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IN RE MUREXCO PETROLEUM, INC.

No. 392-34051-HCA-7. Civ. A. No. 3-93-CV-0689-H.

166 B.R. 81 (1993)

In re MUREXCO PETROLEUM, INC., Debtor. PHOENIX EXPLORATION, INC., et al., Appellants, v. Robert YAQUINTO, Jr., Trustee for Murexco Petroleum, Inc., Appellee.

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

June 21, 1993.

Attorney(s) appearing for the Case

Alan S. Trust, Hale Spencer Pronske & Trust, Dallas, TX, for appellants.

Carol A. Crabtree Donovan, Robert Yaquinto, Jr., Sherman & Yaquinto, Dallas, TX, for appellee.

MEMORANDUM OPINION AND ORDER

SANDERS, Chief Judge.

Before the Court are the Brief of Appellants, filed April 27, 1993; the Brief of Appellee, filed May 12, 1993; and the Reply Brief of Appellants, filed May 24, 1993.

I. Background

Appellants Phoenix Exploration, Inc., Phoenix Operating Company, and Renown Petroleum, Inc. ("Phoenix" or the "Phoenix Group") appeal from the February 18, 1993 Findings of Fact and Conclusions of Law and...

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