How To

BUY EQUIPMENT

Buying equipment through Kruse is simple and open to the public. Review our auction calendar for upcoming auctions. A brochure with equipment listings is available approximately three weeks prior to an auction. Then, a catalog is published approximately one week before the event. Both documents are posted on our website. Please read and review the brochures and catalogs to find items of interest. Also check our website for late additions to the auction.

To bid on equipment in an auction, you must register. Registering to bid is FREE. Below is a description of the process:

When you come to the auction, submit your ID, sign and completely fill out a bidder’s registration form at registration. Please have the following information with you:

  • Address

  • Phone & Fax Number

  • Method of Payment (company or personal checks or wire transfers). No drafts, credit cards or ACH accepted.

  • If Tax Exempt you MUST provide a copy of your SALES and USE TAX PERMIT! In addition, the company Federal Identification Number, or for a proprietorship the purchaser’s social security number will also be required.

NOTE: If you are paying with a wire, personal or company check, you must obtain a bank guarantee letter from your bank, fax the document to us (1-432-563-7929), and bring original letter to the auction site.

FOREIGN BUYER NOTICE: Kruse welcomes buyers to our auctions from all over the world. You must be pre-approved to bid at all auctions. For further information, please contact Debbie Dare ddare@kruse.com

You will be given a numbered sale catalog with the complete terms of sale inside and a list of all the items in the order they will be sold. You will then be able to bid on any of the equipment in the auction sale and will be responsible for purchases applied to that bidding number.

BID ABSENTEE

Absentee bidding is available if you can’t attend an auction. The Absentee Bid Form is available on our website, or our office will send you the form with all the information we need to honor your request. You’ll need to list the lots you are interested in, along with your highest bid. Our staff will bid on your behalf just as if you were there yourself.

PHONE BIDDERS: You must be a bidder in good standing to bid with Kruse by phone. You may be required to make a bid deposit 24 hours prior to the auction.

NOTE: Absentee Bids Only Allowed with DEPOSIT & WRITTEN INSTRUCTIONS to Odessa Office 24 HOURS PRIOR TO AUCTION – NO EXCEPTIONS!

SELL EQUIPMENT

Selling equipment through Kruse is fast and effective. Your objective is to liquidate your property in a manner that nets you the most money, the Kruse Energy Team is committed to taking care of your needs. Our attention to detail in Advertising, Sale Promotion, Property Display, Accounting, Prompt Settlement of Sale Proceeds and Buyer Considerations all insure you having a great auction.

  • A Kruse Energy representative will meet with you and recommend a plan that takes into account financial and equipment resources available, advertising requirements, general logistics, buyers consideration and most importantly — highest net dollars to you.

  • After executing an Auction Agreement, your representative will gather advertising inventory & photographs, provide equipment delivery location & deadlines (if needed), oversee make ready & layout, cataloging, numbering, and sale site preparation.

  • Kruse Energy’s marketing group will produce, target & mail buyers a full color brochure incorporating descriptions, photographs, yard directions, preview & checkout information, and other pertinent information. In addition, Kruse will target qualified buyers in valuable trade journals, magazines and newspapers nationally and regionally. Kruse will also conduct an email campaign of your sale to our opt-in mail list.

  • Kruse Energy will furnish all personnel to conduct your auction, maintain & furnish records of the sale, collect and remit applicable sales taxes.

Kruse Energy Auctioneers guarantees maximum efforts on your behalf by the most knowledgeable team in today’s market. To consign your equipment, please call us at 1-432-563-2005 or email us and a Kruse Energy Representative will contact you to discuss your needs.

GET EQUIPMENT APPRAISED

Kruse offers complete appraisal services for oilfield equipment, trucks & trailers, and construction equipment. Kruse Energy along with Dan Kruse, of Kruse Asset Management, provides fee appraisals for companies & individuals doing mergers & acquisitions, financing, private treaty sales, auctions, partnership dissolution, updating insurance, probating wills, and estate planning. With the ever changing energy market, it is even more important to keep up with the value of your equipment. Kruse Energy & Equipment Auctioneers are recognized as the LEADERS in the industry and are capable of providing you with a detailed appraisal of your company or equipment.

If you have one piece of equipment or an entire spread you would like appraised, Call us at 1-432-563-2005 or email us and a Kruse representative will contact you to discuss your needs.

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