#United States #Auction #El Dorado #Tiger Group #Alice, Texas

El Dorado Gas & Oil's Auction: A Massive Opportunity for Buyers

In an exciting development for energy and drilling sectors, Tiger Group and Liquidity Services are organizing an online auction featuring the entire frac and drilling fleet of El Dorado Gas & Oil, Inc. This auction is sanctioned by a bankruptcy court and is set to take place over two days, December 10-11, 2024. The auction offers a vast selection of assets, including frac pumps, a variety of trucks, and essential oilfield equipment stored at El Dorado's former site in Alice, Texas.

The auction kicks off with bidding opening on December 3, 2024, at 10 a.m. (CT), with Day One lots starting to close on December 10 at the same time. This event is particularly noteworthy as it showcases what Tiger Group describes as the largest sale to date in a sequence of auctions associated with El Dorado.

What’s on Offer?

Buyers can expect an impressive lineup of equipment available from El Dorado's substantial fleet. The auction list includes:

• - 23 Peterbilt and Kenworth Truck Tractors: Reliable and robust vehicles perfect for various transport and drilling tasks.
• - 37 Trailers: Essential for transporting equipment or materials across job sites.
• - 29 Fluid Ends: Critical components for keeping frac pumps running efficiently.
• - Drilling Rigs and Equipment: Includes essential drilling tools such as subs, valves, elevators, and more.
• - Cranes and Lifts: Necessary for moving heavy machinery and large components throughout the working area.
• - Vacuum Trailers and Oilfield Floats: Specialized assets catering to unique oilfield operations.

With no buyer's premium required, the potential for buyers to secure quality assets at reasonable prices makes this auction particularly enticing, as outlined by Chad Farrell, Managing Director of Tiger Commercial & Industrial. This sale not only serves energy companies but also appeals to truckers, fleet owners, and any businesses in need of general tools and equipment.

Auction Details

Day One on December 10, 2024:

• - Closing bids on various trailers, rigs, and drilling tools start at 10 a.m. (CT).
• - Included assets reflect the robust inventory of El Dorado Gas & Oil, ensuring that bidders have ample opportunity to acquire multiple items tailored to their needs or projects.

Day Two on December 11, 2024:

• - High-profile items including frac pump trailers equipped with Gardner Denver and SPM pumps are up for grabs.
• - Additional assets like tanker trailers and frac sand hoppers by Amber Waves, Inc., provide diverse bidding opportunities.

The majority of these assets are being sold from El Dorado's extensive inventory spread across 37 locations in the U.S., primarily in Texas and Mississippi, and other states such as Alabama and Louisiana.

Background on El Dorado Gas & Oil, Inc.

El Dorado Gas & Oil, Inc. recently filed for Chapter 11 bankruptcy (Case No. 23-51715-JAW) and is now undergoing a structured liquidation process. The assets being auctioned are a testament to the company's vast operational history in the energy sector. Tiger Group, established over 40 years ago, and Liquidity Services, the world's largest B2B e-commerce marketplace for surplus assets, have teamed up for this unique sale.

For those looking to explore the auction’s offerings further, images and specifics about each lot can be found at SoldTiger.com. This auction represents a significant opportunity for bidders keen on securing quality equipment in the oil and gas industry. Don’t miss the opportunity to participate in what is set to be a remarkable event in the sector!