The Beard Company filed a motion in the US Bankruptcy Court for the private sale of its subsidiary on June 28, 2013. The debtor seeks the Court's approval for the sale of its subsidiary to Partnership of Houston, Texas, the buyer, for a purchase price of $0.05 million in cash. The debtor's assets include estate's interest in 3.59 acres being Tracts 9D & 9F in the Harmon Survey, Abstract#315.