PostRock Energy Corporation filed a motion in the US Bankruptcy Court seeking approval for the sale of certain assets on October 19, 2016. As per the motion, debtor seeks to sell 661 wells to Tiger Energy & Exploration, LLC, pursuant to the letter of agreement dated October 19, 2016. The purchase price will be assumption of liability for plugging the asset, i.e. $2 million. Buyer and debtor will enter into a purchase agreement by November 16, 2016.