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Last updated on April 23, 2014 at 21:24 EDT

Kruse has record year with Banks, Trustees and Energy Companies

January 15, 2013

ODESSA, Texas, Jan. 15, 2013 /PRNewswire/ — Kruse Energy & Equipment LLC recorded another record year auctioning energy related assets. The Kruse team conducts over 90% of the energy related auctions that take place in North America. Highlighting Kruse’s record year were sales of over 300 complete and partial O & G drilling rigs, well service rigs, water well rigs; all types of related support equipment for drilling, servicing and production of oil, gas, water, minerals and a very large assortment of transportation and construction equipment. Kruse is an employee owned business and most of the key employees have been working together for over 30 years.

Kruse is a sales and marketing team that uses the auction method to convert assets to cash. “We are paid to maximize value on assets for our clients, banks, trustees, private and public companies, investors and individuals,” said Co-Founder David Long. “Using color brochures, internet advertising and trade publications, our marketing, advertising and PR campaigns target proven and qualified buyers in the US, Canada and over 40 countries. We are proud to say that Kruse has the most knowledgeable team specializing in energy equipment auctions. Our longevity and top dollar results are one of the measures of our success.” Kruse has become very attractive to the financial and banking institutions because of their successful record, sophisticated skills and longevity.

From first consultation to the final auction payout, Kruse handles the marketing and auction process and have a reputation of integrity, experience, reliability and the hallmark of the company is premium service. After the initial consultation, the steps to a successful Kruse auction include an estimate of value; cleaning, repair, painting and preparing the equipment; a detailed listing of the equipment for advertising and catalog purposes; and proper equipment layout and presentation for the bidders. Kruse conducts their auctions in comfortable meeting halls or hotel ballrooms, eliminating weather issues and giving bidders all the conveniences of home, including dining. Kruse has perfected the use of digital image auctions to sell the equipment and this reduces or eliminates millions of dollars of transportation expenses for their sellers.

On auction day, the Kruse auction team goes into action! The world’s most knowledgeable and experienced oilfield auctioneers and ring-men convert idle assets to cash using competitive bidding to obtain the highest prices. “Success for our seller occurs when we get top dollar for their assets,” said Jim Richie, Co-Founder and Chief Auctioneer. “It is an art and a science to read the bidders and get the top and last bid on every item offered. We may auction fast, we may auction slow but our goal is to maximize the return on each asset sold.”

From banks, trustees, public companies, energy companies to the smallest proprietorship, Kruse stands ready to provide professional auction services that meet or exceed the needs of their clients. Kruse is located at 11611 County Road 128 West, Odessa. TX, 79765. 432-563-2005

CONTACT: Steve Braley 903-310-2555 or sbraley@kruse.com

SOURCE Kruse Energy and Equipment


Source: PR Newswire