Kruse Energy and Equipment Auctioneers Hosts 3 Historic Auctions With More Than 125 Well Service & Drilling Rigs on the Block in Oklahoma City, Denver & Odessa

ODESSA, Texas, September 1, 2010 - The U.S. oil and gas industry's largest auction firm is hosting an
unprecedented series of auctions in three cities over 15 days, featuring more
than 125 well service and drilling rigs, including some three dozen
late-model rigs.

Kruse Energy and Equipment Auctioneers, LLC is leading off with a major
three-day auction in Oklahoma City, OK featuring 61 well service rigs and
eight drilling rigs, trucks and equipment on September 21, 22 and 23. This
will be followed by an offering of more than 40 quality portable
drilling/workover rigs and components in Denver, CO on September 29. And
finally on October 5 and 6 in Odessa, TX, a selection of well service rigs,
drilling components, trucks and trailers. One of the highlights of this sale
is, during the Oklahoma City sale, Kruse Energy will be selling a never used
3000HP Electric Draw Works and a 1000 ton block and hooks.

"This is an unprecedented sale of late-model drilling and well service
rigs," said David Long, co-founder of Kruse Energy and Equipment Auctioneers,
LLC. "Because of the strong demand for energy and the strength of the
industry, companies are upgrading equipment. Companies are now choosing
competitive bidding through auctions to get the top dollar for their assets."

Kruse Energy will be selling more than 40 rigs that are 2006, 2007, 2008
and 2009 models.

"This is good for the U.S. oil and gas industry," said Kruse Energy chief
auctioneer Jim Richie. "These sales mean companies are upgrading and due to
the strong demand for energy, more rigs will be going to work in the U.S."

"This is a very exciting happening and it will bring qualified bidders
from all over the world," added Richie. "This is a historic offering."

Kruse Energy, which has conducted 90 percent of the industry auctions
over the last 25 years, operates in all 50 states, Canada and 31 foreign
countries with offices in Odessa, TX, Tulsa, OK, San Antonio, TX, Oklahoma
City, OK and Tyler, TX.

For more information, visit www.kruseenergy.com.

MEDIA CONTACT: Steve Braley at +1-561-310-2555 or via email at
sbraley@kruse.com

Steve Braley of Kruse Energy and Equipment Auctioneers, LLC, +1-561-310-2555, sbraley at kruse.com