US$25+ million of equipment was sold in the
Nov. 15 – 16 auction, incl. 180+
items for BJ Services
ODESSA, TX, Nov. 20, 2017 /CNW/ - Kruse Energy Auctioneers, a
Ritchie Bros. solution, conducted its largest auction of the year
last week, selling more than 1,500 equipment items and trucks for
US$25+ million in Odessa, TX.
The two-day auction (November 15 –
16, 2017) attracted bidders from 14 countries, including
Thailand, Egypt, the
Philippines and the Ukraine. Online bidders purchased
approximately 30 percent of the equipment in the auction.
More than 180 items in the auction were sold for BJ Services,
North America's largest pure-play
pressure pumping services company. Increasing focus on its
hydraulic fracturing and cementing service, BJ Services recently
decided to close its U.S. coil tubing division, choosing to sell
all its coil tubing assets with Kruse Energy.
"This auction really showcased the power of the combined Ritchie
Bros. company," said Greg Owens,
Group President (New Sectors & Ventures), Ritchie Bros. "By
working together, we were able to leverage the energy sector
expertise and reputation of Kruse, the innovative online solutions
of IronPlanet, and the marketing prowess and strong customer
relationships of Ritchie Bros. to provide strong results for
sellers."
David Long, President of Kruse
Energy Auctioneers, added, "We attracted hundreds of new bidders
for this auction, participating both onsite and online, helping us
achieve stronger equipment pricing and ultimately, record-breaking
results."
Equipment highlights in the auction included 24 drilling rigs,
15 coiled tubing units, 15 double pumpers, 35 nitrogen pump units,
six boom truck cranes, 120+ trucks, as well as gas compressors,
water and well service equipment, vacuum trucks and trailers, and
more.
"BJ Services is very pleased with the results from last week's
auction," said Warren Zemlak,
President & CEO of BJ Services. "The Ritchie Bros./Kruse team
was very supportive and informative from the point of consignment
up to the point of sale, ensuring we were aware of the marketing
efforts to make this a success."
Kruse Energy's next auctions will be held in Oklahoma City, OK on December 6 – 7 and Montgomery, TX on December 14. For more information, visit
KruseEnergy.com.
About Kruse Energy Auctioneers:
Kruse Energy
Auctioneers is a Ritchie Bros. solution, focusing on energy
equipment-related auctions. As a full-service travelling auction
company, it brings its services to the assets to help sellers avoid
transportation costs. Throughout its over 25-year history the
company has conducted auctions across the
United States and 31 other countries. Kruse Energy maintains
offices in Texas and Oklahoma and conducts approximately 30
auctions each year. For more information, visit KruseEnergy.com
About Ritchie Bros.:
Established in 1958, Ritchie
Bros. (NYSE and TSX: RBA) is a global asset management and
disposition company, offering customers end-to-end solutions for
buying and selling used heavy equipment, trucks and other assets.
Operating in a multitude of sectors, including construction,
transportation, agriculture, energy, oil and gas, mining, and
forestry, the company's selling channels include: Ritchie
Bros. Auctioneers, the world's largest industrial auctioneer
offers live auction events with online bidding; IronPlanet, an
online marketplace with featured weekly auctions and providing its
exclusive IronClad Assurance® equipment condition
certification; Marketplacee, an online
marketplace offering multiple price and timing options;
Mascus, a leading European online equipment listing service;
and Ritchie Bros. Private Treaty, offering privately negotiated
sales. The company also offers sector-specific solutions including
GovPlanet, TruckPlanet, Kruse Energy Auctioneers, and
Cat® auctions, plus equipment financing and leasing
through Ritchie Bros. Financial Services. For more information
about the unprecedented choice provided by Ritchie Bros., visit
RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
SOURCE Ritchie Bros. Auctioneers