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IN RE BUTTES RESOURCES CO.

Civ. A. No. 87-293.

89 B.R. 613 (1988)

In re BUTTES RESOURCES COMPANY, Debtor. SECURITY PACIFIC NATIONAL BANK, et al., Plaintiffs, v. ENSTAR PETROLEUM COMPANY, Defendant.

United States District Court, S.D. Texas, Houston Division.

August 25, 1988.

Attorney(s) appearing for the Case

Alan S. Gover, Houston, Tex., for plaintiffs.

Roxanne Armstrong, Houston, Tex., for defendant.

MEMORANDUM ON APPEAL

HUGHES, District Judge.

The Security Pacific National Bank, Federal Deposit Insurance Corporation, Bank of California, and Barclay's Bank have appealed the bankruptcy court's order to lift the automatic stay, allowing Enstar Petroleum Company to recoup money owed it by Buttes Resources Company. The bankruptcy court's order will be affirmed.

Background.

Buttes and Enstar are joint owners of working interests in...

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