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IN RE EMERALD OIL CO.

No. 86-4134.

807 F.2d 1234 (1987)

In re EMERALD OIL CO., Debtor. William C. SANDOZ, Trustee, Plaintiff-Appellee, Wheless Drilling, New Park Drilling Fluids, Inc., and Aztec Corp., Plaintiffs-Appellees, v. David S. BENNETT and Sam P. Bennett, Defendants-Appellants.

United States Court of Appeals, Fifth Circuit.

January 20, 1987.

Attorney(s) appearing for the Case

Vance R. Andrus, Lafayette, La, for David S. Bennett.

Patrick S. Ottinger, Plauche Hartley, Lapeyre & Ottinger, Lafayette, La, for Sam P. Bennett.

James Robert Jeter, Shreveport, La, for plaintiffs-appellees.

Gerald H. Schiff, Opelousas, La., for trustee.

Before GARZA, DAVIS, and JONES, Circuit Judges.

EDITH H. JONES, Circuit Judge:

Appellants David S. Bennett ("Mrs. Sam P. Bennett") and Sam P. Bennett ("Mr. Bennett"), former principals of Debtor Emerald Oil Co. ("Emerald"), appeal the rejection of a compromise between them and the debtor's estate. We affirm the district court's decision.

I.

This dispute centers around a 1/8 working interest in an oil and gas lease known as the Williams B, located in St. Martin Parish, Louisiana. In March 1979...

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