This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Liquidity Services, Inc. To Conduct Online Auction For Surplus Pipe And Drilling Assets From Murphy Oil Corporation

WASHINGTON, Jan. 20, 2014 /PRNewswire/ -- Liquidity Services, Inc. (NASDAQ: LQDT), a global solutions provider in the reverse supply chain with leading online marketplaces for surplus assets, is conducting an online auction on behalf of Murphy Oil Corporation. The auction will sell pipe and drilling equipment no longer needed in Murphy's daily operations at its Pointe Noire location in the Republic of Congo. Interested buyers will have the opportunity to bid on over 100 assets which consist of: Subsea Wellhead, Completions, Casing and Tubing, Drilling, Pipe and Shop equipment via Liquidity Services' online marketplace

"This sale presents a compelling opportunity for commercial buyers looking to leverage the secondary marketplace to purchase a diverse assortment of drilling equipment and pipe from a globally recognized organization," said Tom Burton, President of Liquidity Services Capital Assets Group. "We are pleased to offer Murphy Oil a transparent asset disposition process for its surplus equipment via our proprietary technology and proven sales methods.  As always, top priority remains on consistently meeting our clients' goals of maximized investment recovery and superior client service." 

Bidding for the items opens Tuesday, January 21 at 9am ET; for more details and to sign up for the event, please visit:  

Below is a partial list of items that will be available for sale:
  • Completions Equipment
  • Drilling Equipment & Drill Pipe
  • Industrial Equipment & Shop Equipment
  • Line Pipe
  • Marine Equipment
  • Oil Country Tubular Goods (Casing & Tubing)
  • Process & Production Equipment
  • Subsea Wellhead & Equipment

Liquidity Services' marketplace allows professional buyers to source surplus energy equipment in the oil and gas, petrochemical, power/utilities and mining industries from any location around the globe, including seven of the top 10 oil and gas companies. Bidders can evaluate available equipment from an online platform and then purchase assets via the regularly scheduled industry marketplace auctions. The Network International marketplace provides buyers a safe, easy and secure purchasing experience, which includes buyer support services, logistics and multiple payment methods.   

About Liquidity Services, Inc . Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations, public sector agencies, and buying customers the world's most transparent, innovative, and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of over $4.3 billion of surplus, returned, and end-of-life assets in over 500 product categories, including consumer goods, capital assets, and industrial equipment. The company is based in Washington, D.C. and has approximately 1,400 employees. Additional information can be found at:


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs