As companies adapt and innovate, remaining competitive and having the ability to generate immediate capital is critical.
Liquidity Services understands the unique needs of the energy supply chain. With our strategic approach and best-in-class marketing intelligence, we manage, value, and sell your unused or outdated energy equipment for maximum value.
Questions about keeping or disposing of your surplus equipment?
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Our high-impact strategic partnerships supercharge our sellers' surplus asset programs by simplifying operations, mitigating risks, increasing velocity, and enhancing sustainability efforts to maximize recovery.
Our client is one of the world’s largest oilfield services companies with operations in more than 80 countries. Like all energy companies, it faces the challenge of managing surplus assets, from shop equipment to pressure pumping trailers. Before partnering with Liquidity Services, the client sold its surplus assets through a traditional onsite auction method, which required shipment to an auction site and limited the client to only “absolute” and “no reserve” auctions.
This was not an ideal approach for the client. In some situations, it would have preferred a reserve option – in which bids must reach a minimum value – to protect assets from selling for low recovery. Some higher value assets – such as trucks still in excellent condition – could have generated higher recovery through a retail option. In addition, the client was hesitant to sell specialized equipment through the no-reserve model due to competitive sensitivities. In some cases, the client also needed the option to move assets offsite.
Our client is a multinational energy corporation with operations in more than 180 countries. The company is involved in virtually every aspect of the energy industry, from oil & gas exploration and production to power generation. To improve efficiencies and generate capital to fuel its core business, the company sought an expert partner to manage and sell its wide range of surplus assets including drilling equipment, oil rigs, and office furniture. The client needed a partner with the global reach, energy industry experience, and asset management best practices to effectively handle its surplus.
For nearly 15 years, Liquidity Services has partnered with the client to maximize value for its surplus assets. With nearly 3 million buyers of surplus worldwide, operations in more than 50 countries, over $1 billion in total energy sales, and a dedicated marketplace for energy surplus, we provide the scale and expertise our client desires.