In Re KY USA Energy, Inc.

MEMORANDUM-OPINION

JOAN A. LLOYD, Bankruptcy Judge.

This matter is before the Court on the Expedited Motion of Debtor KY USA Energy, Inc. (“Debtor”) to Compel Compliance with Farmout Agreements and Turnover of Property of the Estate. The Court considered the Response of K & D Energy and Thomasson Petroleum and the comments of counsel for the parties at the hearing held on the matter. For the following reasons, the Court GRANTS IN PART AND DENIES IN PART the Motion.

The Court determines that the Farmout Agreements on the two wells commonly referred to as the “J. Jackson # 1” and “Swinney # 1”…