#United States #Texas #Hilco Real Estate #Water Energy Services #Oilfield Properties

Hilco Real Estate Announces Oilfield Service Properties for Sale

Hilco Real Estate Sales has revealed the upcoming auction of a portfolio comprising 21 oilfield service properties strategically located throughout Texas, along with one in New Mexico. The deadline for qualified bids is set for June 12, 2025. This highly anticipated sale is part of the ongoing Chapter 11 bankruptcy proceedings for Water Energy Services, LLC, a company specializing in water and wastewater management which is currently restructuring its assets.

Overview of the Properties

The properties include a diverse mix of land parcels, saltwater disposal sites, and industrial buildings, many of which come with office space—a crucial element for potential buyers looking to establish or expand their operational footprint. The land sizes vary significantly, ranging from approximately 1.24 acres to over 70 acres, while the building sizes span from around 1,485 square feet to an expansive 18,000 square feet. Most of these sites are positioned in high-activity oil-producing areas such as the Permian Basin, Eagle Ford Shale, and Barnett Shale—key regions known for their contribution to the U.S. energy sector.

Jamie Cote, the Vice President at Hilco Real Estate, emphasized the unique opportunities presented by these properties:
"This is a fantastic opportunity for buyers to acquire strategic assets in high-demand markets that support the backbone of U.S. energy production. Whether you’re an operator looking to expand or an investor seeking long-term potential, these sites offer a strong foothold in the oilfield service space.”

Importance of the Texas Oilfield Service Sector

The oilfield service industry in Texas plays a vital role in the overall energy economy of the state. It provides essential support in areas such as drilling, well completion, water treatment, equipment manufacturing, and logistics. The sector generates billions of dollars in annual revenue and employs thousands, making these properties significant not only for prospective buyers but also for the energy landscape in the region. The interest in such properties underscores their potential for growth and profitability.

Jonathan Cuticelli, also a Vice President at Hilco Real Estate, pointed out the flexibility that this sale offers:
"Given the diversity of assets and their locations, this sale enables both scale and flexibility. We anticipate strong interest from regional operators as well as national buyers who have strategic visions for growth in the oilfield services market."

Sale Process and Participation Details

The sale is being conducted pursuant to the Order of the U.S. Bankruptcy Court for the Western District of Texas (San Antonio), under Petition No. 25-50539-MMP related to Water Energy Services, LLC. Bids must be submitted by the deadline of June 12 at 5 p.m. Central Time, using the Purchase and Sale Agreement available on Hilco Real Estate Sales' website.

For those interested in participating in the auction process, it is crucial to review the specific requirements outlined on Hilco's website. Additional information, including due diligence documents, can be accessed by reaching out directly to Hilco representatives: Jonathan Cuticelli at (203) 561-8737 and Jamie Cote at (847) 418-2187.

About Hilco Real Estate Sales

Hilco Real Estate Sales, a division of Hilco Global, specializes in optimizing real estate portfolios to bolster clients' financial positions. With extensive experience in complex transactions, Hilco is well-equipped to navigate the challenges of today’s market, ensuring successful outcomes for all stakeholders involved. Over the past 20+ years, the team at Hilco has successfully secured billions in value for clients, reinforcing their role as trusted advisors in the realm of real estate.

For comprehensive details on the properties and the sale process, potential bidders can visit HilcoRealEstateSales.com or contact the provided numbers for inquiries.

This sale represents an exciting opportunity for investors and operators alike, setting the stage for future growth in the ever-evolving landscape of the oilfield service industry.