TXCO Resources, Inc. v. Peregrine Petroleum, L.L.C. (In re TXCO Resources, Inc.)

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 Debtor’s Second Amended Plan of Reorganization (the “Plan”). On January 27, 2010, this Court entered an order (the “Confirmation Order”)…