 22, 2025, 11:00 am CST totalled $1,806,719.11 (secured), differing from the Statement of Affairs figure — debtor: Richelhoff Resources Inc. | $711K | Trustee's Report to Creditors |
| 4 | Secured | |||
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured |
4 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no recovery.EstimatedTrustee's Report to Creditors · 22 May 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no recovery | Estimatedper the trustee | Trustee's Report to Creditors · 22 May 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.
As at ·
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 |
|---|---|---|
Confidential Supplement to the Frist Report of the Trustee
| PDF · Subscribers | |
| Draft Sale Approval and Vesting Order (Dark Eye) | PDF · Subscribers | |
| Draft Sale Approval and Vesting Order (Longhorn) | PDF · Subscribers | |
| Draft Sealing Order | PDF · Subscribers | |
| Redline Draft Sale Approval and Vesting Order (Dark Eye) | PDF · Subscribers | |
| Redline Draft Sale Approval and Vesting Order (Longhorn) | PDF · Subscribers | |
First Report of the Trustee
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
| Service List | PDF · Subscribers | |
Trustee's Report to Creditors
| PDF · Subscribers | |
First Meeting of Creditors' Package
| PDF · Subscribers | |
| Certificate of Appointment | 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., “Richelhoff Resources Inc.” (Bankruptcy), Court of King's Bench for Saskatchewan. Retrieved 4 November 2026, https://proceedings.ca/case/richelhoff-resources-inc