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MATTER OF PLACID OIL CO.

No. 90-1802.

932 F.2d 394 (1991)

In the Matter of PLACID OIL COMPANY, Debtor. PROFESSIONAL GEOPHYSICS, INC., Appellant, v. PLACID OIL CO., Appellee.

United States Court of Appeals, Fifth Circuit.

May 31, 1991.

Attorney(s) appearing for the Case

Rufus Wallingford, Thomas C. Godbold, Houston, Tex., for appellant.

Khent H. Rowton, Wright & Rowton, Dallas, Tex., for appellee.

Before THORNBERRY, JOLLY, and SMITH, Circuit Judges.

JERRY E. SMITH, Circuit Judge:

Appellant Professional Geophysics, Inc. (PGI), a producer of seismic data, filed an administrative claim in bankruptcy court against appellee/debtor Placid Oil Co. (Placid), claiming that Placid had used its data without paying for it. The bankruptcy court granted summary judgment in favor of Placid, holding that PGI's claim was barred by the statute of limitations in that if it had exercised reasonable diligence, PGI would have known...

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