Online Auction Offers Final Opportunity to Buy Assets of Well Testing and Petroleum Production

Tiger Group is offering well production, test and other equipment in Calif., Texas, La. and Pa. owned by PPS Operators; bidding closes June 15th

News provided by

Tiger Group

Jun 06, 2017, 08:58 ET

BAKERSFIELD, Calif., June 6, 2017 /PRNewswire/ -- A major auction by Tiger Group, in coordination with Network International, will offer the final opportunity to purchase remaining well production and testing equipment of PPS Operators. Online bidding for the assets will commence June 8 at www.SoldTiger.com and will close in rapid succession, live auction style on June 15, beginning at 10:30 a.m. (CT).

The equipment is located in strategic basins in Bakersfield, Calif.; Amity, Pa.; Lafayette, La.; and Houston and Odessa, Texas. Previews of the assets will be held on June 14, from 8:00 a.m. to 3:00 p.m. in the respective time-zones at the five locations: 7401 Rosedale Highway, Bakersfield, Calif.; 195 Hatfield Rd., Amity, Pa.; 4710 Cameron St., Lafayette, La.; and in Texas at 2212 Dwyer Rd., Houston, and 1801 E. Pearl St., Odessa.

Well production, test and measurement equipment available for sale include more than 110 pressure vessels and separators, many mounted on skids or trailers; five flowback tanks; a trailer-mounted portable production test laboratory; 11 line heaters, up to 1.5m BTU; and much more. A large quantity of temperature recorders, pin pressure recorders, manifold chokes, meters and other items are also available to support field fit-up of equipment.

Rolling stock, some as new as 2012, for sale includes 1/4, 1/2 and 1-ton gas and diesel pickup trucks and service vehicles manufactured by Ford, Chevrolet and Dodge. Equipment trailers, cargo and other trailers are also available.

Support equipment up for sale includes a Nissan G9-43A telescopic forklift; a 350-psig refrigeration skid with electric motor; as well as generators, electrical equipment, pressure washing systems, and much more.

"This event offers tremendous opportunities for well production and testing companies, including those who've traditionally rented equipment," said Jeff Tanenbaum, President of Tiger Group's Commercial & Industrial division. "Bidders can greatly expand their production and testing capacity by purchasing well-maintained equipment at a percentage of the original price during this timely auction."

For a full catalog of the items offered, go to: www.SoldTiger.com or www.NetworkIntl.com,. To learn more about the assets and the bidding process, register at www.SoldTiger.com. Offers, inquiries or inspection requests can be submitted by email to [email protected]

Media Contacts: At Tiger Commercial & Industrial division, Jeff Tanenbaum, president, (805) 497-4999, [email protected]; at Parness & Associates Public Relations, Bill Parness, [email protected], (732) 290-0121 or Mobile: (732) 673-6852.

SOURCE Tiger Group