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Prospect News home > News index > List of issuers T > Headlines for TXCO Resources Inc. > News item
Published on 6/26/2009 in the Prospect News Distressed Debt Daily.

TXCO Resources mineral lien creditor appeals DIP loan approval

By Caroline Salls

Pittsburgh, June 26 - TXCO Resources Inc. mineral lien creditor Patterson-UTI Drilling Co. has appealed the court order approving TXCO's $32 million of debtor-in-possession financing, according to a Thursday filing with the U.S. Bankruptcy Court for the Western District of Texas.

The DIP facility was approved on June 15.

TXCO, a San Antonio-based energy company, filed for bankruptcy on May 18. Its Chapter 11 case number is 09-51807.


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