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IN RE GULF COAST OIL CORP.

Nos. 08-50213, 08-50215.

404 B.R. 407 (2009)

In re GULF COAST OIL CORPORATION and Century Resources, Inc. and New Century Energy Corp. New Century Energy Corp., Debtor(s).

United States Bankruptcy Court, S.D. Texas, Houston Division.

February 11, 2009.

Attorney(s) appearing for the Case

Chasless L. Yancy, David A. Zdunkewicz Andrews Kurth LLP, Houston, TX, for Debtors.

Hector Duran, Office of U.S. Trustee, Houston, TX, for U.S. Trustee.

MEMORANDUM OPINION PROVIDING FINDINGS, CONCLUSIONS, AND REASONS FOR DENIAL OF MOTION TO SELL SUBSTANTIALLY ALL OF DEBTORS' ASSETS (DOC # 181)

WESLEY W. STEEN, Bankruptcy Judge.

Debtors (Gulf Coast Oil Corporation, Century Resources, Inc., and New Century Energy Corp.) are affiliated companies engaged in oil and gas exploration and production in South Texas. After six relatively contentious months as a debtor in possession in chapter 11, after it became...

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