EP Energy Corporation filed a motion in the US Bankruptcy Court for approving procedures for the sale of its De Minimis assets on April 2, 2020. The Debtors expect that most of the De Minimis Transactions will be consummated in the ordinary course of the Debtors’ business and, therefore, be permitted under the bankruptcy code without the need for court authority. For property that, in the debtors’ good faith determination, has a fair market value of less than $1 million and is proposed to be sold or purchased in a transaction, or in a series of related transactions known as a Non-Noticed Transaction. For property that, in the Debtors’ good faith determination, has a fair market value equal to or greater than $1 million, and less than or equal to $10 million, and is proposed to be sold or purchased in a transaction, or in a series of related transactions known as a Noticed Transaction. For property that, in the Debtors’ good faith determination, has a fair market value greater than $10 million, and is proposed to be sold or purchased in a transaction, or in a series of related transactions, the Debtors shall seek authority to sell or purchase such property pursuant to a motion and in accordance with the bankruptcy code, bankruptcy rules, and local rules. The debtors request authority to sell, purchase, or transfer De Minimis Assets for a price of up to $10 million, the debtors believe that many individual transactions will, in fact, be for assets worth substantially less.