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MATTER OF TRANSCONTINENTAL ENERGY CORP.

Bankruptcy No. BK-LV 77-730.

1 B.R. 460 (1979)

In the Matter of TRANSCONTINENTAL ENERGY CORPORATION, a Nevada Corporation, f/k/a Oil Producers & Refiners, Inc., f/k/a Transcontinental Power Company, Bankrupt.

United States Bankruptcy Court, D. Nevada.

December 13, 1979.

Attorney(s) appearing for the Case

Roger Wesley, of Cotten, Day & Doyle, Washington, D.C., for applicants, Owen E. Jackson, et al., and Scholefield, Bellanca & Co.

Ronald Gene Self, Arvin, Cal., for applicants, George L. Naron, Riley Barnes, Riley K. Barnes, III, Rodger Barnes, Dr. S.H. Montgomery, Dusty Rhodes, and Wesley J. Reimer.

Joseph L. Golden, of O'Melveny & Myers, Los Angeles, Cal., and William L. McGimsey, of Albright, McGimsey & Stoddard, Las Vegas, Nev., for purchaser, Pacific Energy Resources.

Robert Clive Jones, of Jones & Holt, Las Vegas, Nev., for Trustee, Robert N. Broadbent.

Peter N. Reynolds, of Johnson, Pilkington & Reynolds, Las Vegas, Nev., for the Bankrupt, Transcontinental Energy Corp.

Patrick C. Clary, of Perry & Clary, Las Vegas, Nev., and James H. Mitchell, Jr., of Mitchell & Pierce, Los Angeles, Cal., for various creditors of the Bankrupt.

MEMORANDUM OPINION

LLOYD D. GEORGE, Chief Judge.

On December 28, 1978, following numerous continuances in favor of potential opposing bidders, this Court approved the public sale of certain limited partnership interests of the Bankrupt to an entity known as Pacific Energy Resources. These four limited partnerships hold varying leasehold rights in oil-producing properties in the state of California. Mr. Roger C. Wesley, Esq., counsel for several claimants...

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