Calgary oil company bankruptcies

A recent study from consulting firm XI Technologies of Calgary found the number of companies producing oil and gas in Western Canada has dropped by almost 300 or 17.5 per cent since 2014. According to Energy and Restructuring law firm Hayes and Boone’s, a grand total of 50 energy companies filed for bankruptcy during the first nine months of the year, including 33 oil and gas

Of the 208 bankruptcy filings, Texas led the list with 94. Colorado and Louisiana were far behind Texas with 11 filings each, while New York was in fourth place with 10. Canada overall had 18 oil After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019. The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from As per the data from law firm Haynes and Boone, about 42 oil companies filed for bankruptcy in 2019. Of the total bankruptcy filings over the past five-year period, 94 were from Texas, 11 each from Colorado and Louisiana and 10 from New York. Canada had about 18 oil and gas producer bankruptcy filings. Oil Patch Bankruptcy Monitor, which includes details on oil and gas producers that have filed for bankruptcy since the beginning of 2015 - most recent update: December 31, 2019. Bankruptcy: 2/22/2016: 3939421 Canada Inc. CCAA: 9/1/2015: 439288 BC Ltd. and Area Finance Inc. Bankruptcy: 11/2/2009: 50549 Newfoundland and Labrador Inc. Receivership: 3/16/2016: 605673 British Columbia Ltd. dba A&J First Aid: Bankruptcy: 4/26/2019: 660748 NB Inc. (operating under the name IRM Moncton MRI) Bankruptcy: 11/18/2013: 8039879 Canada Inc. CCAA: 9/1/2015 The 10 Biggest Energy Company Bankruptcies By Andrew Topf - Oct 10, Pacific Gas & Electric Company. Bankrupt April 6, 2001. Saudi Arabia’s Oil War Could Bankrupt The Kingdom.

4 days ago Varcoe: Bankruptcies, job losses worry province as oilpatch wrestles with grim outlook Under a new base-case scenario for the Canadian oil and gas industry this year, lower Chris Varcoe is a Calgary Herald columnist.

10 Mar 2020 A protest sign outside an energy company AGM (annual general meeting) being held in Calgary, Alberta. (Larry MacDougal/CP). Max Fawcett is a freelance writer and the former editor of Alberta Oil magazine. Alberta isn't Bankrupt oil companies are saddling Alberta landowners with 'orphan wells'. Alliance Oil Company was incorporated in Alberta in 1914 and struck from the register in 1930. Top Calgary Alberta Petroleum Ltd. - circa 1914 The company went into bankruptcy in 1970. 14 Aug 2019 Companies in financial distress often make financially difficult decisions before they have to declare bankruptcy. Calgary-based New West  Athabaskan Resource Company Limited Partnership, Bankruptcy, 10/14/2016 Calgary East Village Housing Society, Receivership, 2/25/2014 Lone Pine Resources (Holding) Inc., Wiser Delaware LLC, and Wiser Oil Delaware, LLC)  22 Jan 2020 CALGARY (660 NEWS) – Many rural municipalities say they're not getting Should the province step in and force bankrupt oil and gas  With extensive transactional and regulatory energy experience, the Firm's Oil and Gas lawyers advise clients across the entire industry — at every stage of the 

22 Jan 2020 The number of oil company bankruptcies rose 50% in 2019 over the previous year, as a slide in prices continued to shake producers in the 

22 Jan 2020 CALGARY (660 NEWS) – Many rural municipalities say they're not getting Should the province step in and force bankrupt oil and gas  With extensive transactional and regulatory energy experience, the Firm's Oil and Gas lawyers advise clients across the entire industry — at every stage of the  Lead Office. Calgary the completion of multiple sale transactions involving QRCI's oil and gas assets and FTI is an independent global business advisory firm. (Bankruptcy and Restructuring), Kristen Haines (Business) and Matthew Bell  31 Jan 2019 The Supreme Court ruled even bankrupt oil and gas companies are with headquarters in the small town of Okotoks, just south of Calgary. 21 Mar 2016 From Calgary to Queensland, oil and gas businesses are scrambling to Chapter 11 bankruptcy protection last year with about $2.4bn of debt. 19 Feb 2015 Suite 720, 440 – 2nd Avenue SW | Calgary, AB T2P 5E9 Palliser Oil & Gas Corporation – In Receivership (“Palliser” or the “Debtor. The number of oil and gas company bankruptcies in the United States and Canada rose 50 per cent in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to

Startup shale oil producer Alta Mesa Resources has filed bankruptcy less than two years after its formation, citing depressed oil prices and liquidity constraints resulting from “aggressive growth.” Alta Mesa’s share price has declined from a 52-week high of $4.83 per share a year ago to 7.7 cents at Wednesday’s close.

The number of oil and gas company bonds with yields of 10 per cent or more, a sign of distress, tripled in the past year, leaving 168 firms in North America, Europe and Asia holding this debt

A recent study from consulting firm XI Technologies of Calgary found the number of companies producing oil and gas in Western Canada has dropped by almost 300 or 17.5 per cent since 2014.

After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019. The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from The number of oil and gas company bonds with yields of 10 per cent or more, a sign of distress, tripled in the past year, leaving 168 firms in North America, Europe and Asia holding this debt CALGARY – The Alberta government has been keeping a tab of the clean-up costs bankrupt oil companies have handed over to the Orphan Well Association since a controversial court decision last year made it easier for companies to dump liabilities. That tab has now passed $100 million. PUBLISHED - Sep 6, 2019. Alberta business bankruptcies increased 53.8% year over year from 13 to 20 in July 2019. Consumer bankruptcies in Alberta increased by 11.5% from 427 in July 2018, to 476 in July 2019. 20 Months, 90 Bankruptcies In North-American Oil & Gas In June and July, nine companies filed for bankruptcy with roughly US$6.7 billion worth of debt, as the Haynes and Boone study shows.

31 Jan 2019 The Supreme Court ruled even bankrupt oil and gas companies are with headquarters in the small town of Okotoks, just south of Calgary.