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Online Bidding Now Underway for Large Inventory of Oil-and-Gas Line Pipe in Auction by Tiger Liquidity Services Energy Partners

  • More than 200,000 feet of casing and 100,000 feet of tubing hit the market due to bankruptcy of Fort Morgan, Colorado-based Catamount Oilfield Services; inventory housed in Colorado, Wyoming and Texas comes in a wide array of sizes and grades

Bidding is underway in the timed online auction of more than 300,000 feet of line pipe formerly owned by Fort Morgan, Colorado-based Catamount Oilfield Services, announced Tiger Group and Liquidity Services (NASDAQ: LQDT ).

The auction is the latest offering by the two companies, which in 2016 formed a strategic partnership— Tiger Liquidity Services Energy Partners —focused on directly assisting those seeking to sell surplus oil-and-gas assets.

"At a time when oil prices and demand are back on the upswing, this online auction represents a strong opportunity for companies to restock their inventories," said Chad Farrell, Managing Director, Tiger Commercial & Industrial. "In addition to the strong value inherent to a bankruptcy liquidation, the inventory in this sale has high utility, given the wide array of available sizes and grades."

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Catamount's entire pipe inventory, housed at sites in Colorado, Wyoming, and Texas, is available in the timed online auction. The inventory includes:

Catamount Oilfield Services, Inc. (COS) filed in the U.S. Bankruptcy Court in the District of Colorado. The company was known for offering a full line of API tubing, casing, and line pipe.

Source: Tiger Group
Date: Oct 21, 2021


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