Auction of High-Value Energy Equipment Assets
Liquidity Services (NASDAQ: LQDT), an esteemed global commerce enterprise driving the circular economy, in partnership with Tiger Group, a renowned provider of asset valuation and disposition services, is conducting a significant auction. This auction marks the fifth event in a series of court-mandated auctions associated with the bankruptcy of El Dorado Gas & Oil. A wide variety of over 230 energy assets located in Texas are accessible for bidding.
Details of the Auction
The auction will run until August 28, providing operators and equipment dealers a prime opportunity to acquire essential oil and gas equipment at unprecedented prices. Trey Valentino, an account executive at Liquidity Services, highlighted that the liquidation process commenced in mid-July, enabling buyers to purchase a vast range of equipment significantly below retail prices. The inventory available includes drilling rigs, fracking equipment, gas processing apparatuses, and various specialized machinery.
High-Value Energy Assets
The auction features a diverse array of assets pivotal to the energy sector. Noteworthy items include the Siebert Heavy Haul Trailer, Frac Pump Skid, and a 2011 Hydra Rig Coiled Tubing Trailer, among others. This auction showcases high-value equipment crucial for operators seeking to enhance their operational capabilities.
Bidding and Inspection
Interested participants can view and place bids on the listed equipment, with the added benefit of no buyer’s premium deterring extra costs. For those preferring an in-person assessment, arrangements can be made for site inspections, ensuring bidders can evaluate the equipment firsthand before commitment.
About AllSurplus
AllSurplus operates as a premier online marketplace specializing in surplus business assets, offering a vast selection that includes heavy machinery, transportation vehicles, and industrial equipment. This innovative platform, backed by Liquidity Services, enables sellers to manage listings efficiently, ensuring streamlined processes and competitive fees, far superior to traditional auction methods. Buyers on AllSurplus gain centralized access to surplus assets from Liquidity Services' expansive network, optimizing procurement efforts.
About Tiger Group
Tiger Group excels in providing comprehensive asset valuation, advisory, and disposition solutions across various sectors such as retail, wholesale, and industrial industries. Equipped with over 40 years of expertise and extensive financial resources, Tiger Group presents a unique blend of operational flexibility and proficiency. Their team of experts assists clients in uncovering the real value of their assets and swiftly converting them into capital while effectively managing asset-related risks.
Contact Information
For further inquiries, please connect with:
Liquidity Services, Inc.
Public Relations
Email: publicrelations@liquidityservices.com
Frequently Asked Questions
What is the auction about?
The auction is a series of court-ordered events for the sale of assets from the bankruptcy of El Dorado Gas & Oil, featuring over 230 items for bid.
How can I participate in the auction?
You can view and bid on the equipment available on the AllSurplus platform before the auction closes.
What types of equipment are available in this auction?
Available equipment includes drilling rigs, fracking equipment, compressors, and other essential machinery relevant to the oil and gas industry.
Is there a buyer's premium for this auction?
No, this auction does not impose a buyer's premium, making it a favorable situation for bidders.
Who is managing the auction?
The auction is managed by Liquidity Services in collaboration with Tiger Group, both experienced entities in asset liquidation and valuation processes.
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