Attorney at Law
6937 S. Bell, Suite G
Amarillo, Texas 79109
Attorney for Debtors
UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF TEXAS
DEBTORS’ PLAN OF REORGANIZATION DATED MARCH 1, 2008
CHANCELLOR GROUP, INC., GRYPHON FIELD SERVICES, LLC, GRYPHON
PRODUCTION COMPANY, LLC, Debtors and Debtors-in-Possession in the above-captioned case
(“Debtor”) submit the following Plan of Reorganization under Chapter 11 of the United States Bankruptcy Code.
A. Defined Terms.
The following terms have the following meanings (such meanings to be equally applicable to both the
singular and plural forms of the terms defined) whenever used in the Plan.
1.01. Administrative Claim shall mean any claim for any cost or expense of administration in connection
with the Chapter 11 case, in accordance with §503(b) of the Code, including, without limitation:
(a) The actual, necessary costs and expenses of preserving the Debtor’s estates and of operating the
business of the Debtor (other than such claims which, by their express terms, are not due or payable by
the Effective Date);
(b) The full amount of all claims for allowances of compensation for legal or other professional
services or reimbursement of costs and expenses under §330 or §503(b) of the Code or otherwise
allowed by the Bankruptcy Court;
(c) All fees and charges assessed against the Debtor’s estate under Chapter 123 of Title 28, United
States Code; and
(d) Expenses incurred by debtor in connection with this case, including the cost of appraisal fees,
attorney fees and expenses incurred in obtaining a confirmed plan, in such amount as the Court shall
TEL (806) 353-2129
FAX (806) 353-4370
CHANCELLOR GROUP, INC.
CASE NO: 07-20512-RLJ-11
GRYPHON FIELD SERVICES, LLC
CASE NO: 07-20511-RLJ-11
GRYPHON PRODUCTION COMPANY, LLC
CASE NO: 07-20510-RLJ-11