IN RE PLACID OIL CO.

Bankruptcy Nos. 386-33419-A-11, 386-33420-A-11.

92 B.R. 183 (1988)

In re PLACID OIL COMPANY, Debtor. In re PLACID BUILDING AND SERVICE COMPANY, Debtor.

United States Bankruptcy Court, N.D. Texas, Dallas Division.

September 30, 1988.


Attorney(s) appearing for the Case

Henry W. Simon, Jr., Barbara Hoffman-Hill, Simon, Anisman, Doby, Wilson & Skillern, Dallas, Tex., for debtors, Placid Oil Co. and Placid Bldg. and Service Co.

R. Paul Wickes, Robert W. Jones, Debra D. McCullough, Thompson & Knight, Dallas, Tex., for First Republicbank Dallas, N.A., Agent Bank for Placid Bank Group.

William T. Neary, Dallas, Tex., U.S. trustee for the N.D. of Tex.

Grover Hartt, III, Linda C. Groves, Dept. of Justice. Dallas, Tex.

D. Michael Dalton, Ronald J. Restropo, Hutcheson & Grundy, Houston, Tex., for the Official Unsecured Creditors' Committee of Placid Oil Co.

Alan D. Sibarium, Law Offices of Alan D. Sibarium, Dallas, Tex., for Huddlestons.


FINDINGS OF FACT AND CONCLUSIONS OF LAW

HAROLD C. ABRAMSON, Bankruptcy Judge.

Placid Oil Company ("Placid") and Placid Building and Service Company ("PBSC"), debtors in possession in the above-captioned Chapter 11 cases ("Debtors"), and Placid International Oil, Ltd. ("PIOL"), Placid Refining Company ("PRC"), Placid Chemical Company ("PCC") and Placid Oil Company (United Kingdom) ("PUK") (Placid, PBSC, PIOL, PRC...

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