8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.    20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report

(Date of earliest event reported)

January 7, 2010

TXCO Resources Inc.

(Exact name of registrant as specified in its charter)

Delaware	0-9120	84-0793089
(State or other jurisdiction	(Commission File	(IRS Employer
of incorporation)	Number)	Identification No.)

777 E. Sonterra Blvd., Suite 350
San Antonio, Texas	78258
(Address of principal executive offices)	(Zip Code)

(210) 496-5300

(Registrant's telephone number,

including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o           Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On January 7, 2010, TXCO Resources Inc. (the "Company"), and its subsidiaries (collectively, the "Debtors"), as required in connection with the Debtors' cases (Case No. 09-51807 through 09-51817) under chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code"), filed an unaudited consolidated Monthly Operating Report for the period ended November 30, 2009 (the "Monthly Operating Report") with the United States Bankruptcy Court for the Western District of Texas (the "Bankruptcy Court").  A copy of the Monthly Operating Report is filed as Exhibit 99.1 to this report.

The Monthly Operating Report was prepared solely for the purpose of complying with monthly reporting requirements, and in a format prescribed, under the Bankruptcy Code and should not be used for investment purposes. The Monthly Operating Report is limited in scope and covers a limited time period and may not be indicative of the Company's financial condition or results of operations for any period that would be reflected in the Company's financial statements or its periodic reports under the Securities Exchange Act of 1934, as amended. The financial information that the Monthly Operating Report contains is preliminary and unaudited and is subject to revision. The financial statements in the Monthly Operating Report are not prepared in accordance with accounting principles generally accepted in the United States ("GAAP") and, therefore, may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, valuations and disclosures. There can be no assurance that the information in the Monthly Operating Report is complete, and the Company cautions readers not to place undue reliance on the Monthly Operating Report. The information in the Monthly Operating Report is not, and should not be viewed as, indicative of future results.

Additional information regarding the Debtors' bankruptcy cases, including access to court documents and other general information, is available through the Company's web site at http://www.txco.com by following the link entitled "Click here for claim agent" or at http://cases.administarllc.com/txco. Information contained on, or that can be accessed through, such web sites is not part of this report.

Forward-Looking Statements

This Current Report on Form 8-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements by the Company of expectations, anticipations, beliefs, plans, intentions, targets, estimates, or projections and similar expressions relating to the future are forward-looking statements within the meaning of these laws. Forward-looking statements in some cases can be identified by their being preceded by, followed by or containing words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target" and other similar expressions.  Forward-looking statements are based on assumptions and assessments made by the Company's management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Any forward-looking statements are not guarantees of the Company's future performance and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by any forward-looking statements. Except as required by law, the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

2

Some of the factors that may cause actual results, developments and business decisions to differ materially from those contemplated by any forward-looking statements include the following: the ability of the Company (which term, unless otherwise specified or the context otherwise requires, refers in this paragraph to TXCO Resources Inc. and its subsidiaries) to continue as a going concern; the Company's ability to satisfy the conditions for drawing on any existing debtor-in-possession financing and to obtain additional debtor-in-possession financing on an interim or final basis; the ability of the Company to operate pursuant to the terms and conditions of any debtor-in-possession financing and any cash collateral order entered by the Bankruptcy Court in connection with the Company's bankruptcy cases; the Company's ability to obtain court approval with respect to motions in the chapter 11 cases prosecuted by the Company from time to time; the Company's ability to develop, prosecute, confirm and consummate a plan of reorganization with respect to the Company's bankruptcy cases; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period that the Company has to propose and confirm a plan of reorganization, for the appointment of a chapter 11 trustee or to convert the Company's bankruptcy cases to cases under chapter 7 of the U.S. Bankruptcy Code; the Company's ability to obtain and maintain normal terms with vendors and service providers; the Company's ability to maintain contracts that are critical to its operations; the potential adverse impact of the Company's bankruptcy cases on the Company's liquidity or results of operations; the Company's ability to fund and execute its business plan; the Company's ability to attract, motivate and retain key executives and employees; the Company's ability to obtain capital to fund the Company's working capital or other needs; the adequacy of the Company's liquidity and ability to meet cash commitments, working capital needs, lender and vendor obligations; general market conditions; adverse capital and credit market conditions; the costs and accidental risks inherent in exploring and developing new oil and natural gas reserves; the price for which such reserves and production can be sold; fluctuation in prices of oil and natural gas; the uncertainties inherent in estimating quantities of proved reserves and cash flows; competition; actions by third party co-owners in properties in which the Company also owns an interest; acquisitions of properties and businesses; operating hazards; environmental concerns affecting the drilling of oil and natural gas wells; impairment of oil and natural gas properties due to depletion or other causes; and hedging decisions, including whether or not to hedge; the Company's ability to secure additional financing; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission, including the risk factors listed in Part II, Item 1A, "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2009, filed with the Securities and Exchange Commission on November 9, 2009. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company's various pre-petition liabilities and TXCO Resources Inc.'s common stock and preferred stock.  No assurance can be given as to what values, if any, will be ascribed in the chapter 11 cases to each of these constituencies. Accordingly, the Company urges that extreme caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Monthly Operating Report for the period ended November 30, 2009.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	TXCO Resources Inc.
Dated: January 8, 2010	/s/ James E. Sigmon
	James E. Sigmon
	Chairman and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Monthly Operating Report for the period ended November 30, 2009.

3

EX-99.1

		Exhibit 99.1
MOR-1	UNITED STATES BANKRUPTCY COURT
CASE NAME:	TXCO Resources Inc.		PETITION DATE:	05/17/09
CASE NUMBER:	09-51807-RBK		DISTRICT OF TEXAS:	Western
PROPOSED PLAN DATE:	To Be Determined		DIVISION:	San Antonio

MONTHLY OPERATING REPORT SUMMARY FOR MONTH										November			YEAR			2009
MONTH	5/18/09 - 5/31/09			Jun-09			Jul-09			Aug-09			Sep-09			Oct-09			Nov-09			Dec-09
REVENUES (MOR-6)		2,034,216			4,318,042			4,121,724			4,442,504			4,009,460			4,407,598			4,729,384			-
INCOME BEFORE INT; DEPREC./TAX (MOR-6)		491,919			2,328,415			906,338			2,273,926			1,798,807			2,109,235			2,664,196			-
NET INCOME (LOSS) (MOR-6)		(2,673,142	)		(42,394,974	)		(5,275,433	)		(4,582,222	)		(36,395,502	)		(4,304,310	)		(4,320,890	)		-
PAYMENTS TO INSIDERS (MOR-9)		30,068			170,286			208,040			128,928			182,247			184,475			135,698			-
PAYMENTS TO PROFESSIONALS (MOR-9)		-			200,000			208,734			661,424			200,000			709,266			492,970			-
TOTAL DISBURSEMENTS, net of intercompany (MOR-7)		2,969,736			6,004,009			9,507,809			5,574,087			7,126,160			7,747,403			5,129,085

***The original of this document must be filed with the United States Bankruptcy Court and a copy must be sent to the United States Trustee***

							CIRCLE ONE
REQUIRED INSURANCE MAINTAINED						Are all accounts receivable being collected within terms?	Yes	No
AS OF SIGNATURE DATE					EXP.	Are all post-petition liabilities, including taxes, being paid within terms?	Yes	No
					DATE	Have all tax returns and other required government filings been timely paid?	Yes	No
CASUALTY	YES	x	NO	¨	11/01/10	Have any pre-petition liabilities been paid?	Yes	No
LIABILITY	YES	x	NO	¨	11/01/10	If so, describe Various pre-petition accounts pursuant to orders approved by the court
VEHICLE	YES	x	NO	¨	11/01/10	Are all funds received being deposited into Debtor in Possession bank accounts?	Yes	No
WORKER'S	YES	x	NO	¨	11/01/10	Were any assets disposed of outside the normal course of business?	Yes	No
OTHER D&O	YES	x	NO	¨	06/15/10	If so, describe  ___________________________________
						Are all U.S. Trustee Quarterly Fee Payments current?	Yes	No
						What is the status of your Plan of Reorganization? Plan was filed 11/12/09

ATTORNEY NAME:	Deborah D. Williamson		I certify under penalty of perjury that the following complete
FIRM NAME:	Cox Smith Matthews Inc.	INITIALS  _______	Monthly Operating Report (MOR), consisting of MOR-1 through
ADDRESS:	112 East Pecan Street		MOR-9 plus attachments, is true and correct.
	Suite 1800	DATE      _______
CITY, STATE, ZIP:	San Antonio, TX 78205		SIGNED X     /s/Richard A. Sartor   TITLE:  Controller
TELEPHONE/FAX:	(210) 554-5500/(210) 226-8395	UST USE ONLY		(ORIGINAL SIGNATURE)
			Richard A. Sartor		DATE   Revised:
MOR-1			(PRINT NAME OF SIGNATORY)		1/7/2010

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

COMPARATIVE BALANCE SHEETS

ASSETS	FILING DATE*		AS OF		AS OF		AS OF		AS OF		AS OF		AS OF			AS OF		AS OF
	05/17/09		05/31/09		06/30/09		07/31/09		08/31/09		09/30/09		10/31/09			11/30/09		12/31/09
CURRENT ASSETS
Cash		1,040,168		3,533,033		6,566,244		7,314,563		6,365,796		7,714,567		8,712,911			11,463,128
Accounts Receivable, Net		19,637,217		19,110,572		18,362,178		16,407,102		17,060,636		17,370,309		17,698,592			16,015,101
Accounts Receivable, Intercompany		-		-		-		-		-		-		-			-
Inventory:  Lower of Cost or Market		-		-		-		-		-		-		-			-
Prepaid Expenses		2,994,921		3,924,951		7,967,127		9,086,819		8,633,516		8,160,787		7,748,873			5,630,739
Other		-		-		-		-		-		-		-			-
TOTAL CURRENT ASSETS		23,672,306		26,568,556		32,895,549		32,808,483		32,059,948		33,245,663		34,160,375			33,108,968
Investments in Subsidiaries		-		-		-		-		-		-		-			-
NET BOOK VALUE OF PP & E		406,246,694		401,334,473		361,391,937		360,896,959		358,382,538		329,555,907		327,701,238			328,630,735
OTHER ASSETS
1.   Deferred tax asset		107,362		214,725		0		107,363		0		0		(1	)		-
2.   Accrued derivative assets-long term		-		-		-		-		-		-		-			-
3.   Deferred Financing Fees & Other assets		3,769,818		3,745,802		3,645,205		3,546,893		3,442,984		3,336,890		3,230,583			3,132,937
TOTAL ASSETS		433,796,179		431,863,556		397,932,690		397,359,698		393,885,471		366,138,460		365,092,196			364,872,640	-

	Note: See attached Exhibit 2H for additional information
MOR-2	* Per SOFA and Schedules, assets reported on Filing Date stated as of 4/30/09.	Revised:	1/7/2010

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

COMPARATIVE BALANCE SHEETS

ASSETS	TXCO Resources Inc.		TXCO Energy Corp.			PPL Operating Inc.		Maverick Dimmitt Pipeline		Maverick Gas Marketing			Eagle Pass Well Service Inc.			TXCO Drilling Inc.		Charro Energy			Texas Tar Sands		Output Acquisition Corp.		OPEX Energy LLC			Eliminations & Reclass**			Per Financials
	11/30/2009		11/30/2009			11/30/2009		11/30/2009		11/30/2009			11/30/2009			11/30/2009		11/30/2009			11/30/2009		11/30/2009		11/30/2009			11/30/2009			11/30/2009
CURRENT ASSETS
Cash		8,881,204		-			175		0		(1	)		2,123			281		224			-		1,193,643		1,385,479			-			11,463,128
Accounts Receivable, Net		9,749,245		3,784,809			2,830		-		-			364,525			4,709,128		89,829			-		651,750		1,371,111			(4,708,125	)		16,015,101
Accounts Receivable, Intercompany		160,672,343		(127,499,396	)		2,743,113		6,018,898		(2,841,677	)		(325,821	)		76,987		(17,476,913	)		-		1,710,146		(21,663,461	)		(1,414,218	)		-
Inventory:  Lower of Cost or Market		-		-			-		-		-			-			-		-			-		-		-			-			-
Prepaid Expenses		4,403,907		852,370			-		-		-			7,960			2,220		-			-		31,176		152,853			180,254			5,630,739
Other		-		-			-		-		-			-			-		-			-		-		-			-			-
TOTAL CURRENT ASSETS		183,706,699		(122,862,216	)		2,746,118		6,018,898		(2,841,678	)		48,786			4,788,615		(17,386,860	)		-		3,586,715		(18,754,019	)		(5,942,090	)		33,108,968
Investments in Subsidiaries		108,794,491		-			61,593		-		-			-			-		-			-		78,815,188		-			(187,671,272	)		-
NET BOOK VALUE OF PP & E		70,478,745		138,830,983			-		-		-			71,361			7,343,428		1,923,816			-		12,651,745		101,486,787			(4,156,131	)		328,630,735
OTHER ASSETS
1.   Deferred tax asset		6,642,216		-			-		-		-			-			-		-			-		-		-			(6,642,216	)		-
2.   Accrued derivative assets-long term		-		-			-		-		-			-			-		-			-		-		-			-			-
3.   Deferred Financing Fees & Other assets		3,120,954		-			-		-		-			-			-		881			-		2,325		8,777			-			3,132,937
TOTAL ASSETS		372,743,104		15,968,767			2,807,711		6,018,898		(2,841,678	)		120,147			12,132,043		(15,462,162	)		-		95,055,974		82,741,545			(204,411,708	)		364,872,640

MOR-2H	**A.   Elimination Entries - Through the consolidation process, related party or intercompany transactions are eliminated or offset to allow for the combination (consolidation) of a group of related entities.	Revised:	1/7/2010
	**B.    Reclass Entries - Allows for the repositioning of specific transactions within the financial statement.  Because of the events of default, the preferred stock, usually an Equity item is required to be presented as Debt in the Liabilities section of the balance sheet.

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

COMPARATIVE BALANCE SHEETS

LIABILITIES & OWNER'S	FILING DATE*			AS OF			AS OF			AS OF			AS OF			AS OF			AS OF			AS OF			AS OF
EQUITY	05/17/09			05/31/09			06/30/09			07/31/09			08/31/09			09/30/09			10/31/09			11/30/09			12/31/09
LIABILITIES
POST-PETITION LIABILITIES(MOR-4)		-			5,769,855			14,195,942			19,867,171			20,750,226			27,456,910			30,714,393			33,953,971
PRE-PETITION LIABILITIES
Secured Debt		165,649,793			150,414,315			150,414,315			150,414,315			150,414,315			150,414,315			150,414,315			150,414,315
Priority Debt - Ad Valorem Taxes		744,937			744,937			744,937			744,937			744,937			744,937			744,937			744,937
UNSECURED DEBT
Trade Payables		63,511,268			63,924,744			65,367,664			64,835,126			66,330,669			65,315,043			65,162,859			65,774,088
Redeemable preferred stock		94,486,129			94,487,908			94,487,908			94,487,908			94,487,908			94,487,908			94,487,908			94,487,908
Accrued Preferred Stock Interest Payable		-			4,126,057			3,627,407			3,627,407			3,627,407			3,627,407			3,627,407			3,627,407
Other Payables & Accrued Liabilities		-			5,488,875			2,766,462			2,790,804			1,628,125			2,886,450			2,665,412			3,024,015
Undistributed revenue		-			555,147			1,188,489			10			-			-			-			0
Installment Obligations		-			191,586			143,690			95,793			47,897			-			433,517			385,348
Asset retirement obligation		-			9,889,399			11,180,699			12,016,699			12,016,699			13,823,890			13,823,890			13,823,890
Other Non-GAAP Claims (Litigation)		6,070,723			-			-			-			-			-			-			-
TOTAL PRE-PETITION LIABILITIES		330,462,851			329,822,969			329,921,571			329,012,999			329,297,956			331,299,949			331,360,245			332,281,908
TOTAL LIABILITIES		330,462,851			335,592,824			344,117,513			348,880,170			350,048,183			358,756,859			362,074,638			366,235,879
OWNER'S EQUITY (DEFICIT)
COMMON STOCK		388,852			387,757			387,757			387,757			387,752			387,747			387,747			387,740
ADDITIONAL PAID-IN CAPITAL		150,796,131			150,490,554			150,638,383			150,786,576			150,934,972			151,083,202			151,231,879			151,380,389
RETAINED EARNINGS:  Filing Date		(50,424,832	)		(50,424,832	)		(50,424,832	)		(50,424,832	)		(50,424,832	)		(50,424,832	)		(50,424,832	)		(50,424,832	)
RETAINED EARNINGS:  Post Filing Date		-			(6,535,817	)		(48,930,791	)		(54,206,224	)		(58,788,446	)		(95,183,949	)		(99,488,259	)		(103,809,149	)
LESS CHANGE IN FV OF DERIVATIVES		3,663,730			3,455,320			3,246,911			3,038,501			2,830,092			2,621,682			2,413,273			2,204,863
LESS TREASURY STOCK, AT COST		(1,090,552	)		(1,102,249	)		(1,102,249	)		(1,102,249	)		(1,102,249	)		(1,102,249	)		(1,102,249	)		(1,102,249	)
TOTAL OWNER'S EQUITY (NET WORTH)		103,333,328			96,270,732			53,815,178			48,479,529			43,837,288			7,381,601			3,017,558			(1,363,238	)
TOTAL LIABILITIES & OWNERS EQUITY		433,796,179			431,863,556			397,932,690			397,359,698			393,885,471			366,138,460			365,092,196			364,872,640

	Note: See attached Exhibit 3H for additional information.
MOR-3	*  Per SOFA and Schedules, Liabilities stated as of Filing Date. Pre-Petition liabilities include non-GAAP items such as contingent, unliquidated & disputed claims. Retained Earnings includes Non-GAAP adjustment to balance.	Revised:	1/7/2010

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

COMPARATIVE BALANCE SHEETS

LIABILITIES & OWNER'S	TXCO Resources Inc.			TXCO Energy Corp.			PPL Operating Inc.			Maverick Dimmitt Pipeline			Maverick Gas Marketing			Eagle Pass Well Service Inc.			TXCO Drilling Inc.			Charro Energy			Texas Tar Sands		Output Acquisition Corp.			OPEX Energy  LLC			Eliminations & Reclass**			Per Financials
EQUITY	11/30/09			11/30/09			11/30/09			11/30/09			11/30/09			11/30/09			11/30/09			11/30/09			11/30/09		11/30/09			11/30/09			11/30/09			11/30/09
LIABILITIES
POST-PETITION LIABILITIES(MOR-4)		28,160,610			40,806			-			-			-			399			5,221			5,235					93,869			(695,809	)		6,343,640			33,953,971
PRE-PETITION LIABILITIES
Secured Debt		150,000,000			-			-			-			-			-			414,315			-			-		-			-			-			150,414,315
Priority Debt - Ad Valorem Taxes		455,992			-			-			-			-			661			-			610			-		1,692			285,982			-			744,937
UNSECURED DEBT
Trade Payables		62,170,310			-			63,414			196,838			853,662			227,450			421,755			7,013,694			-		615,709			1,519,546			(7,308,290	)		65,774,088
Redeemable preferred stock		27,579,577			-			-			-			-			-			-			-			-		-			-			66,908,331			94,487,908
Accrued Preferred Stock Interest Payable		9,922,867			-			-			-			-			-			-			-			-		-			-			(6,295,460	)		3,627,407
Other Payables & Accrued Liabilities		5,118,896			6,200,877			-			-			-			(1,557	)		57			8,636			-		147,440			313,751			(8,764,086	)		3,024,015
Undistributed revenue		(965,829	)		-			-			-			-			-			-			-			-		225,997			739,832			-			0
Installment Obligations		385,348			-			-			-			-			-			-			-			-		-			-			-			385,348
Deferred Income Taxes		-			-			-			-			-			-			-			-			-		-			6,642,216			(6,642,216	)		-
Asset retirement obligation		11,129,238			-			-			-			-			-			-			-			-		680,732			2,013,920			-			13,823,890
Other Non-GAAP Claims (Litigation)		-			-			-			-			-			-			-			-			-		-			-			-			-
TOTAL PRE-PETITION LIABILITIES		265,796,399			6,200,877			63,414			196,838			853,662			226,554			836,128			7,022,941			-		1,671,570			11,515,247			37,898,278			332,281,908
TOTAL LIABILITIES		293,957,009			6,241,683			63,414			196,838			853,662			226,953			841,349			7,028,175			-		1,765,439			10,819,437			44,241,918			366,235,879
OWNER'S EQUITY (DEFICIT)
COMMON STOCK		387,740			-			100			-			-			1,000			-			-			-		-			-			(1,100	)		387,740
ADDITIONAL PAID-IN CAPITAL		210,174,962			-			2,774,087			6,648,810			(2,713,489	)		386,337			7,285,951			-			-		102,587,045			78,815,177			(254,578,492	)		151,380,389
RETAINED EARNINGS:  Filing Date		(181,454,042	)		(76,121,725	)		(100,358	)		5,809,560			(251,816	)		(181,676	)		4,630,930			(22,002,246	)		-		(157,797,552	)		(126,231,591	)		503,275,686			(50,424,832	)
RETAINED EARNINGS:  Post Filing Date		48,574,821			85,848,808			70,468			(6,636,310	)		(730,035	)		(312,467	)		(626,187	)		(488,091	)		-		148,501,042			119,338,521			(497,349,720	)		(103,809,149	)
LESS CHANGE IN FV OF DERIVATIVES		2,204,863			-			-			-			-			-			-			-			-		-			-			-			2,204,863
LESS TREASURY STOCK, AT COST		(1,102,249	)		-			-			-			-			-			-			-			-		-			-			-			(1,102,249	)
TOTAL OWNER'S EQUITY (NET WORTH)		78,786,095			9,727,083			2,744,297			5,822,059			(3,695,340	)		(106,806	)		11,290,694			(22,490,338	)		-		93,290,534			71,922,107			(248,653,626	)		(1,363,238	)
TOTAL LIABILITIES & OWNERS EQUITY		372,743,104			15,968,767			2,807,711			6,018,898			(2,841,678	)		120,147			12,132,043			(15,462,162	)		-		95,055,974			82,741,545			(204,411,708	)		364,872,640

MOR-3H	**A.	Elimination Entries - Through the consolidation process, related party or intercompany transactions are eliminated or offset to allow for the combination (consolidation) of a group of related entities.	Revised:	1/7/2010
	**B.	Reclass Entries - Allows for the repositioning of specific transactions within the financial statement.  Because of the events of default, the preferred stock, usually an Equity item is required to be presented as Debt in the Liabilities section of the balance sheet.

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

SCHEDULE OF POST-PETITION LIABILITIES

	MONTH		MONTH		MONTH		MONTH		MONTH		MONTH		MONTH		MONTH		MONTH
	05/17/09		05/31/09		06/30/09		07/31/09		08/31/09		09/30/09		10/31/09		11/30/09		12/31/09
TRADE ACCOUNTS PAYABLE		-		1,510,254		4,811,147		3,503,397		3,667,247		6,648,172		4,719,686		6,175,541
TAX PAYABLE
Payroll taxes payable		-		-		7,370		11,720		11,803		12,253		3,358		4,187
Accrued income taxes payable		-		-		-		-		-		-		-		-
Ad Valorem Taxes		-		-		-		-		-		-		-		-
Other taxes payable		-		8,642		57,759		13,012		30,950		562		30,812		80,402
TOTAL TAXES PAYABLE		-		8,642		65,129		24,733		42,753		12,815		34,170		84,589
SECURED DEBT POST-PETITION		-		2,000,000		7,300,000		13,100,000		13,800,000		17,900,000		22,800,000		24,400,000
ACCRUED INTEREST PAYABLE		-		391,298		670,346		340,078		375,447		389,492		453,908		1,703
ACCRUED PROFESSIONAL FEES*
1. COURT APPROVED PROFESSIONALS		-		-		395,243		533,038		636,901		297,358		685,657		1,065,741
2. DUE COURSE PROFESSIONALS		-		-		556		5,921		12,413		27,774		27,774		51,678
OTHER  ACCRUED LIABILITIES
1. UNDISTRIBUTED REVENUE		-		1,859,662		953,521		2,360,004		2,215,464		2,181,298		1,993,197		2,174,720
2. ASSET RETIREMENT OBLIGATION		-		-		-		-		-		-		-		-
3. INSTALLMENT OBLIGATIONS		-		-		-		-		-		-		-		-
TOTAL POST-PETITION LIABILITIES (MOR-3)		-		5,769,855		14,195,942		19,867,171		20,750,226		27,456,910		30,714,393		33,953,971

	Note:  See Exhibit 4H for additional information.
MOR-4	*Payment requires Court Approval	Revised:	1/7/2010

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

SCHEDULE OF POST-PETITION LIABILITIES

	TXCO Resources Inc.			TXCO Energy Corp.		PPL Operating Inc.		Maverick Dimmitt Pipeline		Maverick Gas Marketing		Eagle Pass Well  Service Inc.		TXCO Drilling Inc.		Charro Energy		Texas Tar Sands		Output Acquisition Corp.		OPEX Energy LLC			Eliminations & Reclass		Per Financials
	11/30/09			11/30/09		11/30/09		11/30/09		11/30/09		11/30/09		11/30/09		11/30/09		11/30/09		11/30/09		11/30/09			11/30/09		11/30/09
ACCT PAYABLE - TRADE - POST PETITION		(255,975	)		-		-		-		-		-		3,519		2,559		-		79,649		(730,807	)		6,343,640		5,442,584
ACCR COMMIT FEE PYBLE-DIP LOAN		640,000																										640,000
PAYROLL PAYABLE		82,106															2,657				8,193							92,956
TRADE ACCOUNTS PAYABLE		466,131			-		-		-		-		-		3,519		5,216		-		87,842		(730,807	)		6,343,640		6,175,541
TAX PAYABLE
Payroll taxes payable		3,527															19				641							4,187
Accrued income taxes payable																												-
Ad Valorem Taxes																												-
Other taxes payable		(1,186	)		40,806								399								5,386		34,997					80,402
TOTAL TAXES PAYABLE		2,341			40,806		-		-		-		399		-		19		-		6,027		34,997			-		84,589
SECURED DEBT POST-PETITION		24,400,000			-		-		-		-		-		-		-		-		-		-			-		24,400,000
ACCRUED INTEREST PAYABLE
1. DIP LOAN		-			-		-		-		-		-		-		-		-		-		-			-		-
2. BMO		-			-		-		-		-		-		-		-		-		-		-			-		-
3. WESTERN NATIONAL BANK		-			-		-		-		-		-		1,703		-		-		-		-			-		1,703
ACCRUED PROFESSIONAL FEES*
1. COURT APPROVED PROFESSIONALS		1,065,741			-		-		-		-		-		-		-		-		-		-			-		1,065,741
2. DUE COURSE PROFESSIONALS		51,678			-		-		-		-		-		-		-		-		-		-			-		51,678
OTHER  ACCRUED LIABILITIES
1. UNDISTRIBUTED REVENUE		2,174,720			-		-		-		-		-		-		-		-		-		-			-		2,174,720
2. ASSET RETIREMENT OBLIGATION		-			-		-		-		-		-		-		-		-		-		-			-		-
3. INSTALLMENT OBLIGATIONS		-			-		-		-		-		-		-		-		-		-		-			-		-
TOTAL POST-PETITION LIABILITIES (MOR-3)		28,160,610			40,806		-		-		-		399		5,221		5,235		-		93,869		(695,809	)		6,343,640		33,953,971

*Payment requires Court Approval

MOR-4H Revised: 1/7/2010

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

AGING OF POST-PETITION LIABILITIES

MONTH 10/31/09         

			TRADE		TAXES		SECURED		ACCRUED		OTHER
DAYS	TOTAL		ACCOUNTS		PAYABLE		DEBT		INTEREST PAYABLE		LIABILITIES
Current		28,575,074		2,908,186		31,484		22,800,000		453,908		2,381,495
0-29 Days		861,748		690,373		2,686						168,689
30-59 Days		1,075,269		1,075,269
60-89 Days		150,023		45,853								104,170
90+ Days		52,275										52,275
TOTAL		30,714,389		4,719,681		34,170		22,800,000		453,908		2,706,629

AGING OF POST-PETITION LIABILITIES

MONTH 11/30/09         

			TRADE			TAXES			SECURED		ACCRUED		OTHER
DAYS	TOTAL		ACCOUNTS			PAYABLE			DEBT		INTEREST PAYABLE		LIABILITIES
Current		31,713,049		4,492,116			47,066			24,400,000		1,703		2,772,163
0-29 Days		482,474		294,909			34,837							152,728
30-59 Days		590,363		376,513			2,686							211,164
60-89 Days		1,012,002		1,012,002										-
90+ Days		156,084												156,084
TOTAL		33,953,971		6,175,541			84,589			24,400,000		1,703		3,292,139
AGING OF ACCOUNTS RECEIVABLE
	AGED AS OF		AGED AS OF			AGED AS OF			AGED AS OF		AGED AS OF		AGED AS OF
DAYS	06/30/09		07/31/09			08/31/09			09/30/09		10/31/09		11/30/09
Current		5,434,640		4,596,248			5,248,645			5,188,428		5,312,175		5,626,115
0-29 Days		3,129,411		(21,561	)		244,164			448,020		87,157		329,192
30-59 Days		1,981,704		3,119,268			(1,885	)		177,663		638,195		62,901
60-89 Days		84,395		1,969,473			3,041,585			131,522		225,132		145,474
90+ Days		7,732,028		6,743,674			8,528,127			11,424,675		11,435,383		9,851,420
TOTAL		18,362,178		16,407,102			17,060,636			17,370,308		17,698,042		16,015,101

MOR-5 Revised: 1/7/2010

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

STATEMENT OF INCOME (LOSS)

	MONTH			MONTH			MONTH			MONTH			MONTH			MONTH			MONTH			MONTH	FILING TO
	5/18/09 - 5/31/09			Jun-09			Jul-09			Aug-09			Sep-09			Oct-09			Nov-09			Dec-09	DATE
REVENUES (MOR-1)		2,034,216			4,318,042			4,121,724			4,442,504			4,009,460			4,407,598			4,729,384				28,062,927
TOTAL COST OF REVENUES		-			-			-			-			-			-			-				-
GROSS PROFIT		2,034,216			4,318,042			4,121,724			4,442,504			4,009,460			4,407,598			4,729,384				28,062,927
OPERATING EXPENSES:
LEASE OPERATIONS		561,460			1,235,682			1,563,682			1,256,610			1,294,267			1,287,337			1,226,658				8,425,695
DRILLING OPERATIONS		52,841			43,100			9,410			23,716			26,520			8,980			10,878				175,444
PRODUCTION TAXES		94,301			165,436			109,771			196,504			166,900			223,674			227,108				1,183,694
EXPLORATION EXPENSES		472,109			63,268			630,028			160,258			146,561			171,155			42,232				1,685,611
DRY HOLE COSTS		-			-			-			-			-			-			-				-
GAS GATHERING OPERATIONS		1,279			2,294			10,774			-			-			2,656			(81	)			16,923
GENERAL AND ADMINISTRATIVE		360,307			479,846			891,722			531,490			576,404			604,561			558,392				4,002,723
TOTAL OPERATING EXPENSES		1,542,297			1,989,627			3,215,386			2,168,578			2,210,652			2,298,363			2,065,188				15,490,089
INCOME BEFORE INT, DEPR/TAX (MOR-1)		491,919			2,328,415			906,338			2,273,926			1,798,807			2,109,235			2,664,196				12,572,838
DEPRECIATION, DEPLETION AND AMORTIZATION		(1,730,799	)		(6,859,405	)		(3,820,455	)		(3,950,928	)		(3,815,706	)		(3,809,798	)		(3,855,977	)			(27,843,068	)
IMPAIRMENT EXPENSE		(152,299	)		(36,347,571	)		(234,680	)		(314,261	)		(31,764,574	)		(260,677	)		(247,368	)			(69,321,430	)
STOCK COMPENSATION EXPENSE		138,497			(147,829	)		(148,193	)		(148,391	)		(148,224	)		(148,677	)		(148,504	)			(751,321	)
INTEREST INCOME		-			-			-			-			-			-			-				-
INTEREST EXPENSE		(1,006,749	)		628,136			(1,013,062	)		(601,154	)		(716,640	)		(773,804	)		(791,924	)			(4,275,197	)
DERIVATIVE SETTLEMENTS LOSS		-			-			-			-			-			-			-				-
DERIVATIVE MARK TO MARKET GAIN/(LOSS)		-			-			-			-			-			-			-				-
GAIN/LOSS ON SALE OF ASSETS		28,949			-			(6,028	)		(81,278	)		-			-			-				(58,357	)
TOTAL INT, DEPR & OTHER ITEMS		(2,722,402	)		(42,726,669	)		(5,222,419	)		(5,096,012	)		(36,445,145	)		(4,992,955	)		(5,043,773	)			(102,249,375	)
NET INCOME BEFORE TAXES & REORGANIZATION ITEMS		(2,230,483	)		(40,398,254	)		(4,316,081	)		(2,822,086	)		(34,646,338	)		(2,883,720	)		(2,379,577	)			(89,676,537	)
INTEREST EARNED ON CASH FROM CHAPTER 11		467			373			361			373			373			1,436			296				3,677
PROFESSIONAL FEES		(414,223	)		(1,077,226	)		(439,234	)		(911,406	)		(735,411	)		(971,035	)		(1,018,786	)			(5,567,321	)
LOAN FEE AMORTIZATION		(28,903	)		(597,780	)		(520,479	)		(634,378	)		(1,030,883	)		(343,627	)		(815,461	)			(3,971,511	)
REORGANIZATION ITEMS		(442,660	)		(1,674,633	)		(959,353	)		(1,545,411	)		(1,765,921	)		(1,313,227	)		(1,833,952	)			(9,535,156	)
NET INCOME BEFORE TAXES		(2,673,142	)		(42,072,887	)		(5,275,433	)		(4,367,497	)		(36,412,259	)		(4,196,947	)		(4,213,529	)			(99,211,693	)
FEDERAL INCOME TAXES		-			(322,087	)		-			(214,725	)		16,756			(107,364	)		(107,362	)			(734,781	)
NET INCOME (LOSS) (MOR-1)		(2,673,142	)		(42,394,974	)		(5,275,433	)		(4,582,222	)		(36,395,502	)		(4,304,310	)		(4,320,890	)			(99,946,474	)
*See Exhibit 6G for additional information.

MOR-6 Revised: 1/7/2010

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

STATEMENT OF INCOME (LOSS)
	TXCO Resources Inc.			TXCO Energy Corp.			PPL Operating Inc.		Maverick Dimmitt Pipeline		Maverick Gas Marketing		Eagle Pass Well Service Inc.			TXCO Drilling Inc.			Charro Energy			Texas Tar Sands		Output Acquisition Corp.			OPEX Energy LLC			Total Before Elim			Eliminations & Reclass			Per Financials
	November-09			November-09			November-09		November-09		November-09		November-09			November-09			November-09			November-09		November-09			November-09			November-09			November-09			November-09
REVENUES    (MOR-1)		528,843			3,246,362			-		-		-		19,335			17,241			-			-		338,531			622,958			4,773,271			(43,887	)		4,729,384
TOTAL COST OF REVENUES		-			-			-		-		-		-			-			-			-		-			-			-			-			-
GROSS PROFIT		528,843			3,246,362			-		-		-		19,335			17,241			-			-		338,531			622,958			4,773,271			(43,887	)		4,729,384
OPERATING EXPENSES:
LEASE OPERATIONS		42,933			1,051,303			-		-		-		-			-			17,654			-		52,809			242,213			1,406,912			(180,254	)		1,226,658
DRILLING OPERATIONS		1,216			(1,965	)		-		-		-		20,507			16,187			-			-		-			-			35,945			(25,067	)		10,878
PRODUCTION TAXES		-			160,756			-		-		-		-			-			-			-		29,884			36,468			227,108			-			227,108
EXPLORATION EXPENSES		6,564			20,054			-		-		-		-			-			-			-		3,300			12,315			42,232			-			42,232
DRY HOLE COSTS		-			-			-		-		-		-			-			-			-		-			-			-			-			-
GAS GATHERING OPERATIONS		(81	)		-			-		-		-		-			-			-			-		-			-			(81	)		-			(81	)
GENERAL AND ADMINISTRATIVE		522,450			(13,331	)		-		-		-		25			2,245			1,793			-		71,240			(26,029	)		558,392			-			558,392
TOTAL OPERATING EXPENSES		573,082			1,216,816			-		-		-		20,531			18,433			19,447			-		157,233			264,966			2,270,508			(205,321	)		2,065,188
INCOME BEFORE INT, DEPR/TAX (MOR-1)		(44,238	)		2,029,546			-		-		-		(1,196	)		(1,191	)		(19,447	)		-		181,298			357,992			2,502,762			161,434			2,664,196
DEPRECIATION, DEPLETION AND AMORTIZATION		(96,064	)		(3,226,834	)		-		-		-		(2,459	)		(77,892	)		(19	)		-		(182,662	)		(301,608	)		(3,887,537	)		31,560			(3,855,977	)
IMPAIRMENT EXPENSE		(89,771	)		(157,841	)		-		-		-		-			-			244			-		-			-			(247,368	)		-			(247,368	)
STOCK COMPENSATION EXPENSE		(148,504	)		-			-		-		-		-			-			-			-		-			-			(148,504	)		-			(148,504	)
INTEREST INCOME		-			-			-		-		-		-			-			-			-		-			-			-			-			-
INTEREST EXPENSE		(2,311,150	)		-			-		-		-		-			(1,703	)		-			-		-			-			(2,312,853	)		1,520,930			(791,924	)
DERIVATIVE SETTLEMENTS  LOSS		-			-			-		-		-		-			-			-			-		-			-			-			-			-
DERIVATIVE MARK TO MARKET GAIN/(LOSS)		-			-			-		-		-		-			-			-			-		-			-			-			-			-
GAIN/LOSS ON SALE OF ASSETS		-			-			-		-		-		-			-			-			-		-			-			-			-			-
TOTAL INT, DEPR & OTHER ITEMS		(2,645,489	)		(3,384,675	)		-		-		-		(2,459	)		(79,595	)		225			-		(182,662	)		(301,608	)		(6,596,263	)		1,552,490			(5,043,773	)
NET INCOME BEFORE TAXES & REORGANIZATION ITEMS		(2,689,728	)		(1,355,129	)		-		-		-		(3,655	)		(80,786	)		(19,222	)		-		(1,363	)		56,384			(4,093,500	)		1,713,923			(2,379,577	)
INTEREST EARNED ON CASH FROM CHAPTER 11		296			-			-		-		-		-			-			-			-		-			-			296			-			296
PROFESSIONAL FEES		(810,788	)		(207,998	)		-		-		-		-			-			-			-		-			-			(1,018,786	)		-			(1,018,786	)
LOAN FEE AMORTIZATION		(815,461	)		-			-		-		-		-			-			-			-		-			-			(815,461	)		-			(815,461	)
REORGANIZATION ITEMS		(1,625,953	)		(207,998	)		-		-		-		-			-			-			-		-			-			(1,833,952	)		-			(1,833,952	)
NET INCOME BEFORE TAXES		(4,315,681	)		(1,563,127	)		-		-		-		(3,655	)		(80,786	)		(19,222	)		-		(1,363	)		56,384			(5,927,452	)		1,713,923			(4,213,529	)
FEDERAL INCOME TAXES		(107,362	)		-			-		-		-		-			-			-			-		-			-			(107,362	)		-			(107,362	)
NET INCOME (LOSS)  (MOR-1)		(4,423,043	)		(1,563,127	)		-		-		-		(3,655	)		(80,786	)		(19,222	)		-		(1,363	)		56,384			(6,034,814	)		1,713,923			(4,320,890	)

MOR-6G Revised: 1/7/2010

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

CASH RECEIPTS AND	MONTH	MONTH	MONTH	MONTH	MONTH	MONTH	FILING TO
DISBURSEMENTS							DATE
1. CASH-BEGINNING OF MONTH	SEE ATTACHED EXHIBIT: MOR 7G - November 2009
RECEIPTS:
2.  CASH SALES
3.  COLLECTION OF ACCOUNTS RECEIVABLE
4.  LOANS & ADVANCES (attach list)
5.  SALE OF ASSETS
6.  OTHER (attach list)
TOTAL RECEIPTS**
(Withdrawal) Contribution by Individual Debtor MFR-2*
DISBURSEMENTS:
7.  NET PAYROLL
8.  PAYROLL TAXES PAID
9.  SALES, USE & OTHER TAXES PAID
10.  SECURED/RENTAL/LEASES
11.  UTILITIES & TELEPHONE
12.  INSURANCE
13.  INVENTORY PURCHASES
14.  VEHICLE EXPENSES
15.  TRAVEL & ENTERTAINMENT
16.  REPAIRS, MAINTENANCE & SUPPLIES
17.  ADMINISTRATIVE & SELLING
18.  ADEQUATE PROTECTION PAYMENT(S)
19.  OTHER (attach list)
TOTAL DISBURSEMENTS FROM OPERATIONS
19.  PROFESSIONAL FEES
20.  U.S. TRUSTEE FEES
21.  OTHER REORGANIZATION EXPENSES (attach list)
TOTAL DISBURSEMENTS**
22.  NET CASH FLOW
23.  CASH - END OF MONTH (MOR-2)

	* Applies to Individual debtors only
MOR-7	**Numbers for the current month should balance (match)
	RECEIPTS and CHECKS/OTHER DISBURSEMENTS lines on MOR-8

Case Name: TXCO Resources Inc.

Case Number: 09-51807-RBK

CASH RECEIPTS AND DISBURSEMENTS

Month of	TXCO Resources Inc.			TXCO Energy Corp.		PPL Operating Inc.		Maverick Dimmitt Pipeline		Maverick Gas Marketing		Eagle Pass Well Service Inc.			TXCO Drilling Inc.			Charro Energy		Texas Tar Sands		Output Acquisition Corp.			OPEX Energy LLC			Consolidated
November-09	TOTAL			TOTAL		TOTAL		Guaranty Operating		Guaranty Operating		TOTAL			TOTAL			TOTAL		TOTAL		TOTAL			TOTAL			TOTAL
Beginning Cash Balance Available for Disbursements	$	6,577,973.73		$	-	$	175.00	$	-	$	-	$	3,771.29		$	281.47		$	140.05	$	-	$	985,862.84		$	1,144,603.25		$	8,712,807.63
Receipts	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-
Oil and Gas Receipts	$	3,136,934.60		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	242,392.02		$	397,638.61		$	3,776,965.23
Accts Receivable - Joint Interest Billings	$	617,813.14		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	87,505.65		$	8,053.12		$	713,371.91
Miscellaneous Inflows	$	53.08		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	53.08
Intercompany Transfers - In	$	3,931,134.46		$	-	$	-	$	-	$	-	$	54,000.00		$	1,319,144.00		$	11,515.00	$	-	$	88,017.77		$	226,106.40		$	5,629,917.63
Loan Advances	$	1,600,000.00		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	1,600,000.00
Other Cash Receipts	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	-
Other Cash Receipts	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	-
Other Cash Receipts	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	-
Net Receipts	$	9,285,935.28		$	-	$	-	$	-	$	-	$	54,000.00		$	1,319,144.00		$	11,515.00	$	-	$	417,915.44		$	631,798.13		$	11,720,307.85
Total Cash Available for Disbursements	$	15,863,909.01		$	-	$	175.00	$	-	$	-	$	57,771.29		$	1,319,425.47		$	11,655.05	$	-	$	1,403,778.28		$	1,776,401.38		$	20,433,115.48
Intercompany Transfers - Out	$	3,996,649.46		$	-	$	-	$	-	$	-	$	-		$	1,319,144.00		$	-	$	-	$	88,017.77		$	226,106.40		$	5,629,917.63
Disbursements	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-
Operating Expenses	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	-
Payroll and Benefits, Total Company	$	338,205.40		$	-	$	-	$	-	$	-	$	-		$	-		$	10,628.84	$	-	$	16,700.48		$	-		$	365,534.72
Office Rent - Houston and San Antonio	$	50,409.45		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	15,816.98		$	-		$	66,226.43
Insurance	$	48,168.53		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	48,168.53
Financial and Legal Expenses - Recurring	$	7,950.00		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	1,892.00		$	-		$	9,842.00
Cage Ranch Attorney Fees	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	-
Board of Director Expenses	$	15,000.00		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	15,000.00
Severance Taxes	$	16,901.10		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	16,901.10
Travel and Other Misc. Operating Expenses	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	-
Miscellaneous Restructuring Expenses	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	-
Unreserved Revenue Disbursement	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	-
Other Operating Expenses	$	129,209.36		$	-	$	-	$	-	$	-	$	710.63		$	-		$	102.38	$	-	$	42,243.95		$	24,222.63		$	196,488.95
Total Operating Expenses	$	605,844		$	-	$	-	$	-	$	-	$	711		$	-		$	10,731	$	-	$	76,653		$	24,223		$	718,162
Revenue Distributions	$	605,559		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	9,935		$	51,539		$	667,033
Restructuring Expenses	$	603,568.19		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	603,568.19
Committee Professional Fees	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	-
Lease Operating Expenses	$	313,275.49		$	-	$	-	$	-	$	-	$	54,937.73		$	-		$	700.00	$	-	$	40,327.12		$	89,033.45		$	498,273.79
Capex - Drilling	$	1,379,153.60		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	1,379,153.60
Capex - Lease Payments & Seismic	$	426,323.54		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	426,323.54
Capex - Existing Wells (Operated and Non Operated)	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	-
Cash Available For Debt Service	$	7,933,536.01		$	-	$	175.00	$	-	$	-	$	2,122.93		$	281.47		$	223.83	$	-	$	1,188,844.92		$	1,385,500.04		$	10,510,684.20
Total Debt	$	834,348.14		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	834,348.14
Cash Available After Debt Service	$	7,099,187.87		$	-	$	175.00	$	-	$	-	$	2,122.93		$	281.47		$	223.83	$	-	$	1,188,844.92		$	1,385,500.04		$	9,676,336.06
Net Misc. Cash Outflows	$	6,930.54		$	-	$	-	$	-	$	-	$	-		$	-		$	0.00	$	-	$	(4,728.50	)	$	21.05		$	2,223.09
Total Disbursements	$	8,771,651.68		$	-	$	-	$	-	$	-	$	55,648.36		$	1,319,144.00		$	11,431.22	$	-	$	210,204.86		$	390,922.39		$	10,759,002.51
Change in Cash	$	514,283.60		$	-	$	-	$	-	$	-	$	(1,648.36	)	$	-		$	83.78	$	-	$	207,710.58		$	240,875.74		$	961,305.34
Ending Cash Balance	$	7,092,257.33		$	-	$	175.00	$	-	$	-	$	2,122.93		$	281.47		$	223.83	$	-	$	1,193,573.42		$	1,385,478.99		$	9,674,112.97
Check Figure	$	-		$	-	$	-	$	-	$	-	$	-		$	-		$	-	$	-	$	-		$	-		$	3,108,093.54
Intercompany Transfers - In	$	3,931,134.46		$	-	$	-	$	-	$	-	$	54,000.00		$	1,319,144.00		$	11,515.00	$	-	$	88,017.77		$	226,106.40		$	5,629,917.63
Intercompany Transfers - Out	$	(3,996,649.46	)	$	-	$	-	$	-	$	-	$	-		$	(1,319,144.00	)	$	-	$	-	$	(88,017.77	)	$	(226,106.40	)	$	(5,629,917.63	)
Net Intercompany Transfers	$	(65,515.00	)	$	-	$	-	$	-	$	-	$	54,000.00		$	-		$	11,515.00	$	-	$	-		$	-		$	-
Total Disbursements - net of Intercompany	$	4,775,002.22		$	-	$	-	$	-	$	-	$	55,648.36		$	-		$	11,431.22	$	-	$	122,187.09		$	164,815.99		$	5,129,084.88

MOR-7G

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

CASH ACCOUNT RECONCILIATION

MONTH OF _____________________

BANK NAME	SEE ATTACHED EXHIBITS: MOR 8G - November 2009
ACCOUNT NUMBER
ACCOUNT TYPE
BANK BALANCE
DEPOSITS IN TRANSIT
OUTSTANDING CHECKS
ADJUSTED BANK BALANCE
BEGINNING CASH - PER BOOKS
RECEIPTS*
TRANSFERS BETWEEN ACCOUNTS
(WITHDRAWAL) OR CONTRIBUTION BY INDIVIDUAL DEBTOR MFR-2
CHECKS/OTHER DISBURSEMENTS*
ENDING CASH - PER BOOKS

MOR-8	*Numbers should balance (match) TOTAL RECEIPTS and
	TOTAL DISBURSEMENTS lines on MOR-7

CASE NAME:	TXCO Resources, Inc.
CASE NUMBER:	09-51807-RBK

CASH ACCOUNT RECONCILIATION
MONTH OF	November-09

BANK NAME	Frost Bank		Frost Bank			Frost Bank			Frost Bank		Guaranty		Guaranty		Guaranty			Guaranty		TOTAL
ACCOUNT TYPE	Operating Account		Revenue Account			Leasing Account			Drilling Account		Concentration		Controlled Disbursement		Revenue Clearing			Revenue Disbursement		November-09
BANK BALANCE		3,624,564		851,578			275,183			3,065,811		-		-		0			-		7,817,136
DEPOSITS IN TRANSIT		-		-			-			-		-		-		-			-		-
OUTSTANDING CHECKS		723,792		53,583			78,703			383,083		-		-		(0	)		-		1,239,162
ADJUSTED BANK BALANCE		2,900,772		797,994			196,479			2,682,728		-		-		0			-		6,577,974
BEGINNING CASH - PER BOOKS		2,900,772		797,994			196,479			2,682,728		-		-		0			-		6,577,974
RECEIPTS*		2,217,866		3,136,935			-			-		-		-		-			-		5,354,801
TRANSFERS BETWEEN ACCOUNTS		741,351		(2,119,000	)		(8,430	)		1,320,565		-		-		-			-		(65,515	)
CHECKS/OTHER DISBURSEMENTS*		2,613,966		605,559			176,324			1,379,154		-		-		0			-		4,775,002
ENDING CASH - PER BOOKS		3,246,022		1,210,370			11,725			2,624,140		-		-		0			-		7,092,257
MOR-8F															Revised:			1/7/2010

CASE NAME:	PPL OPERATING, INC.
CASE NUMBER:	09-51817-RBK
CASH ACCOUNT RECONCILIATION
MONTH OF	November-09

BANK NAME	Frost Bank		Guaranty		TOTAL
ACCOUNT TYPE	Operating Acct		PPLOI Operating		November-09
BANK BALANCE		175		-		175
DEPOSITS IN TRANSIT		-		-		-
OUTSTANDING CHECKS		-		-		-
ADJUSTED BANK BALANCE		175		-		175
BEGINNING CASH - PER BOOKS		175		-		175
RECEIPTS*		-		-		-
TRANSFERS BETWEEN ACCOUNTS		-		-		-
CHECKS/OTHER DISBURSEMENTS*		-		-		-
ENDING CASH - PER BOOKS		175		-		175
MOR-8F	Revised:		1/7/2010

CASE NAME:	MAVERICK-DIMMIT PIPELINE, LTD.
CASE NUMBER:	09-51816-RBK
CASH ACCOUNT RECONCILIATION
MONTH OF	November-09

BANK NAME	Guaranty		TOTAL
ACCOUNT TYPE	MDPL Operating		November-09
BANK BALANCE		-		-
DEPOSITS IN TRANSIT		-		-
OUTSTANDING CHECKS		-		-
ADJUSTED BANK BALANCE		-		-
BEGINNING CASH - PER BOOKS		-		-
RECEIPTS*		-		-
TRANSFERS BETWEEN ACCOUNTS		-		-
CHECKS/OTHER DISBURSEMENTS*		-		-
ENDING CASH - PER BOOKS		-		-
	Revised:
MOR-8F	1/7/2010

CASE NAME:	MAVERICK GAS MARKETING, LTD.
CASE NUMBER:	09-51815-RBK
CASH ACCOUNT RECONCILIATION
MONTH OF	November-09

BANK NAME	Guaranty		TOTAL
ACCOUNT TYPE	MGM Operating		November-09
BANK BALANCE		-		-
DEPOSITS IN TRANSIT		-		-
OUTSTANDING CHECKS		-		-
ADJUSTED BANK BALANCE		-		-
BEGINNING CASH - PER BOOKS		-		-
RECEIPTS*		-		-
TRANSFERS BETWEEN ACCOUNTS		-		-
CHECKS/OTHER DISBURSEMENTS*		-		-
ENDING CASH - PER BOOKS		-		-
	Revised:
MOR-8F	1/7/2010

CASE NAME:	EAGLE PASS WELL SERVICE, LLC
CASE NUMBER:	09-51808-RBK
CASH ACCOUNT RECONCILIATION
MONTH OF	November-09

BANK NAME	Frost Bank		Guaranty		TOTAL
ACCOUNT TYPE	Operating Acct		EPWS Operating		November-09
BANK BALANCE		4,271		-		4,271
DEPOSITS IN TRANSIT		-		-		-
OUTSTANDING CHECKS		500		-		500
ADJUSTED BANK BALANCE		3,771		-		3,771
BEGINNING CASH - PER BOOKS		3,771		-		3,771
RECEIPTS*		-		-		-
TRANSFERS BETWEEN ACCOUNTS		54,000		-		54,000
CHECKS/OTHER DISBURSEMENTS*		55,648		-		55,648
ENDING CASH - PER BOOKS		2,123		-		2,123
MOR-8F	Revised:		1/7/2010

CASE NAME:	TXCO DRILLING CORP.
CASE NUMBER:	09-51809-RBK
CASH ACCOUNT RECONCILIATION
MONTH OF	November-09

BANK NAME	Frost Bank		Western National Bank			Guaranty		TOTAL
ACCOUNT TYPE	Operating Acct		TXCO Drilling			TXCO Drilling Operating		November-09
BANK BALANCE		281		0			-		281
DEPOSITS IN TRANSIT		-		-			-		-
OUTSTANDING CHECKS		-		(0	)		-		(0	)
ADJUSTED BANK BALANCE		281		0			-		281
BEGINNING CASH - PER BOOKS		281		0			-		281
RECEIPTS*		-		-			-		-
TRANSFERS BETWEEN ACCOUNTS		-		-			-		-
CHECKS/OTHER DISBURSEMENTS*		-		-			-		-
ENDING CASH - PER BOOKS		281		0			-		281
MOR-8F			Revised:			1/7/2010

CASE NAME:	CHARRO ENERGY, INC.
CASE NUMBER:	09-51810-RBK
CASH ACCOUNT RECONCILIATION
MONTH OF	November-09

BANK NAME	Frost Bank		Guaranty		TOTAL
ACCOUNT TYPE	Operating Acct		Charro Energy		November-09
BANK BALANCE		13,493		-		13,493
DEPOSITS IN TRANSIT		-		-		-
OUTSTANDING CHECKS		13,353		-		13,353
ADJUSTED BANK BALANCE		140		-		140
BEGINNING CASH - PER BOOKS		140		-		140
RECEIPTS*		-		-		-
TRANSFERS BETWEEN ACCOUNTS		11,515		-		11,515
CHECKS/OTHER DISBURSEMENTS*		11,431		-		11,431
ENDING CASH - PER BOOKS		224		-		224
MOR-8F	Revised:		1/7/2010

CASE NAME:	TEXAS TAR SANDS, INC.
CASE NUMBER:	09-51814-RBK
CASH ACCOUNT RECONCILIATION
MONTH OF	November-09

BANK NAME	Frost Bank		Guaranty		TOTAL
ACCOUNT TYPE	Operating Acct		Tar Sands Operating		November-09
BANK BALANCE		-		-		-
DEPOSITS IN TRANSIT		-		-		-
OUTSTANDING CHECKS		-		-		-
ADJUSTED BANK BALANCE		-		-		-
BEGINNING CASH - PER BOOKS		-		-		-
RECEIPTS*		-		-		-
TRANSFERS BETWEEN ACCOUNTS		-		-		-
CHECKS/OTHER DISBURSEMENTS*		-		-		-
ENDING CASH - PER BOOKS		-		-		-
MOR-8F	Revised:		1/7/2010

CASE NAME:	OUTPUT ACQUISITION CORP.
CASE NUMBER:	09-51811-RBK
CASH ACCOUNT RECONCILIATION
MONTH OF	November-09

BANK NAME	Frost Bank		Frost Bank			Amegy			Amegy		TOTAL
ACCOUNT TYPE	Operating Account		Revenue Account			Output Operating			Output Royalty		November-09
BANK BALANCE		1,006,068		13,084			4,447			-		1,023,600
DEPOSITS IN TRANSIT		-		-			-			-		-
OUTSTANDING CHECKS		32,621		387			4,729			-		37,737
ADJUSTED BANK BALANCE		973,447		12,697			(281	)		-		985,863
BEGINNING CASH - PER BOOKS		973,447		12,697			(281	)		-		985,863
RECEIPTS*		87,506		242,392			-			-		329,898
TRANSFERS BETWEEN ACCOUNTS		88,018		(84,000	)		(4,018	)		-		0
CHECKS/OTHER DISBURSEMENTS*		116,551		9,935			(4,299	)		-		122,187
ENDING CASH - PER BOOKS		1,032,419		161,154			(0	)		-		1,193,573
MOR-8F						Revised:			1/7/2010

CASE NAME:	OPEX ENERGY, LLC
CASE NUMBER:	09-51813-RBK
CASH ACCOUNT RECONCILIATION
MONTH OF	November-09

BANK NAME	Frost Bank		Frost Bank			Amegy			Amegy		TOTAL
ACCOUNT TYPE	Operating Account		Revenue Account			OPEX Operating			OPEX Royalty		November-09
BANK BALANCE		931,795		275,725			5,106			-		1,212,627
DEPOSITS IN TRANSIT		-		-			-			-		-
OUTSTANDING CHECKS		25,914		42,110			(0	)		-		68,024
ADJUSTED BANK BALANCE		905,881		233,616			5,106			-		1,144,603
BEGINNING CASH - PER BOOKS		905,881		233,616			5,106			-		1,144,603
RECEIPTS*		8,053		397,639			-			-		405,692
TRANSFERS BETWEEN ACCOUNTS		226,106		(221,000	)		(5,106	)		-		(0	)
CHECKS/OTHER DISBURSEMENTS*		113,277		51,539			-			-		164,816
ENDING CASH - PER BOOKS		1,026,763		358,716			0			-		1,385,479
MOR-8F						Revised:			1/7/2010

CASE NAME:	TXCO Resources Inc.
CASE NUMBER:	09-51807-RBK

PAYMENTS TO INSIDERS AND PROFESSIONALS

Of the total disbursements shown for the month, list the amount paid to insiders (as defined in Section 101(31)(A)-(F) of the U.S. Bankruptcy Code) and the professionals.

Also, for insiders, identify the type of compensation paid (e.g., salary, commission, bonus, etc.)  (Attach additional pages as necessary).

		MONTH		MONTH		MONTH		MONTH		MONTH		MONTH**		MONTH		MONTH
INSIDERS:  NAME / COMP TYPE		5/18/09 - 5/31/09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
1.	Frank Russell / 401k Match		135.00		-		-		-		-		-		-
2.	Frank Russell / Insurance		272.20		602.73		602.73		602.73		602.73		602.73		602.73
3.	Frank Russell / Salary		4,500.00		15,000.00		15,000.00		15,000.00		15,000.00		22,500.00		15,000.00
4.	Frank Russell / Expense Reimbursement		1,009.59		-		730.69		581.27		-		196.08		1,050.53
5.	Gary Grinsfelder / 401k Match		218.07		-		-		-		-		-		-
6.	Gary Grinsfelder / Insurance		296.71		657.00		657.00		657.00		657.00		657.00		657.00
7.	Gary Grinsfelder / Salary		7,269.23		24,230.78		24,230.78		24,230.78		24,230.78		36,346.17		24,230.78
8.	Gary Grinsfelder / Expense Reimbursement		-		-		1,938.83		-		2,218.93		1,245.65		-
9.	Jim Sigmon / 401k Match		242.31		-		-		-		-		-		-
10.	Jim Sigmon / Insurance		296.71		657.00		657.00		657.00		657.00		657.00		657.00
11.	Jim Sigmon / Salary		8,076.92		26,923.08		26,923.08		26,923.08		26,923.08		40,384.62		26,923.08
12.	Jim Sigmon / Expense Reimbursement		-		1,017.12		1,599.09		1,161.83		1,081.11		1,436.32		796.02
13.	Jim Sigmon / Royalty Payments		-		72,305.54		27,397.37		28,640.48		23,861.45		26,355.94		22,068.58
14.	Richard A. Sartor / 401k Match		105.92		-		-		-		-		-		-
15.	Richard A. Sartor / Insurance		290.48		657.00		657.00		657.00		657.00		657.00		657.00
16.	Richard A. Sartor / Salary		3,530.77		11,769.24		25,061.54		11,830.77		16,538.46		24,807.69		16,538.46
17.	Richard A. Sartor / Expense Reimbursement		292.49		275.96		1,034.98		-		484.67		136.93		356.21
18.	Ronald Tabery / 401k Match		95.19		-		-		-		-		-		-
19.	Ronald Tabery / Insurance		263.51		583.48		583.48		583.48		583.48		583.48		583.48
20.	Ronald Tabery / Salary		3,173.08		10,576.92		10,576.92		10,576.92		10,576.92		15,865.38		10,576.92
21.	Ronald Tabery / Expense Reimbursement		-		30.26		1,458.74		825.39		1,174.43		1,043.41		-
22.	Alan L. Edgar / Director Compensation		-		1,000.00		10,500.00		1,000.00		9,500.00		2,000.00		3,000.00
23.	Dennis B. Fitzpatrick / Director Compensation		-		1,000.00		13,000.00		1,000.00		12,000.00		2,000.00		2,000.00
24.	Michael Pint / Director Compensation		-		1,000.00		10,500.00		1,000.00		9,500.00		1,000.00		3,000.00
25.	Jake Roorda / Director Compensation		-		1,000.00		11,398.71		1,000.00		7,500.00		2,000.00		3,000.00
26.	Anthony Tripodo / Director Compensation		-		-		10,532.34		1,000.00		8,500.00		2,000.00		3,000.00
27.	Jon Michael Muckleroy / Director Compensation		-		1,000.00		13,000.00		1,000.00		10,000.00		2,000.00		1,000.00
TOTAL INSIDERS  (MOR-1)			30,068.18		170,286.11		208,040.28		128,927.73		182,247.04		184,475.40		135,697.79	-

		MONTH		MONTH		MONTH			MONTH		MONTH		MONTH		MONTH		MONTH
PROFESSIONALS		5/18/09-5/31/09		Jun-09		Jul-09			Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
1.	Cox & Smith		-		-		395,333.65	*		166,692.77		-		230,864.40		292,970.35
2.	Fulbright & Jaworski		-		-		157,289.15	*		-		-		11,817.09		-
3.	FTI Consulting Inc.		-		200,000.00		208,734.47			225,562.88		200,000.00		226,798.82		200,000.00
4.	KPMG		-		-		-			-		-		54,999.44		-
5.	Gardere Wynne Sewell LLP		-		-		-			269,168.61		-		184,786.70		-
TOTAL PROFESSIONALS     (MOR-1)			-		200,000.00		208,734.47			661,424.26		200,000.00		709,266.45		492,970.35	-

MOR-9	*These figures were transposed in the July and August MOR filings.	Revised:	1/7/2010
	They have been corrected as of the September report.
	** October had three pay periods versus the two pay periods in prior months