Major Oil and Gas Partner to Sell Drilling Rigs on AllSurplus Marketplace
Liquidity Services (NASDAQ: LQDT) has been chosen by a major U.S. oil and gas exploration and production company to sell over 30 workover rigs and associated surplus assets in West Texas. The sale, featuring Cameron, Watson Corsair, Rig Works, and Franks rigs, is taking place through a sealed bid event on AllSurplus.com until September 12th, 2024, at 5:00 pm EDT.
This opportunity allows businesses in the oil and gas industry to acquire premium workover rigs at competitive prices. Buyers can bid on individual assets or the entire catalog. Liquidity Services' VP of business development, Darron Hanner, emphasized that their global market reach and competitive bidding platform will ensure these assets continue to operate, reducing new manufacturing needs and minimizing landfill waste.
Liquidity Services (NASDAQ: LQDT) è stata scelta da una grande compagnia americana di esplorazione e produzione di petrolio e gas per vendere oltre 30 impianti di lavoro e beni surplus associati nel West Texas. La vendita, che comprende impianti Cameron, Watson Corsair, Rig Works e Franks, avverrà tramite un evento di offerte sigillate su AllSurplus.com fino al 12 settembre 2024, alle 17:00 EDT.
Questa opportunità consente alle aziende nel settore del petrolio e del gas di acquisire impianti di lavoro di alta qualità a prezzi competitivi. Gli acquirenti possono fare offerte su singoli beni o sull'intero catalogo. Darron Hanner, vicepresidente dello sviluppo commerciale di Liquidity Services, ha sottolineato che la loro portata di mercato globale e la piattaforma di offerta competitiva garantiranno che questi beni continuino a operare, riducendo le necessità di nuova produzione e minimizzando i rifiuti in discarica.
Liquidity Services (NASDAQ: LQDT) ha sido elegida por una importante compañía estadounidense de exploración y producción de petróleo y gas para vender más de 30 plataformas de trabajo y activos excedentes asociados en Texas Occidental. La venta, que incluye plataformas Cameron, Watson Corsair, Rig Works y Franks, se llevará a cabo a través de un evento de pujas selladas en AllSurplus.com hasta el 12 de septiembre de 2024 a las 5:00 p.m. EDT.
Esta oportunidad permite a las empresas en la industria del petróleo y gas adquirir plataformas de trabajo de primera calidad a precios competitivos. Los compradores pueden pujar por activos individuales o por todo el catálogo. Darron Hanner, vicepresidente de desarrollo comercial de Liquidity Services, enfatizó que su alcance en el mercado global y su plataforma de pujas competitivas garantizarán que estos activos continúen en operación, reduciendo la necesidad de nueva fabricación y minimizando los desechos en vertederos.
Liquidity Services (NASDAQ: LQDT)는 미국의 주요 석유 및 가스 탐사 및 생산 회사에 의해 서부 텍사스에서 30개 이상의 작업 장비와 관련 잉여 자산을 판매하기 위해 선택되었습니다. 카메론, 왓슨 코르사르, 릭 웍스 및 프랭크 장비가 포함된 이번 판매는 AllSurplus.com에서 2024년 9월 12일 오후 5:00 EDT까지 봉인 입찰 이벤트를 통해 진행됩니다.
이 기회는 석유 및 가스 산업의 기업들이 경쟁력 있는 가격에 프리미엄 작업 장비를 획득할 수 있도록 합니다. 구매자는 개별 자산 또는 전체 카탈로그에 입찰할 수 있습니다. Liquidity Services의 사업 개발 부사장인 다론 해너는 그들의 글로벌 시장 접근성과 경쟁적인 입찰 플랫폼이 이러한 자산이 계속 운영될 수 있도록 보장할 것이라고 강조했습니다. 이는 새로운 제조 요구를 줄이고 매립지 폐기물을 최소화하는 데 기여할 것입니다.
Liquidity Services (NASDAQ: LQDT) a été choisie par une grande entreprise américaine d'exploration et de production de pétrole et de gaz pour vendre plus de 30 unités de travail et des actifs excédentaires associés au Texas Occidental. La vente, qui comprend des équipements Cameron, Watson Corsair, Rig Works et Franks, se déroule à travers un événement d'enchères scellées sur AllSurplus.com jusqu'au 12 septembre 2024 à 17h00 EDT.
Cette opportunité permet aux entreprises de l'industrie pétrolière et gazière d'acquérir des unités de travail de qualité supérieure à des prix compétitifs. Les acheteurs peuvent enchérir sur des actifs individuels ou sur l'ensemble du catalogue. Darron Hanner, vice-président du développement commercial chez Liquidity Services, a souligné que leur portée mondiale et leur plateforme d'enchères compétitives garantiront que ces actifs continuent d'opérer, réduisant ainsi les besoins de nouvelle fabrication et minimisant les déchets en décharge.
Liquidity Services (NASDAQ: LQDT) wurde von einem bedeutenden US-amerikanischen Unternehmen für Erdöl- und Erdgasexploration und -produktion ausgewählt, um über 30 Servicebohrgeräte und zugehörige überschüssige Vermögenswerte in Westtexas zu verkaufen. Der Verkauf, der Cameron-, Watson Corsair-, Rig Works- und Franks-Bohrgeräte umfasst, erfolgt über ein versiegeltes Bieterverfahren auf AllSurplus.com bis zum 12. September 2024 um 17:00 Uhr EDT.
Diese Gelegenheit ermöglicht es Unternehmen in der Öl- und Gasindustrie, erstklassige Servicebohrgeräte zu wettbewerbsfähigen Preisen zu erwerben. Käufer können auf einzelne Vermögenswerte oder den gesamten Katalog bieten. Darron Hanner, VP für Geschäftsentwicklung bei Liquidity Services, betonte, dass ihre globale Marktreichweite und die wettbewerbsfähige Bietplattform sicherstellen werden, dass diese Vermögenswerte weiterhin betrieben werden können, was den Bedarf an neuer Herstellung verringert und Abfall auf Deponien minimiert.
- Partnership with a major U.S. oil and gas company for asset liquidation
- Sale of over 30 high-value workover rigs and associated assets
- Potential for maximum recovery on client's investment through competitive bidding
- None.
Insights
This development showcases Liquidity Services' (NASDAQ: LQDT) strategic positioning in the circular economy sector. The company's selection by a major oil and gas player to handle this significant asset sale demonstrates its strong market presence and operational capabilities. While the immediate financial impact may be , this deal could potentially boost LQDT's revenue and enhance its reputation in the energy sector.
However, investors should note that the actual financial benefit will depend on the success of the auction and Liquidity Services' commission structure, which are not disclosed. The event's timing, concluding on September 12th, 2024, suggests that any material impact would likely be reflected in Q4 2024 financial results. This deal aligns with the growing trend of asset optimization and sustainability in the oil and gas industry, potentially opening doors for similar future opportunities for LQDT.
The sale of over 30 workover rigs by a major U.S. oil and gas company signals a significant shift in operational strategy. This move could indicate either a downsizing of operations, a transition to newer technologies, or a reallocation of resources to more profitable areas. The availability of premium brands like Cameron and Watson Corsair suggests these are high-quality assets, which could attract substantial interest from smaller operators or service companies looking to expand their capabilities cost-effectively.
From an industry perspective, this sale might reflect broader trends such as increased efficiency in drilling operations or a shift towards unconventional resources that require different equipment. The focus on West Texas assets aligns with the ongoing importance of the Permian Basin in U.S. oil production. This sale could potentially reshape the competitive landscape in the region, allowing smaller players to acquire top-tier equipment and potentially increase their market share.
This asset sale through Liquidity Services exemplifies a positive step towards circular economy principles in the oil and gas sector. By facilitating the resale of these workover rigs, the industry is extending the lifecycle of valuable equipment, thereby reducing the demand for new manufacturing and minimizing potential landfill waste. This approach aligns with growing ESG (Environmental, Social and Governance) considerations that investors increasingly prioritize.
The emphasis on asset reuse could potentially lower the carbon footprint associated with oil and gas operations, as it reduces the need for new equipment production. However, it's important to note that while this initiative promotes resource efficiency, it doesn't directly address the broader environmental challenges of fossil fuel extraction. Investors should view this as a positive but incremental step in the industry's sustainability journey, rather than a transformative change in environmental impact.
The sale features over 30 workover rigs located in West Texas
BETHESDA, Md., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, has been selected by one of the largest oil and gas exploration and production companies in the U.S. to sell more than 30 Cameron, Watson Corsair, Rig Works, and Franks workover rigs and associated surplus assets in West Texas. The rigs are available through a sealed bid event that runs until September 12th, 2024 at 5:00 pm EDT on AllSurplus.com, the leading online marketplace for surplus business assets.
“Liquidity Services’ extensive global market reach and competitive bidding platform will ensure these assets continue to operate, reducing the need for new manufacturing and minimizing landfill waste,” said Darron Hanner, vice president of business development at Liquidity Services. “Our client will benefit from our transparent processes and achieve maximum recovery on their investment.”
This sale presents a unique opportunity for businesses in the oil and gas industry to acquire premium workover rigs at competitive prices. Buyers can submit bids for individual assets or the entire catalog, and all bids will remain sealed until the event closes, after which they will be reviewed by the client.
To view and place a bid on the available equipment, please visit AllSurplus.com.
About AllSurplus
AllSurplus is the world’s leading online marketplace for surplus business assets, ranging from heavy equipment to transportation and industrial machinery. AllSurplus is the smartest, fastest way to sell inventory and equipment as sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. AllSurplus is powered by one of the most experienced and trusted companies in the surplus industry: Liquidity Services (NASDAQ:LQDT), which has supported millions of customers across the globe. AllSurplus buyers have direct access to all the surplus assets across Liquidity Services’ network of marketplaces in one centralized location.
Contact:
Liquidity Services, Inc.
Public Relations
publicrelations@liquidityservices.com
FAQ
What types of rigs are being sold by Liquidity Services (LQDT) in the West Texas sale?
When does the sealed bid event for the workover rigs on AllSurplus.com end?
How many workover rigs is Liquidity Services (LQDT) selling in the West Texas event?
Can buyers bid on individual assets in the Liquidity Services (LQDT) workover rig sale?
