This mod makes it so you drop torches you are carrying when you draw you weapon for combat (or whenever, really). After you sheath your weapon, you can pick the torch back up.
This is a small modification of Frugal's excellent Drop Lit Torches. I simply added weight (1 pound) and made the torches a bit brighter. This was requested by Delte, who runs a thread of immersive mods at the official elderscrolls modforums. As a user of darker dungeons he needed brighter torches with weight and keep the "drop in combat" function. Use the hotkey torch to equip a torch.
All credits go Frugal for creating the original version which can be found here: Tesnexus.com
I don't check the Tesnexus forums very often, so you can contact me at the Bethsoft Oblivion modforums: Bethsoft.com