Online Marketplace AllSurplus Partners with Tiger Group to Sell Energy Equipment Assets for El Dorado Gas and Oil
Liquidity Services (NASDAQ: LQDT) has partnered with Tiger Group to sell over 300 energy equipment assets from El Dorado Gas & Oil's bankruptcy liquidation. The online auction, running until August 13, 2024, features high-value items like frac pumps, trucks, and trailers located in Texas. Available on AllSurplus.com, the sale offers oilfield and well services companies a chance to enhance their fleets with no buyer's premium.
Nick Taylor, Liquidity Services' senior VP, highlighted the auction's strong value proposition due to the bankruptcy liquidation and the high utility of the wide array of equipment. Key items include a SPN Trailer Mounted Pump, a 2018 Bar H Welding Sand Separator Trailer, and a 2017 Wier SPM Frac Pump Trailer.
Liquidity Services (NASDAQ: LQDT) ha collaborato con Tiger Group per vendere oltre 300 attrezzature energetiche provenienti dalla liquidazione fallimentare di El Dorado Gas & Oil. L'asta online, che si svolgerà fino al 13 agosto 2024, presenta articoli di alto valore come pompe per fratturazione, camion e rimorchi situati in Texas. Disponibile su AllSurplus.com, la vendita offre alle aziende di servizi per il settore petrolifero e dei pozzi l'opportunità di migliorare le loro flotte senza alcun costo per il compratore.
Nick Taylor, vicepresidente senior di Liquidity Services, ha messo in evidenza il forte valore dell'asta grazie alla liquidazione fallimentare e all'alta utilità della vasta gamma di attrezzature. Tra gli articoli principali vi sono una pompa montata su rimorchio SPN, un rimorchio separatore di sabbia Bar H Welding del 2018 e un rimorchio pompa frac Wier SPM del 2017.
Liquidity Services (NASDAQ: LQDT) se ha asociado con Tiger Group para vender más de 300 activos de equipos energéticos de la liquidación por quiebra de El Dorado Gas & Oil. La subasta en línea, que se lleva a cabo hasta el 13 de agosto de 2024, presenta artículos de alto valor como bombas de fracturación, camiones y remolques ubicados en Texas. Disponible en AllSurplus.com, la venta ofrece a las empresas de servicios en el sector del petróleo y los pozos la oportunidad de mejorar sus flotas sin comisiones para el comprador.
Nick Taylor, vicepresidente senior de Liquidity Services, destacó la fuerte propuesta de valor de la subasta debido a la liquidación por quiebra y la alta utilidad de la amplia gama de equipos. Los artículos clave incluyen una bomba montada en remolque SPN, un remolque separador de arena Bar H Welding de 2018 y un remolque de bomba frac Wier SPM de 2017.
Liquidity Services (NASDAQ: LQDT)가 Tiger Group과 협력하여 El Dorado Gas & Oil의 파산 청산에서 300개 이상의 에너지 장비 자산을 판매합니다. 2024년 8월 13일까지 진행되는 온라인 경매에서는 텍사스에 위치한 고가치 아이템인 프랙 펌프, 트럭, 트레일러 등을 소개합니다. AllSurplus.com에서 제공되는 이번 판매는 석유 및 우물 서비스 회사들이 구매자 수수료 없이 플릿을 강화할 수 있는 기회를 제공합니다.
Liquidity Services의 수석 부사장인 Nick Taylor는 파산 청산으로 인한 경매의 강력한 가치 제안을 강조하며 다양한 장비의 높은 유용성을 언급했습니다. 주요 품목으로는 SPN 트레일러 장착 펌프, 2018년 Bar H Welding 모래 분리기 트레일러, 2017년 Wier SPM 프랙 펌프 트레일러가 포함됩니다.
Liquidity Services (NASDAQ: LQDT) s'est associé au Tiger Group pour vendre plus de 300 biens d'équipement énergétique issus de la liquidation judiciaire d'El Dorado Gas & Oil. L'enchère en ligne, qui se déroule jusqu'au 13 août 2024, propose des articles de grande valeur tels que des pompes de fracturation, des camions et des remorques situés au Texas. Disponibles sur AllSurplus.com, la vente offre aux entreprises de services pétroliers et de puits l'opportunité d'améliorer leurs flottes sans frais pour l'acheteur.
Nick Taylor, vice-président sénior de Liquidity Services, a souligné la forte proposition de valeur de l'enchère en raison de la liquidation judiciaire et de la grande utilité de l'éventail d'équipements. Les articles clés incluent une pompe montée sur remorque SPN, une remorque séparateur de sable Bar H Welding de 2018, et une remorque de pompe frac Wier SPM de 2017.
Liquidity Services (NASDAQ: LQDT) hat sich mit der Tiger Group zusammengeschlossen, um über 300 Energiesysteme aus der Insolvenzmasse von El Dorado Gas & Oil zu verkaufen. Die Online-Auktion, die bis zum 13. August 2024 läuft, bietet wertvolle Artikel wie Frac-Pumpen, Lastwagen und Anhänger, die sich in Texas befinden. Diese Auktion, die auf AllSurplus.com verfügbar ist, bietet Unternehmen im Bereich Öl- und Brunnenservice die Gelegenheit, ihre Flotten ohne Käufergebühren zu erweitern.
Nick Taylor, Senior VP von Liquidity Services, hob das starke Wertangebot der Auktion hervor, das sich aus der Insolvenz und der hohen Nützlichkeit des breiten Spektrums an Geräten ergibt. Zu den Hauptartikeln gehören eine SPN-Anhängerpumpe, ein 2018er Bar H Welding Sandseparator-Anhänger und ein 2017er Wier SPM Frac Pumpen-Anhänger.
- Partnership with Tiger Group expands LQDT's reach in energy asset liquidation
- No buyer's premium on auction items, potentially attracting more bidders
- High-value energy assets available, including recent models (2017-2018)
- None.
The bankruptcy liquidation of El Dorado Gas & Oil presents a significant market opportunity for companies in the energy sector. With over 300 high-value assets available, including frac pumps, trucks and specialized equipment, this auction could lead to substantial cost savings for buyers in a capital-intensive industry. The partnership between Liquidity Services (NASDAQ: LQDT) and Tiger Group adds credibility to the sale.
For Liquidity Services, this deal could potentially boost its Q3 2024 revenues. However, the impact on LQDT's stock may be , as such auctions are part of their regular business model. Investors should monitor the auction's success and any subsequent guidance updates from LQDT management to gauge the financial impact.
This auction reflects ongoing consolidation and restructuring in the U.S. energy sector, particularly in oilfield services. El Dorado's bankruptcy highlights the challenges faced by smaller players in a volatile market. However, the availability of these assets presents an opportunity for well-capitalized firms to expand their operations at potentially discounted rates.
The wide array of equipment on offer, including specialized items like sand separators and frac pump trailers, suggests a potential uptick in fracking activities. Investors should watch for increased M&A activity or equipment purchases by larger oilfield service companies, which could indicate confidence in future drilling and fracking operations.
More than 300 lots of frac pumps, trucks, tanker trailers, sand kings, and more are available until August 13
BETHESDA, Md., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, has partnered with Tiger Group, a major asset valuation, advisory and disposition services provider, to sell energy equipment and related assets on behalf of national energy services firm El Dorado Gas & Oil, Inc as part of a series of court-ordered online auctions related to the organization’s bankruptcy (Bankruptcy Case No. 23-51715). More than 300 energy assets based in Alice, Texas and Tilden, Texas are currently available until August 13, 2024 on AllSurplus.com.
"This online auction represents a strong opportunity for oilfield and well services companies to enhance their oilfield pumping, fracking, and tractor fleets," said Nick Taylor, Liquidity Services senior vice president and managing director, Capital Assets Group. "In addition to the strong value inherent to a bankruptcy liquidation, the equipment in this sale has high utility, given the wide array of oilfield equipment available in this auction."
The auction contains a mix of high-value energy assets including a SPN Trailer Mounted Pump, a 2018 Bar H Welding Sand Separator Trailer, a 2017 Wier SPM Frac Pump Trailer, and more.
To view and bid on the available equipment, which have no buyer’s premium, visit AllSurplus.com. For more about Tiger Group, visit TigerGroup.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.
About Tiger Group
Tiger Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and provide capital or convert assets to capital quickly and decisively. Tiger maintains offices in New York, Los Angeles, Boston, Chicago, Houston and Toronto.
Contact:
Liquidity Services, Inc.
Public Relations
publicrelations@liquidityservices.com
FAQ
When does the Liquidity Services (LQDT) auction for El Dorado Gas & Oil assets end?
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