In Re Oasis Petroleum Corp.

MEMORANDUM OF DECISION RE DISALLOWANCE OF IRS’ CLAIM AMENDMENT

NATURE OF PROCEEDING

The United States Department of Treasury, Internal Revenue Service (IRS), seeks to have this Bankruptcy Court approve an amendment to IRS’ Claim No. 220 in the amount of $281,764.36 applicable to first quarter 1986 for pre-petition federal excise taxes collected by the Debtor. The Trustee has objected to the asserted amendment.

STATEMENT

This case was instituted by the filing of a voluntary Chapter 11 petition on or about January 23,1986. The IRS obtained a copy of the Debtor’s Schedules of Affairs shortly after the filing of the Chapter 11 petition.

On or about February 10, 1987, John P. Vizard was appointed Chapter 11 Trustee. Upon Mr. Vizard’s death, David A. Gill was appointed Chapter 11 Trustee on or about February 4,1988. Mr. Gill is now the duly-appointed, qualified and acting Successor Trustee pursuant to the Confirmed Plan of Reorganization in this case.

In accordance with the terms of Confirmed Plan of Reorganization, the Trustee has made a distribution to all allowed priority creditors and a partial pro-rata distribution to all allowed general unsecured creditors. Some thirty or…