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IN RE TXCO RESOURCES, INC.

Bankruptcy No. 09-51807-RBK. Adversary No. 09-5125-RBK.

475 B.R. 781 (2012)

In re TXCO RESOURCES, INC., et al., Debtors. TXCO Resources, Inc. v. Peregrine Petroleum, L.L.C.

United States Bankruptcy Court, W.D. Texas, San Antonio Division.

July 26, 2012.

Attorney(s) appearing for the Case

James M. Truss , Meghan E. Bishop , Patrick L. Huffstickler , Thomas Rice , Cox Smith Matthews Incorporated, San Antonio, TX, for TXCO Resources, Inc.

Bruce K. Spindler , David S. Gragg , Maria Cristina E. Nelson , Natalie F. Wilson , Sara Murray , Langley & Banack, Inc., San Antonio, TX, for Peregrine Petroleum, L.L.C.

OPINION

RONALD B. KING, Chief Judge.

TXCO Resources, Inc. ("TXCO" or "Debtor") was a publicly traded oil and gas exploration and production company based in San Antonio, which, along with its subsidiaries, filed a voluntary Chapter 11 case on May 17, 2009. Prior to confirmation, the Debtor agreed to sell most of its oil and gas assets to Newfield Exploration Company ("Newfield") and Anadarko E & P Company L.P. ("Anadarko"). The sale was included in the...

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