#Filing
Application (Final Distribution and Receiver's Discharge) — Application / notice of application
US Oil Sands Inc.
FollowClosed
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
OverviewSummary updated
US Oil Sands Inc. was placed in court-appointed receivership on September 14, 2017 in the Court of King's Bench of Alberta, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The Receiver's Notice and Statement reported combined book-value assets of US Oil Sands Inc. and US Oil Sands (Utah) Inc. of $73,898,000 as at June 30, 2017, drawn from unaudited statements the Receiver did not verify and on which it offered no view of realizable value; exploration and evaluation assets accounted for $69,547 thousand of that figure. Anchorage Capital Group was shown as secured for USD 10,000,000. Unsecured claims as at September 19, 2017 were listed in Canadian and US dollar schedules, the largest being Stubbs & Stubbs Oilfield Construction at USD 944,694 and the State of Utah Trust Lands Administration at USD 265,914. The proceeding is closed.
Proceedings AIAsk this case — answers cite the filings
Case updates15 dated entries
12 earlier updates, back to 14 September 2017 — subscribers.
Parties
Debtor
US Oil Sands Inc.
Receiver
FTI
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Anchorage Capital GroupListed in $000's as 10,000 USD in Notice and Statement of the Receiver liabilities summary — debtor: US Oil Sands Inc. and US Oil Sands (Utah) Inc. · as of 19 Sep 2017 | $10M USD | Notice to Creditors |
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents
15 filings
| Date | Document | File |
|---|---|---|
| Application (Final Distribution and Receiver's Discharge) | PDF · Subscribers | |
Final Distribution and Discharge Order
| PDF · Subscribers | |
| Third Report of the Receiver | PDF · Subscribers | |
| Sale Approval and Vesting Order | PDF · Subscribers | |
| Application (Approval and Vesting Order) | PDF · Subscribers | |
| First Report of the Receiver | PDF · Subscribers | |
| Second Report of the Receiver | PDF · Subscribers | |
| Supplemental Report to the First Report of the Receiver | PDF · Subscribers | |
| Application - Stalking Horse & Sales Solicitation Process | PDF · Subscribers | |
February 16, 2018 Order - filed
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Affidavit of Stephen Lehner | PDF · Subscribers | |
| Application (Appoint Receiver) | PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| Statement of Claim | 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., “US Oil Sands Inc.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 21 September 2026, https://proceedings.ca/case/us-oil-sands-inc