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IN RE NUCORP ENERGY, INC.

Bankruptcy No. 82-03106-K11, Adv. No. C84-0024-P11.

80 B.R. 517 (1987)

In re NUCORP ENERGY, INC., an Ohio corporation, and its Affiliates, Debtor. Milton FREDMAN, Co-Liquidating Trustee for the Nucorp Liquidating Trust, Plaintiff, v. MILCHEM, INC., a Delaware corporation, Defendant.

United States Bankruptcy Court, S.D. California.

December 8, 1987.

Attorney(s) appearing for the Case

Ali M.M. Mojdehi, MacDonald, Halsted & Laybourne, San Diego, Cal., for plaintiff.

Gloria F. Tobor, Houston, Tex., for defendant.

Larry A. Ford, Nucorp Energy, San Diego, Cal., for Nucorp Energy, Inc.

John W. Cutchin, San Diego, Cal., for defendant.

MEMORANDUM DECISION

LOUISE DeCARL MALUGEN, Bankruptcy Judge.

Milton Fredman, on behalf of the Nucorp Estates, has brought this action, seeking to recover a preference under 11 U.S.C. § 547 in the amount of $101,681.57. Milchem resists the action, arguing that certain exceptions under § 547(c) apply. The facts are not greatly in dispute.

In December 1981, debtor became the operator of an oil well (Martin Praus Well No. 1) located in North...

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