Tiger Liquidity Services will conduct an online court-ordered auction on for assets formerly owned by Enseco Services Energy, a Calgary, Canada-headquartered well-production testing company.
The auction is the first project for the recently formed partnership between New York-based Tiger Capital Group and Washington, D.C.-based Liquidity Services. The partnership was created to help insolvency and turnaround professionals ramp up their services to the turbulent oil and gas market, and to directly assist companies seeking to sell surplus assets.
The sale will include horizontal drilling and measurement-while-drilling (MWD) equipment and state-of-the-art laboratory equipment, rolling stock, parts and portable offices from Enseco’s Wyoming and North Dakota locations.
“Well-production test and flowback test companies, MWD and directional-drilling companies, as well as energy services companies will be interested in the assets up for bid,” said Jeff Tanenbaum, president of Tiger Group’s Remarketing Services Division.
Enseco Services Energy filed for Chapter 15 bankruptcy on October 23, 2015 in the Colorado Bankruptcy Court.