Fieldwood Energy LLC filed a motion in the US Bankruptcy Court for the sale of its certain assets on August 14, 2021. The debtor seeks the Court’s approval for the sale of its certain assets to Lukoil International Holding Gmbh, for a purchase price of $5 million in cash and the assumption of the Assumed Obligations pursuant to the asset purchase agreement, dated July 2, 2021. The debtor’s assets include debtor’s Interests in the Mexico Companies. The sale hearing is scheduled for September 7, 2021. The proceeds from the sale would be used to pay off the amount owed to the debtor’s pre-petition lender.