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Tiger Group and Liquidity Services to Hold Online Oilfield Equipment Auction on July 30

Date: Jul 24, 2024 @ 07:00 AM
Filed Under: Auction News

Tiger Group and Liquidity Services are conducting the sale, which boasts more than 180 lots from two locations in Victoria, Texas, as part of a series of court-ordered auctions related to the bankruptcy of El Dorado Gas & Oil, Inc. (Bankruptcy Case No. 23-51715).
 
“Energy services firms have the opportunity to acquire any of more than 75 compressor skids by sought-after brands such as Ajax, Ariel and Gemini,” noted Chad Farrell, Managing Director, Tiger Commercial & Industrial. “We also anticipate strong buyer interest in available lots such as air-cooled heat exchangers by Air-X-Changer, multiple Kato generator sets, pumps, blowout preventers and a wide variety of downhole and fishing tools.”
 
Bidders can participate in the timed, online auction—with no Buyer’s Premium—which closes on July 30, here.
 
“Power tools, trailers, a Mack gin pole/winch truck and trailers by Taylor and Toyota are part of what make this sale a strong opportunity for companies outside of the energy services sector,” added Wayne Hecht, Senior Director of Operations at Tiger Commercial & Industrial.
 
Gulfport, Mississippi-based El Dorado filed for Chapter 11 this past December in the U.S. Bankruptcy Court for the Southern District of Mississippi. The company held a diverse array of equipment at 37 locations.
 
For asset photos, descriptions, and inspection or other information, click here.

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