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MATTER OF MAHAN & ROWSEY, INC.

Bankruptcy Nos. BK-82-1390, BK-82-1623 and BK-82-1624.

27 B.R. 883 (1983)

In the Matter of MAHAN & ROWSEY, INC., Debtor-in-Possession. In Re MAHAN ENERGY CORP., Debtor-in-Possession. In Re ROWSEY PETROLEUM, INC., Debtor-in-Possession.

United States Bankruptcy Court, W.D. Oklahoma.

March 2, 1983.

Attorney(s) appearing for the Case

Charles W. Ellis, Oklahoma City, Okl., for WellTech, Inc.

Murray Cohen and Paul Tobin, Oklahoma City, Okl., for Mahan & Rowsey, Mahan Energy Corp., Rowsey Petroleum, Inc., debtors-in-possession.

Ann L. Faford, Oklahoma City, Okl., for Jones & Pellow Oil Co.

Herbert K. Kenney, Oklahoma City, Okl., for Mid-Plains Petroleum Co., Inc.

Robert C. Bailey, Oklahoma City, Okl., for Unsecured Creditors Committee.

Linda Williams, Oklahoma City, Okl., for D. McEntire Gold.

Michael C. Mordy, Oklahoma City, Okl., for Beacon Well Service, Inc.

MEMORANDUM OF DECISION AND ORDER

RICHARD L. BOHANON, Bankruptcy Judge.

Debtors in possession are in the business of producing oil and gas. They have applied for authorization to disburse funds attributable to oil produced from the Tanaka # 2 well which is in Oklahoma. The purchaser, Mid-Plains Petroleum Company, Inc., has paid the funds to the debtors in possession, which are being held pending determination of this motion. Notice was given to the interested...

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