Tiger Liquidity Services Energy Partners to conduct online auction
for equipment located in Oklahoma, Pennsylvania, and Texas no longer
needed by Aly Energy Services, Inc.
HOUSTON–(BUSINESS WIRE)–Dec. 6, 2016–
Tiger Liquidity Services Energy Partners (TLSEP), a strategic alliance
between Tiger Group and Liquidity Services, Inc., will conduct an online
auction on December 13 for assets that are no longer needed for the
continuing operations of Aly Energy Services, Inc., a Houston-based
oilfield manufacturing, rental and services company. The assets, which
support oil and gas exploration, are located in strategic basins in
Odessa/San Angelo, TX; Oklahoma City, OK; and Montrose and Mount Morris,
The sale is the latest project for the alliance between Tiger
Group and Liquidity
Services (NASDAQ: LQDT), which was formed in January 2016 to help
insolvency and turnaround professionals ramp up their services to the
turbulent oil and gas market, and to directly assist companies seeking
to sell surplus assets.
Available assets include operational and idle measurement-while-drilling
(MWD) equipment, directional and solids control equipment, and a variety
of surface equipment that includes tanks, centrifuges, transfer pumps
Online bidding for the assets, which are available for a negotiated sale
to qualified companies prior to the auction, will commence December 7 at www.networkintl.com,
Liquidity Services’ marketplace for idle and used energy equipment in
the oil and gas industry, and www.SoldTiger.com.
The auction will close in rapid succession, live auction style, on
December 13. Previews of the assets will be held by appointment only at
the equipment locations.
“Energy service companies that provide solids control, MWD and surface
rental equipment will be interested in the assets up for bid,” said Jeff
Tanenbaum, president of Tiger Group’s Commercial & Industrial Division.
“A fleet of 400 and 500-barrel mud circulating tanks, mud mix plants,
centrifuges and pumps – as well as complete MWD kits – would benefit a
company preparing for the upturn in activity.”
“This auction offers companies the opportunity to acquire and
consolidate a range of both equipment and components that are necessary
to service operators in the field,” added Brooks Graul, vice president
of business development for Liquidity Services. “Service companies will
see value in adding core assets to their fleet in the basins that are
Directional drilling assets up for bid include five MWD kits from Tolteq
with pulser, directional and gamma modules, and surface monitoring
systems. The kits, which are located in Houston, recently underwent
maintenance to make them field-ready. Repair shop and office equipment
are also available in Houston, making this a turnkey sale opportunity.
Solids control equipment for sale includes United Oilfield SS800,
SS1000, and SS2000 drilling centrifuges with rotating assemblies.
Available surface rental equipment includes mud plants, 500Bbl and
400Bbl mud circulating tanks, centrifugal mud pumps, transfer pumps, mud
and flare crossovers, and more.
For a full catalog of the items offered, go to: www.SoldTiger.com.
To learn more about the assets and the bidding process, register at www.networkintl.com.
Offers, inquiries or inspection requests can be submitted by email to
Brooks Graul at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20161206005808/en/
Source: Tiger Liquidity Services Energy Partners (TLSEP)
Remarketing Services Division
Jeff Tanenbaum, president
& Associates Public Relations
Bill Parness, 732-290-0121
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