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IN RE CENTURY OFFSHORE MANAGEMENT CORP.

No. 96-5311.

119 F.3d 409 (1997)

In re CENTURY OFFSHORE MANAGEMENT CORPORATION, Debtor. K.E. RESOURCES, LTD.; Apache Corporation; Nuevo Energy Company, Appellants, v. BMO FINANCIAL INCORPORATED; Bank of Montreal; Century Offshore Management Corporation, Appellees.

United States Court of Appeals, Sixth Circuit.

Decided July 15, 1997.

Attorney(s) appearing for the Case

Fred E. Fugazzi, McBrayer, McGinnis, Leslie & Kirkland, Lexington, KY, Robin B. Cheatham (argued and briefed), Adams & Reese, New Orleans, LA, for Appellants.

Joseph M. Scott, Jr., Stoll, Keenon & Park, Lexington, KY, Alan Shore Gover, Candance S. Schiffman (argued and briefed), Sylvia Mayer Baker, Weil, Gotshal & Manges, Houston, TX, for Appellees BMO Financial Inc., Bank of Montreal.

Solomon L. Van Meter, Wyatt, Tarrant & Combs, Lexington, KY, H. Rey Stroube, III, Akin, Gump, Strauss, Hauer & Feld, Houston, TX, for Appellee Century Offshore Management Corp.

Before: MERRITT, RYAN, and SUHRHEINRICH, Circuit Judges.

OPINION

MERRITT, Circuit Judge.

SUMMARY

In this oil and gas case arising from the Chapter 11 bankruptcy of an operator of oil and gas wells, the primary question involves the ranking of liens under Louisiana law. The appellants (herein referred to as "investors") are investors holding minority working interests in the wells, and the appellees are creditors who made loans to the debtor. The specific issue before the Court is the priority between...

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