Successful Auction by The Oil & Gas Asset Clearinghouse Demonstrates Strong Market Demand

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The Clearinghouse Provides Unique Solutions in Challenging Times

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Despite the current challenges in the oil and gas market, our unique auctions remain the best process to allow bidders to compete in real time and to allow sellers to achieve success in meeting their sales objectives.

The most recent auction conducted by The Oil & Gas Asset Clearinghouse (“The Clearinghouse”), a leading provider of acquisition and divestiture services for oil and gas properties, monetized assets for selling clients while offering excellent opportunities for buyers. In its live auction earlier this month, The Clearinghouse marketed 950 distinct oil and gas properties, combined into 96 strategic lots ranging from non-producing leasehold interests through mature field working and royalty interests. Sellers included ExxonMobil, Finley Resources, Blanco Company, Unit Petroleum, Sabine Oil & Gas, Cathexis and SM Energy to name just a few.

The Clearinghouse is the only oil and gas acquisition and divestiture advisory firm with in-house technical expertise that offers a complete line of auction and negotiated transaction services.

Ron Barnes, COO of The Clearinghouse, noted “Despite the current challenges in the oil and gas market, our unique auctions remain the best process to allow bidders to compete in real time and to allow sellers to achieve success in meeting their sales objectives. We present more acquisition opportunities than anyone else in the industry to over 16,000 qualified bidders and provide them the ability to review detailed data on each property, thus, maximizing value for both buyer and seller. We are pleased to say that we have been successfully bridging gaps between those parties for over 20 years.”

The Clearinghouse will hold its next auction on May 13, 2015. Consignments for that auction are still being accepted. If you are interested in participating in the auction, please contact The Clearinghouse for details.

About The Oil & Gas Asset Clearinghouse
The Clearinghouse, a CenterGate Capital portfolio company, is the premier provider of oil and gas property marketing and advisory services. Conducting numerous oil and gas property auctions annually, The Clearinghouse allows its clients to participate through physical attendance or to compete online in real time. The Clearinghouse also provides negotiated transaction services focused on the mid-market. All marketing and advisory services are supported by a high level of reserve engineering, geo-science and land expertise. More information about The Clearinghouse and its upcoming auctions can be accessed at http://www.ogclearinghouse.com.

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