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IN RE PROGRESS DRILLING & MARINE, INC.

Bankruptcy Nos. 85-07495-H3-11, 85-08464-H3-11, 85-08465-H3-11, 86-05090-H2-11 and 85-07494-H3-11.

122 B.R. 62 (1990)

In re PROGRESS DRILLING & MARINE, INC., Dolphin Titan International, Inc., Dolphin Titan International, S.A., Dolphin Titan Supply, Debtors. PROGRESS DRILLING & MARINE, INC., et al., Debtors, v. AMERICAN OILFIELD EXCHANGE, INC., Claimant.

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

July 2, 1990.

Attorney(s) appearing for the Case

Lenard M. Parkins, Sheinfeld, Maley & Kay, Houston, Tex., for debtors.

John W. Wauson, Oldenettel & Wauson, Houston, Tex., for claimant.

MEMORANDUM OPINION

LETITIA Z. CLARK, Bankruptcy Judge.

Came on for consideration the Objection to Claim No. 1 of American Oilfield Exchange, Inc. ("American") filed by the Debtor. American contends it is due a commission on the sale of an oil rig by Debtors to Petra Drilling Corporation on oral contract and quantum meruit theories. After considering the pleadings and memoranda filed by counsel and the evidence adduced at trial, the court makes the following...

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