The US Bankruptcy Court gave an order approving the second amended bidding procedures relating to the sale of the substantially all the assets of Alta Mesa Resources, Inc. on December 19, 2019. The Court approved the proposed auction and bidding procedures for the sale of its substantially all its assets. To qualify as a qualified bidder, all parties other than the AMH Agent or RBL Lenders should submit their bids by January 8, 2020 and AMH Agent and RBL Lenders by January 10, 2020. The initial minimum overbid should be in the amount of at least $2.50 million. If the debtor receives any qualified bids then it would hold an auction for its assets on January 15, 2020. At the auction, the subsequent bids would be in increments of $2.50 million. The sale hearing is scheduled for January 21, 2020.