Loadcraft 2000HP SCR drilling rig becomes most
expensive rig the company has ever sold
ODESSA, TX, Oct. 10, 2018 /PRNewswire/ - Kruse Energy
Auctioneers, a Ritchie Bros.
solution focusing on energy equipment-related auctions, recently
sold a Loadcraft 2000HP SCR drilling rig at its event in
Odessa, TX for US$5.5 million, making it the most expensive
drilling rig the company has ever sold. The high bidder for the rig
was Scandrill Inc., an onshore drilling contractor operating in the
Permian Basin, Louisiana, and
Texas. Scandrill Inc. currently
has 15 rigs in operation.
"This is the most expensive single item we've ever purchased by
auction; and we've been in business for 41 years," said
Paul M. Mosvold, President and COO
of Scandrill. "It definitely makes your palms sweaty when you're
making bids that high."
"The 2008 built DSI/Loadcraft rig was an opportunistic
purchase—we haven't decided exactly where and who it will be
drilling for, but likely it will be put to work for our
Texas operation," continued Mr.
Mosvold. "The rig has 'good bones' and will eventually be
upgraded to become our 3rd Super Spec Shales Rig or as
we call our rigs, Norseman II series."
Close to 1,300 equipment items were sold in the Kruse Energy
auction in Odessa on September 27, 2018, including coiled tubing, frac
and cement equipment, well service rigs, pumps, drill pipe, truck,
trailers and more. Other sales highlights included a 2013 MAD T/A
cement pump trailer and an acid frac pump trailer that sold for
US$225,000 each; two FORUM 2250
hydraulic pipe handlers that sold for US$135,000 each; and a 2006 Peterbilt 378
tri-axle truck tractor sold for US$50,000.
"On top of the record-breaking drilling rig, we saw strong
pricing for most of the equipment in our September Kruse auction, including a large
dispersal of 221 items for B.J. Services," said Jeff Jeter, President of U.S. Sales,
Ritchie Bros. "There's some real
positive momentum in the market right now for energy equipment, as
witnessed in the Kruse event and other recent Ritchie Bros. auctions. We are already accepting
consignments for our next Kruse auction in Oklahoma City on October 31 – November
1 and Odessa, TX on
December 5 – 6."
For more information about upcoming Kruse Energy events, 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; Marketplace-E, 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/ritchie-bros-sells-us5-5-million-drill-rig-in-texas-300728832.html
SOURCE Ritchie Bros.
Auctioneers