The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of substantially all the assets of PetroShare Corp. on November 20, 2019. The debtors are authorized to conduct the sale of substantially all the assets for a purchase price of $26.5 million or higher in cash. To qualify as a qualified bidder, interested parties should submit their bids by November 25, 2019. The initial minimum overbid would be determined at auction by the debtor. If the debtor receives any qualified bids then it would hold an auction for its assets on December 2, 2019. At the auction, the subsequent bids would be in increments of $0.25 million. The sale hearing is scheduled for December 4, 2019.