Mid-America Petroleum, Inc. v. Adkins Supply, Inc. (In Re Mid-America Petroleum, Inc.)

MEMORANDUM OF OPINION

JOHN C. AKARD, Bankruptcy Judge.

Mid-America Petroleum, Inc. (Debtor) was the operator of several oil and gas leases and owned a working interest in wells on each lease it operated. When the Debtor did not make timely payment to parties who furnished labor and materials on these wells, they filed mechanic’s and materialmen’s liens (M & M liens). 1 Thereafter the Debtor filed for relief under Chapter 11 of the Bankruptcy Code on January 31,1986. In this proceeding the Debt- or contested the validity of several liens.

JURAT

The Debtor objected to the liens filed by Adkins…