Last week at our Kruse Energy auction in Odessa, TX, we set a new company record selling this Loadcraft 2000HP SCR drilling rig for a staggering US$5.5 million, making it the most expensive rig we’ve ever sold as a company.
The end of the third quarter is here; now is the time to assess what's left in your 2016 budget and determine your fleet's health and well-being. Are there units you've needed to purchase that have languished in the "hold" column until now? Funds left in your 2016 capital budget (that is about to disappear), can help you spruce up your fleet heading into 2017.
IronPlanet's two-day end-of-quarter sale beginning Thursday, September 29 will cross marketplaces: government surplus including military trucks, oilfield equipment, excavators, skid loaders, compactors, tools, attachments, and more. Check out the 420 backhoes and vibratory drum compactors from the Quinn fleet; well-cared-for Freightliner Cascadia 125 T/A Conventional trucks from Walmart, or this 2013 Kenworth T800 T/A Conventional Day Cab.
Go BIG for two days - you can do it! This huge auction has over 3,000 items that are inspected, online, and available now to preview.
We're telling you this because we care. At some point this weekend, you're going to walk into a store and see holiday stuff, and we don't mean Halloween pumpkins, because that would be OK. No, you're going to see pine trees and little sweet reindeer and lots of ornaments. We know - you haven't even unpacked your camping gear from Labor Day yet, and you're faced with holiday stuff. It's wrong in so many ways.
IronPlanet feels your pain. Here's an idea: cheer yourself up by checking out the used heavy equipment in IronPlanet's Deal of the Day event, happening Monday, September 26 through Friday, September 30. After that, take a look at the 3,000 plus items in the cross-marketplace, two-day end-of-quater sale beginning Thursday, September 29.
If you want to lower the bottom line of your oilfield business, take a look at the upcoming Kruse Energy auction in Odessa, TX on September 28. You'll find good values on oil field trucks, pumping units, trailers, tools, and more items that will lower the cost of your operation while still giving you excellent service and productivity.
Quality oilfield transportation equipment from Fowler and Darby Equipment Company will be available during IronPlanet's two-day auction on September 15 and 16. In a unique twist on auction bidding, on September 12 through 14 items will be available to preview on-site at 3419 W. Pinecrest Drive in Marshall, TX and 1705 East Highway 350 in Marshall TX. On September 15 and 16, kiosks equipped with computers will be onsite to take bids from purchasers. The online auction will also be open.
Fowler's and Darby Equipment Company's massive selection of oilfield transportation equipment will be sold: crawler cranes, oil field tractor and gin pole trucks, winch trucks, vans, wheel loaders, tools, and more. Interested buyers can bid in person at the preview site, online in real time, or by PriorityBid.
Is there any way to go in Texas other than BIG?
In a creative twist on auctioning heavy machinery, IronPlanet and Fowler Transportation are teaming up for a two-day auction, with live previews in Marshall and Big Springs, TX, then online bidding September 15 and 16. This auction is a complete dispersal sale from Fowler Transportation, Ltd., a leader in rig mobilization and heavy oilfield hauling services to the oil and gas industry in Texas, Louisiana, Oklahoma, and New Mexico.
The sale includes over 600 items from Chevrolet, International, John Deere, Kenworth, Kobelco, Mack, Peterbilt, Volvo, Western Star and more, and includes oilfield equipment: cranes, pickup trucks, winch trucks and trailers, not to mention thousands of attachments, parts, and tools.
Bidding can be done on-site via computer kiosks during the preview (for PriorityBids,) and on auction dates for real-time bidding.
Sue McGregor, Managing Director of Canada, IronPlanet, recently published an article in the June 20, 2016 issue of Equipment Journal, sharing her tips for building a resiliant oil and gas fleet in a down market.
Last month, the Canadian Association of Petroleum Producers (CAPP) painted a grim picture, stating that capital spending in the oil patch would plunge $50 billion, a 62% decline since 2014. It’s the largest two-year drop since 1947 when CAPP started keeping records. Encouraging, though, oil prices have inched their way back from a 12-year mid-February low. As equipment owners continue to grapple with the uncertainty, they look for every way to reduce costs, increase efficiencies and manage through the gloom. Some focus on reducing debt by selling off underutilized equipment. Others take the bold step of refreshing their fleets while some owners are making the tough decision to retire and end their business. Any way you look at it there are hard decisions to make in these trying times. As you look to achieve greater resiliency in a down market and prepare for the recovery, here are eight things to consider before you make major changes.
Coming up next Wednesday, June 1, 2016, a huge onsite Kruse Energy and Equipment Auction, hosted in Loveland, Colorado. This auction will feature a complete liquidation of Faith Drilling, Inc. Look for 7 complete drilling rigs, drill pipe/collars, cementing pumps and bulk trailers, oilfield trucks and trailers, cranes and more. Click HERE for directions and details.
Find these exciting items for sale:
Rig #5: IDECO H-30 S/D Drawworks w/DETROIT 6-71 Eng S/D Drawworks w/DETROIT 6-71 Eng • Shopbuilt 96’H 180,000# SHL Telescoping Mast • 9’H T-Type Substructure • MARATHON 125KW Generator p/b PERKINS Diesel Eng • EMSCO D-300 Duplex Pump p/b DETROIT 6-71 Eng • EMSCO NB30 100-Ton Block w/BJ 60-Ton Hook • HACKER 16” Rotary Table • 240-Bbl Water Tank • Doghouse • 7-1/16” 3000# Type 84 Annular BOP • KOOMEY Type 80 Closing Unit
Coming up next week on May 11-12, 2016. A huge two-day onsite Kruse Energy and Equipment Auction, hosted in Odessa,Texas. Look for a great selection of drilling rigs, well service rigs, frac pumps, drilling components, vacuum trucks, vacuum/kill trailers, heavy haul trucks/trailers and construction equipment! Bid online or onsite. Click HERE for directions and details. Registration begins Thursday, May 5, 2016 at Kruse Energy’s Odessa Yard.
Frac Equipment Drives Kruse’s One-Day Record
ODESSA,TX. – March 23, 2016 – Kruse EnergySM, an IronPlanet® marketplace, today announced a one-day record at its Midland, Texas, auction that drove the company’s gross merchandise volume (GMV) sold to surpass $1.0 billion since mid-2005, when the company was formed. The first day of the auction, February 17, was a one-day company record, selling more than $25.8 million primarily in frac equipment. Major frac companies were among the many buyers driving strong demand.