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2019-11-02
Pre-bidding is now Available for the Permian
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2019-10-25
Permian International Auction Catalog is posted
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2019-09-25
OilFieldFacts website goes live.
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Pre-bidding is now Available for the Permian
2019-11-02

November 2, 2019, Flemington, NJ - OilfieldFacts announces that Pre-bidding is now available for the Permian International Energy Services auction.  This auction is taking place on November 6 & 7, 2019 at the Corporate Headquarters of Permian International.  This auction consists of over 1,400 Lots of Drill Rigs, Drilling Components, Rig Moving Trucks, Heavy Haul Trailers, Pickups, Drill Pipe, Drill Collars, Tubing and much more.  Approved bidders can place pre-bids effective today and up until the lot is crossing the auction block.

 

On the OilfieldFacts platform, we do not show the actual pre-bid amount only the number of bids placed on an item.  Only the Bidder and the OilfieldFacts team can see the actual Pre-bid amount.  This is done to ensure the privacy of the bidding.  If there is a Pre-bid on an item and a Bidder places a bid lower than the existing Pre-bid, he will be asked to bid a higher amount in order to be the high bidder.  When an item crosses the auction block with a Pre-bid, the OilfieldFacts system will not open up the item at the Pre-bid amount.  The system will automatically place your bids for you and if there are no other bids either online or on the floor, you will win that item at a lower price.  This provides a level of trust and security when leaving Pre-bids and OilfieldFacts follows these strict rules.

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