Dragon Products, LTD Opens Largest Used Equipment Yard to Date

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Oilfield equipment manufacturer unveils its largest used equipment yard to date to allow customers to purchase used equipment on a direct sale or consignment basis

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We believe it was a good time to do it, and we felt that this would be a great added value for our customers that are looking to get top dollar for their used equipment.

On July 1, veteran oil production equipment maker Dragon Products, LTD opened its largest used equipment yard to date at 7400 West Interstate 20, Midland, TX. Customers will now be able to purchase used equipment through either direct sale or consignment.

Todd Henning, Vice President of Northwest Sales, says Dragon Products decided to open this equipment yard to fill a need for customers and give them a viable alternative to an auction setting, where used oilfield equipment is usually bought and sold.

"Dragon’s been buying and selling new and used equipment for years, but we wanted to offer both direct sale and consignment options because auctions have some inherent risk," Henning says. "Given the current business climate, customers might be looking to let go of idle equipment to liquidate their capital equipment, and people are looking for good deals on capital equipment without paying prices for new equipment."

The expansive, conveniently-located site now houses 40 acres of the highest-quality used, surplus and refurbished oil production equipment, Henning explains. Through Dragon Products' used and surplus equipment program, customers can choose from hundreds of frac tanks, trailers, workover rigs, drilling rigs, water transfer pumps, and stimulation equipment from Dragon and other leading manufacturers -- all at a reasonable, stable price.

This setup doesn't just benefit buyers; Henning says sellers can take advantage of Dragon Products' robust global marketing and distribution program, which taps a much larger audience than the typical auction.

"Dragon's direct sale and consignment options represent a more predictable, viable and stable alternative to sellers who wish to avoid an uncertain outcome at auction," he says. "Leading oil producers from across the country will be able to ship their used and surplus equipment to this location, where it will be sold at a fair price for both the buyer and seller."

Because Dragon Equipment knows oilfield equipment inside and out, Henning says he believes this equipment yard will be able to create a win-win scenario at a critical time in the oil and gas industry.

“By opening this equipment yard, we are expanding our efforts in the area," Henning says. "We believe it was a good time to do it, and we felt that this would be a great added value for our customers that are looking to get top dollar for their used equipment.”

About Dragon Products, LTD

Dragon Products, LTD is a U.S. owned and operated company that offers a wide range of quality, durable products for storage, hauling and more. Their equipment and inventory include rigs, tanks, trailers, containers, and more. To learn more about Dragon Products, LTD, visit dragonproductsltd.com.

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Todd Henning