IN RE 15375 MEMORIAL CORP.

Bankruptcy No. 06-10859(KG), Adversary No. 06-50822(KG).

382 B.R. 652 (2008)

In re 15375 MEMORIAL CORPORATION, et al., Debtors. Santa Fe Minerals, Inc., Plaintiff, v. BEPCO, L.P., formerly known as Bass Enterprises Production Company, Defendant, GlobalSantaFe Corporation, GlobalSantaFe Corporate Services Inc. and Entities Holding, Inc., Intervenors.

United States Bankruptcy Court, D. Delaware.

February 15, 2008.


Attorney(s) appearing for the Case

John D. Demmy, Esq., Stevens & Lee, P.C., Wilmington, DE, Marnie E. Simon, Esq., John C. Kilgannon, Esq., Stevens & Lee, P.C., Philadelphia, PA, for Debtors and Debtors in Possession.

Gregory Werkheiser, Esq., Kelly M. Dawson, Esq., Morris, Nichols, Arsht & Tunnel LLP, Wilmington, DE and M. Hampton Carver, Esq., Stephen Rose, Esq., Leann Opotowsky Moses, Esq., Carver, Darden, Koretzky Tessier, Finn, Blossman & Areaux, LLC, New Orleans, LA, for Defendant.

Francis A. Monaco Jr., Esq., Kevin J. Mangan, Esq., Womble Carlyle Sandridge & Rice PLLC, Wilmington, DE, Philip Eisenberg, Esq., Locke Liddell & Sapp, LLP, Houston, TX, for Intervenors.


FINDINGS OF FACT AND CONCLUSIONS OF LAW

KEVIN GROSS, Bankruptcy Judge.

The Debtors are 15375 Memorial Corporation ("Memorial") and Santa Fe Minerals, Inc. ("Santa Fe"). Debtors commenced their Chapter 11 bankruptcy cases on August 16, 2006 ("the Bankruptcy Cases"). On September 8, 2006, Santa Fe brought an adversary proceeding ("the Adversary Proceeding") against BEPCO, L.P., formerly known as Bass...

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