Meg Petroleum Corp. v. Halliburton Services (In Re Meg Petroleum Corp.)

MEMORANDUM OF DECISION

MICHAEL A. McCONNELL, Bankruptcy Judge.

The Debtors filed the instant Adversary Proceedings on May 31, 1985 in order to determine the secured status and priority of statutory liens filed by the respective Defendants against certain of the Debtors’ oil and gas leases. On August 26, 1985, the Court entered an order pursuant to Bankruptcy Rule 7024 which allowed the Federal Deposit Insurance Corporation, (the “FDIC”), in its corporate capacity as liquidator of the First National Bank of Midland, Midland, Texas, to intervene in Adversary Proceeding No. 485-4134 on grounds…