Tallahassee Exploration Inc
- 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, and section 39 of the Law of Equity Act, RSBC 1996, c 253 or Rule 10-2 of the British Columbia Supreme Court C
- File
- 2401 14363
- Industry
- Energy · Oil & gas production
Tallahassee Exploration Inc. remains in court-appointed receivership in Alberta, under proceedings commenced on October 23, 2024 in the Court of King's Bench of Alberta under BIA s. 243 and provincial Judicature Act authority. The Canada Revenue Agency has advised the Receiver that it is owed approximately $7,000,000, an amount made up of unremitted source deductions, provincial income tax, and penalties and interest, as reported as of February 1, 2025. Approximately $4,000,000 of that figure is advanced as a deemed trust claim in respect of unremitted source deductions for the 2019 through 2023 taxation years, ranking as a deemed trust class quasi-governmental claim. The receivership is active.
Receiver's Certificate - Peyto Exploration & Development Corp. (Second) — Court officer certificate
The court granted an approval and vesting order for the sale to David Wilson. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate confirming payment of the Purchase Price, satisfaction/waiver of closing conditions, and completion of the Transaction.
The court granted an approval and vesting order for the sale to Peyto Exploration & Development Corp. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate, subject to AER approval of licence/permit transfers. Sealed: Confidential Supplement to the Fourth Report.
Source: Order Granted April 29 - (Filed) SAVO Peyto Exploration & Development Corp.
The court granted an approval and vesting order for the sale to Peyto Exploration & Development Corp. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate, subject to AER approval of license transfers. Sealed: Sale Agreement appended in redacted form; unredacted version in Confidential Supplement.
Source: Order Granted April 29 - (Filed) SAVO Peyto Exploration & Development Corp. (Second)
The officer filed report no. Fourth Report. The Receiver has substantially completed the sale process for Tallahassee's oil and gas licensed assets, filed multiple limited discharge certificates relinquishing remaining licensed properties, and is proceeding toward final discharge with no distribution expected to pre-filing creditors.
Source: Fourth Report of the Receiver - Filed April 20, 2026
Order Granted April 20, 2026 - (Filed) Restricted Court Access and Ancillary Relief — Application / notice of application
Receiver's Certificate - Third Limited Discharge - Filed March 25, 2026 — Court officer certificate
Receiver's Certificate - Second Limited Discharge - Filed Feb 13, 2026 — Court officer certificate
The court granted an approval and vesting order for the sale to N7 Energy Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate, subject to AER approval of license/permit transfers. Sealed: unredacted Sale Agreement in Confidential Supplement to the Third Report.
Bench Brief of the Receiver - 2401-14363 - Filed Jan. 8, 2026 — Application / notice of application
Brief of the Receiver In Support of the Application for Sale Approval and Vestings Orders - Filed Jan. 8, 2026 — Application / notice of application
The officer filed report no. Supplement to the Third Report. The Receiver is seeking approval of the RuralCo Transaction, which includes selling Tallahassee's gross overriding royalties, among them the Whitecap GOR. Whitecap objects to the sale of the Whitecap GOR and asserts set-off claims against royalties owed to Tallahassee. The Receiver questions the validity of the post-filing set-off claim (about $185,000 as of a few months ago) and recommends proceeding with the sale and dealing with the set-off after closing.
Source: Supplement to the Third Report of the Receiver - 2401-14363 - Filed Jan. 8, 2026
The officer filed report no. Third Report. The Receiver is closing out the estate: two further sale agreements (RuralCo, N7) are before the Court, further marketing of remaining assets is not considered beneficial, and a limited discharge is sought over the Disputed Assets and other remaining properties, while the Receiver maintains insurance, security monitoring and an emergency line.
Application: Sale Approval and Vesting Orders, Restricted Court Access, Limited Discharge, and Ancillary Relief — Application / notice of application
Order Granted Sep 24, 2025 - (Filed) Endrum Energy Corp. Sale Approval and Vesting Order — Approval and vesting order
The court granted an approval and vesting order for the sale to 2672682 Alberta Ltd. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Closing Certificate confirming payment of Purchase Price and satisfaction/waiver of closing conditions, subject to AER approval of licence transfers.
Source: Order Granted Sep 24, 2025 - (Filed) 2672682 AB Ltd. Sale Approval and Vesting Order
The officer filed report no. Second Report. The Receiver is marketing and selling Tallahassee's oil and gas licensed assets, with two new sale transactions before the Court, and proposes a limited discharge over remaining unsold properties while disputes over certain assets continue.
Application (Sale Approval and Vesting Orders, Restricted Access, etc.) Filed Sept. 9, 2025 — Application / notice of application
The court granted an approval and vesting order for the sale to Cabot Energy Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Closing Certificate, subject to AER approval of license transfers. Sealed: Sale Agreement appended in redacted form to First Report; unredacted form filed in Confidential Supplement.
Source: Order Granted Aug 21, 2025 - (Filed) SAVO Cabot Energy Inc.
The court granted an approval and vesting order for the sale to Mackenzie County. Closing terms, as extracted: Vesting effective upon delivery of the Receiver's Closing Certificate, subject to AER approval of license transfers. Sealed: unredacted Sale Agreement filed in Confidential Supplement.
Source: Order Granted Aug 21, 2025 - (Filed) SAVO Mackenzie County
Supplement to the First Report of the Receiver - 2401-14363 - Filed Aug. 18, 2025 — Court officer report
Application (Sale Approval and Vesting Order, Restricted Court Access etc.) - 2401-14363 - Filed Aug. 12, 2025 — Application / notice of application
Receiver's Certificate - BC Limited Discharge - Filed April 10, 2025 — Court officer certificate
The court appointed PricewaterhouseCoopers Inc. as receiver and manager, on the application of ORPHAN WELL ASSOCIATION and BRITISH COLUMBIA ENERGY REGULATOR. Court file 2401 - 14363.
Debtor
Tallahassee Exploration Inc
Receiver
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Bourque | Court of King's Bench of Alberta | 5 orders, Apr 2026 | 39 cases on record |
| Justice Harris | Court of King's Bench of Alberta | 3 orders, Jan 2026 | 28 cases on record |
| Justice Neilson | Court of King's Bench of Alberta | 3 orders, Aug 2025 | 63 cases on record |
| Justice Feasby | Court of King's Bench of Alberta | 2 orders, Sep 2025 | 39 cases on record |
| Justice Johnston | Court of King's Bench of Alberta | 2 orders, Oct 2024 | 55 cases on record |
Counsel of record
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Canada Revenue Agency · in 985 casesComprised of unremitted source deductions, provincial income tax, and penalties/interest; approximately $4,000,000 of this represents a deemed trust claim (Unremitted Source Deductions Claim) for years 2019-2023 - deemed trust class quasi-governmental claim — debtor: Tallahassee Exploration Inc. · as of 1 Feb 2025 | $7M | First Report of the Receiver - 2401-14363 - Filed Aug. 12, 2025 (Copy with Field Law Conf. Appendices Removed) (1) |
This 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.
9 transactions · 7 closed · 2 approved — The Transaction is approved and title will vest in the Purchaser upon delivery of the Receiver's Closing CertificateOrder Granted April 29 - (Filed) David Wilson · 29 Apr 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Red Angus Energy Inc.the Tallahassee's right, title and interest in and to the Purchased Assets · asset sale · agreement 8 Aug 2025 | not stated | Approved | Supplement to the First Report of the Receiver… |
| Cabot Energy Inc.all of the Debtor's right, title and interest in and to the Assets (as defined in the Sale Agreement) (the ' Purchased Assets ') · asset sale · agreement 8 Aug 2025 | Sealed | Closed3 Sep 2025 | Receiver's Certificate - Cabot Energy Inc. |
| Mackenzie Countyall of the Debtor's right, title and interest in and to the Assets (as defined in the Sale Agreement) (the 'Purchased Assets') · asset sale · agreement 15 Jul 2025 | Sealed | Closed10 Oct 2025 | Receiver's Certificate - Mackenzie County |
| 2672682 Alberta Ltd.all of the Debtor's right, title and interest in and to the Assets (as defined in the Sale Agreement) (the "Purchased Assets") · asset sale · agreement 8 Sep 2025 | not stated | Closed6 Oct 2025 | Receiver's Certificate - 2672682 Alberta Ltd. |
| Endrum Energy Corp.all of the Debtor's right, title and interest in and to the Assets (as defined in the Sale Agreement) (the "Purchased Assets") · asset sale · agreement 8 Sep 2025 | not stated | Approved24 Sep 2025 | Order Granted Sep 24, 2025 - (Filed) Endrum… |
| N7 Energy Ltd.all of the Debtor's right, title and interest in and to the Assets (as defined in the Sale Agreement) (the ' Purchased Assets ') · asset sale · agreement 13 Nov 2025 | Sealed | Closed23 Jan 2026 | Receiver's Certificate - N7 Energy Ltd. |
| RuralCo Resources Corp.all of the Debtor's right, title and interest in and to the Assets (as defined in the Sale Agreement) (the ' Purchased Assets ') · asset sale · agreement 12 Dec 2025 | Subscribers | Closed16 Jan 2026 | Receiver's Certificate - RuralCo Resources |
| David Wilsonall of the Debtor's right, title and interest in and to the Property (as defined in the Sale Agreement) (the 'Purchased Assets') · real property · nominee/assignee: its nominee · agreement 14 Apr 2026 | not stated | Closeddate not stated | Receiver's Certificate - 2054 Aspen Drive |
| Peyto Exploration & Development Corp.the Debtor's right, title and interest in and to the Purchased Assets listed in Schedule 'B' hereto · asset sale · agreement 9 Apr 2026 | Sealed | Closed7 May 2026 | Receiver's Certificate - Peyto Exploration &… |
Unsecured creditors: no distribution.Fourth Report of the Receiver - Filed April 20, 2026 · 20 Apr 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Tallahassee's pre-filing creditors | — | no distribution | per the receiver | Fourth Report of the Receiver - Filed April 20, 2026 · 20 Apr 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.
Cash on hand
$38.4K
As at 12 Dec 2025Third Report of the Receiver - Filed Dec. 19, 2025
Professional fees
As at
1 more reported figure
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Receiver's Certificate - 2054 Aspen Drive
| PDF · Subscribers | |
Receiver's Certificate - Peyto Exploration & Development Corp.
| PDF · Subscribers | |
Receiver's Certificate - Peyto Exploration & Development Corp. (Second)
| PDF · Subscribers | |
Order Granted April 29 - (Filed) David Wilson
| PDF · Subscribers | |
Order Granted April 29 - (Filed) Restricted Court Access, Final Distribution, Final Discharge, and Ancillary Relief
| PDF · Subscribers | |
Order Granted April 29 - (Filed) SAVO Peyto Exploration & Development Corp.
| PDF · Subscribers | |
Order Granted April 29 - (Filed) SAVO Peyto Exploration & Development Corp. (Second)
| PDF · Subscribers | |
Fourth Report of the Receiver - Filed April 20, 2026
| PDF · Subscribers | |
Order Granted April 20, 2026 - (Filed) Restricted Court Access and Ancillary Relief
| PDF · Subscribers | |
| Receiver's Certificate - Third Limited Discharge - Filed March 25, 2026 | PDF · Subscribers | |
| Receiver's Certificate - Second Limited Discharge - Filed Feb 13, 2026 | PDF · Subscribers | |
Receiver's Certificate - N7 Energy Ltd.
| PDF · Subscribers | |
Receiver's Certificate - RuralCo Resources
| PDF · Subscribers | |
| Bench Brief of the Receiver - 2401-14363 - Filed Jan. 8, 2026 | PDF · Subscribers | |
| Brief of the Receiver In Support of the Application for Sale Approval and Vestings Orders - Filed Jan. 8, 2026 | PDF · Subscribers | |
Order Granted Jan 8, 2026 - (Filed) Restricted Court Access and Ancillary Relief
| PDF · Subscribers | |
Order Granted Jan 8, 2026 - (Filed) SAVO N7 Energy
| PDF · Subscribers | |
Order Granted Jan 8, 2026 - (Filed) SAVO RuralCo Resources
| PDF · Subscribers | |
Supplement to the Third Report of the Receiver - 2401-14363 - Filed Jan. 8, 2026
| PDF · Subscribers | |
Application: Sale Approval and Vesting Orders, Restricted Court Access, Limited Discharge, and Ancillary Relief
| PDF · Subscribers | |
| Letter to Service List | PDF · Subscribers | |
Third Report of the Receiver - Filed Dec. 19, 2025
| PDF · Subscribers | |
| Receiver's Certificate - Limited Discharge - Filed Dec 4, 2025 | PDF · Subscribers | |
Receiver's Certificate - Cabot Energy Inc.
| PDF · Subscribers | |
Receiver's Certificate - Mackenzie County
| PDF · Subscribers | |
Receiver's Certificate - 2672682 Alberta Ltd.
| PDF · Subscribers | |
Order Filed Sep 24, 2025 - Restricted Court Access and Ancillary Relief
| PDF · Subscribers | |
Order Granted Sep 24, 2025 - (Filed) 2672682 AB Ltd. Sale Approval and Vesting Order
| PDF · Subscribers | |
Order Granted Sep 24, 2025 - (Filed) Endrum Energy Corp. Sale Approval and Vesting Order
| PDF · Subscribers | |
| Application (Sale Approval and Vesting Orders, Restricted Access, etc.) Filed Sept. 9, 2025 | PDF · Subscribers | |
Second Report of the Receiver - Filed Sept. 9, 2025
| PDF · Subscribers | |
Order Granted Aug 21, 2025 - (Filed) Restricted Court Access and Other Misc Relief
| PDF · Subscribers | |
Order Granted Aug 21, 2025 - (Filed) SAVO Cabot Energy Inc.
| PDF · Subscribers | |
Order Granted Aug 21, 2025 - (Filed) SAVO Mackenzie County
| PDF · Subscribers | |
Supplement to the First Report of the Receiver - 2401-14363 - Filed Aug. 18, 2025
| PDF · Subscribers | |
Application (Sale Approval and Vesting Order, Restricted Court Access etc.) - 2401-14363 - Filed Aug. 12, 2025
| PDF · Subscribers | |
First Report of the Receiver - 2401-14363 - Filed Aug. 12, 2025 (Copy with Field Law Conf. Appendices Removed) (1)
| PDF · Subscribers | |
Service List - 2401-14363 - Last Update Aug. 12_ 2025
| PDF · Subscribers | |
| Affidavit of Ghazanfar Zafar, filed August 11, 2025 | PDF · Subscribers | |
Application - filed August 11, 2025
| PDF · Subscribers | |
| Receiver's Certificate - BC Limited Discharge - Filed April 10, 2025 | PDF · Subscribers | |
| Tallahassee 245 246 Report | PDF · Subscribers | |
British Columbia - Receivership Recognition Order
| PDF · Subscribers | |
Receivership Order - Tallahassee Exploration Inc.
| PDF · Subscribers | |
| Affidavit of Lars De Pauw (with Exhibits) - filed October 18, 2024 | PDF · Subscribers | |
| Affidavit of Michael Janzen (with Exhibits) - filed October 18, 2024 | PDF · Subscribers | |
Application to appoint Receiver - filed Oct 18, 2024
| PDF · Subscribers | |
| Joint Brief of the Applicants - filed October 17, 2024 | 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., “Tallahassee Exploration Inc” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/tallahassee-exploration-inc