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IN RE SPEARS

Bankruptcy No. 583-00302-M, Adv. No. 584-0029.

46 B.R. 255 (1984)

In re Wayne Julius SPEARS and Peggy Lou Foutz Spears d/b/a Spears Oil & Gas Producers. Billy R. VINING, Trustee of Wayne Julius Spears and Peggy Lou Foutz Spears, d/b/a Spears Oil & Gas Producers, Plaintiff, v. SKELLY DRILLING COMPANY, Defendant.

United States Bankruptcy Court, W.D. Louisiana, Monroe Division.

August 3, 1984.

Attorney(s) appearing for the Case

Stephen J. Katz, Bastrop, La., for Trustee.

Billy R. Vining, Pioneer, La., Trustee.

G. Lee Jackson, Tulsa, Okl., for defendant.

FINDINGS OF FACT

LeROY SMALLENBERGER, Bankruptcy Judge.

(1)

Mr. Billy R. Vining is the duly appointed Trustee in this Chapter 11 reorganization case under the Bankruptcy Code.

(2)

On October 21, 1983, the said Trustee entered into an agreement to purchase and sell with the defendant, Skelly Drilling Co. represented by its President, Vern O. Collum. The Agreement to Purchase and Sell was introduced as Exhibit P-1.

(3)...

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