THE OIL & GAS ASSET CLEARINGHOUSE

The Oil & Gas Asset Clearinghouse is the only marketing services firm that offers a complete line of auction and negotiated transaction services; fully supported by Internet and digital data delivery systems. Their four primary transaction service lines are: · Hybrid Live Auctions (simultaneous floor & Internet bidding) - The Clearinghouse has revolutionized the oil and gas auction divestiture business by combining the advantages of negotiated sales (quality evaluation data, data room supp... ort) with the advantages of an auction (maximum buyer exposure, competitive sale environment, immediate closing, no negotiation and quick settlement). Founded in 1993, The Clearinghouse continues to improve on its position as the industry leader by being the first and only marketing firm to host Hybrid Auctions which combine the ability to bid either over the Internet or in person at their live floor auctions. Internet bids are received on approximately 80% of the properties offered and are an important piece of their buyer base. All “Notable Properties” offered by The Clearinghouse are supported by comprehensive electronic and physical data rooms. Additionally, their Technical Services team will provide engineering, geology, commercial evaluation and packaging recommendations for all Notable Properties.