IN RE MEG PETROLEUM CORP.

Bankruptcy No. 483-00769, Adv. Nos. 485-4133, 485-4134.

61 B.R. 14 (1986)

In re MEG PETROLEUM CORPORATION, Arroyo Drilling, a Partnership and Canyon Supply and Leasing, a Partnership, Debtors. MEG PETROLEUM CORPORATION, Arroyo Drilling, a Partnership and Canyon Supply and Leasing, a Partnership, v. HALLIBURTON SERVICES, et al. MEG PETROLEUM CORPORATION: Arroyo Drilling, a Partnership and Canyon Supply and Leasing, a Partnership, v. AWS WELL SERVICING COMPANY a/k/a American Well Servicing Co.

United States Bankruptcy Court, N.D. Texas, Fort Worth Division.

January 29, 1986.


Attorney(s) appearing for the Case

J. Michael Sutherland, Shannon, Gracey, Ratliff & Miller, Fort Worth, Tex., for debtor.

Susan F. Austin, Kemp, Smith, Duncan & Hammond, Midland, Tex., for Federal Deposit Ins. Corp.

Robert W. Jones, Thompson & Knight, Dallas, Tex., for Halliburton Services.

Charles M. Cobb, Dallas, Tex., for American Well Servicing Co.


MEMORANDUM OF DECISION

MICHAEL A. McCONNELL, Bankruptcy Judge.

The Debtors filed the instant Adversary Proceedings on May 31, 1985 in order to determine the secured status and priority of statutory liens filed by the respective Defendants against certain of the Debtors' oil and gas leases. On August 26, 1985, the Court entered an order pursuant to Bankruptcy Rule 7024 which allowed the Federal Deposit Insurance Corporation, (the "FDIC"), in its corporate...

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