ATLANTA – Manheim’s Dallas Fort Worth Auto Auction is gearing up for its second oilrig and equipment auction on Nov. 30, in Grayville, Ill.
“Venturing into this market is a great new way for the auction to expand and grow our revenue sources,” said John Swofford, Dallas Fort Worth Auto Auction assistant general manager. “As the price of gas and drilling activity in the U.S. continues to rise, this market is going to grow exponentially.”
The auction partnered with San Antonio-based BC Auctioneers to host Manheim’s first oilrig and equipment auction in Henryetta, Okla., on Nov. 9.
The first auction, which offered 500 lots of oil drilling rigs and well-servicing equipment, attracted 150 buyers from across the U.S. and Mexico. Buyers were able to view the rigs and equipment through a slideshow of photographs. The auction sold $1.2 million worth of rigs and drilling equipment.