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IN RE GIBRALTAR RESOURCES, INC.

Bankruptcy No. 393-37028 RCM-7. Adv. No. 396-3066.

197 B.R. 246 (1996)

In re GIBRALTAR RESOURCES, INC. d/b/a et al., Debtor. Carey D. EBERT, Trustee for Gibraltar Resources, Inc., d/b/a et al., Plaintiff, v. BLACKMAX DOWNHOLE TOOLS, INC., Dailey Directional Services, Denmon's H2S Safety Service, Inc., The Dia-Log Company, Gammaloy, Ltd., Specialty Drilling Fluids, Inc., Marie and Kenneth Pfullman, d/b/a T & S Bits and Rental Service, and Varel Manufacturing Company, Defendants.

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

April 17, 1996.

Attorney(s) appearing for the Case

David R. Snodgrass, Gardere & Wynne, Dallas, Texas, for Varel.

Beverly E. Landis, Arlington, Texas, for Trustee.

J. Max Tucker, Winstead Sechrest & Minick, Dallas, Texas, for Trustee Special Counsel.

Thomas G. Gruenert, Houston, Texas, for Dailey.

AMENDED MEMORANDUM OPINION

ROBERT McGUIRE, Chief Judge.

On November 15, 1995, Carey D. Ebert, Chapter 7 Trustee for the bankruptcy estate of Gibraltar Resources, Inc. ("Debtor") (the "Trustee"), filed a Complaint to Determine, Avoid and Recover Preferences against Dailey Directional Services ("Dailey"), Varel Manufacturing Company ("Varel"), and various other defendants. Dailey and Varel each filed Motions for Summary Judgment. In order to prove a...

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