PO BOX 14768 • Odessa, TX 79768PO BOX 891283

Oklahoma City, OK 73189-1283

www.hanwayauctioneers.com

PHONETOLL FREE: 877.461.9992

LOCAL: 432.561.9992FAX: 432.362.3337

OKLAHOMA CITY, OK: 405.255.8070

RON HANWAY • TX AUC. LIC. #7753

AUCTIONOVER $800,000 IN INVENTORY

INVENTORY REDUCTION AUCTION

PAINTEARTH ENERGY SERVICES3619 BRAZOS STREET ODESSA, TEXAS

AUGUST 29, 2009 - 10 A.M.PREVIEW: AUGUST 28, 2009 - 10 A.M. TIL 5 P.M.

TERMS: CASH, CASHIER’S CHECKS, PERSONAL OR COMPANY CHECKS ACCEPTED WITH IRREVOCABLE BANK LETTER OF GUARANTEE DATED AUGUST 29, 2009. EVERYTHING SOLD “AS IS, WHERE IS - NO WARRANTY - EXPRESSED OR IMPLIED”. ALL ANNOUNCEMENTS AT AUCTION SUPERCEDE ANY PRINTED MATTER. PAYMENT IN FULL DAY OF SALE - NO DRAFTS, NO CREDIT CARDS - 10% BUYERS PREMIUM.

SPECIAL NOTE: 99% OF THESE TOOLS ARE BRAND NEW.

PACKERS44 - 4-1/2” x 9.5-15# Model R Double Grip Packer.7 - 5” 11.5-15# Model R Double Grip Packer.2 - 9-5/8” x 3-1/2” 47-53# Model R Double Grip Packer.1 - 8-5/8” x 3-1/2” 20-28# STP-1 Tension Packer10 - 2-7/8” x 1.900” NUE STP-L Tension Packer10 - 7” x 3-1/2” 26-29# Model R Double Grip15 - 5-1/2” x 2-7/8” 17-20# Model R Double Grip Packer.15 - 5-1/2” x 2-7/8” 13-15.5# Model R Double Grip Packer.20 - 7” x 2-7/8” A-2 Lock-Set Packer w/ Carbide Slips3 - 2-7/8” Full Bore Unloader1 - 7” Full Bore Packer8 - 5-1/2” 15.5-20# Large Bore Lock-Set Packer.6 - 5-1/2” 15.5-20# Large Bore Lock-Set Packer w/ Carbide Slips.10 - 4-1/2” 9.5-13.5# Model G Set Down Packer27 - 5-1/2” 15.5-20# Model G Set Down Packer

SERVICE TOOLS26 - 4-1/2” 9.5-13.5# ICW Retrievable Bridge Plug.5 - 4-1/2” ICW Retrieving Tool.1 - 5-1/2” ICW Retrievable Bridge Plug w/ carbide slips.17 - 5-1/2” 32-A Packer.5 - 4-1/2” Casing Srapers2 - 5-1/2” Casing Srapers1 - 2-7/8” Lower Kelly Valve w/ 2-7/8” IF Box by Pin.1 - 3-1/2” Lower Kelly Valve w/ 3-1/2” IF Box by Pin.

19 - 2-3/8” SBV-K Ball Valve50 - 2-7/8” SBV-K Ball Valve22 - 2-3/8” PK Connector Valve22 - 2-7/8” PK Connector Valve

TUBULAR PRODUCTS40 - 2-3/8” EUE J-55 x 6 Ft Pin by Pin Pup Joint.40 - 2-7/8” EUE J-55 x 6 Ft Pin by Pin Pup Joint.60 - 2-3/8” EU-AB J-55 Coupling.40 - 2-7/8” EU-AB J-55 Coupling.4 - 2-3/8” EUE 13Cr 80K x 6 Ft Box by Pin Pup Joint.4 - 4-1/2” x 9.5-15# Model R Double Grip Packer.28 - 2-7/8” EUE L-80 x 6 Ft Box by Pin Pup Joint.10 - 2-7/8” EUE L-80 x 10 Ft Box by Pin Perforated Pup Joint.9 - 2-7/8” EUE N-80 x 8 Ft Box by Pin Pup Joint.7 - 2-7/8” EUE N-80 x 8 Ft Box by Pin Perforated Pup Joint.40 - Wireline Entry Guide, 2-7/8” EUE. 13Cr.5 - 2.28 Pump Seat Nipple (PSN) 2-7/8” EUE Pin by Pin. 316 SS.

CAST IRON CEMENT RETAINERS & BRIDGE PLUGS34 - Cast Iron Cement Retainer, 4-1/2” Wireline. MOT40 - Cast Iron Cement Retainer, 4-1/2” Mechanical. MOT10 - Cast Iron Cement Retainer, 7” Mechanical. MOT35 - Cast Iron Cement Retainer, 7” Wireline, MOT

2 - Cast Iron Cement Retainer, 7-5/8” Mechanical. MOT6 - Cast Iron Cement Retainer, 8-5/8” Mechanical. MOT8 - Cast Iron Cement Retainer, 9-5/8” Mechanical. MOT26 - Cast Iron Cement Retainer, 5” Mechanical. WCT25 - Cast Iron Cement Retainer, 5-1/2” Mechanical. BOTIL.11 - Cast Iron Cement Retainer, 7” Mechanical. WCT24 - Cast Iron Cement Retainer, 7” Wireline. WCT28 - Cast Iron Cement Retainer, 5-1/2” Wireline. MOT50 - Cast Iron Cement Retainer, 5-1/2” Mechanical. MOT25 - Cast Iron Bridge Plug, 4-1/2” Wireline. MOT25 - Cast Iron Bridge Plug, 5-1/2” Wireline. MOT14 - Cast Iron Bridge Plug, 7” Wireline. MOT

FLOW CONTROL & ON-OFF TOOLS1 - 2.31 Baker-style F Profile T-2 Stinger w/ 2-7/8” EUE Pin. L-80.27 - 2.31 X Profile T-2 Stinger w/ 2-7/8” EUE Pin. L-80.1 - 1.87 Baker-style F Profile T-2 Stinger w/ 2-7/8” EUE Pin. 316 SS.5 - 2-7/8” Solid T-2 Stinger w/ 2-7/8” EUE Pin. 316 SS.10 - 2-7/8” Full Drift T-2 Stinger w/ 2-7/8” EUE Pin. L-80.1 - 1.78 OR Profile T-2 Stinger w/ 2-7/8” EUE Pin. 13%Cr.1 - 1.78 OR Profile T-2 Stinger w/ 2-3/8” EUE Pin. L-80.4 - 2-7/8” Solid T-2 Stinger w/ 2-7/8” EUE Pin. L-80.11 - 1.50 X Profile T-2 Stinger w/ 2-3/8” EUE Pin. L-80.5 - 1.62 X Profile T-2 Stinger w/ 2-3/8” EUE Pin. L-80.1 - 1.87 Baker-style F Profile T-2 Stinger w/ 2-3/8”

EUE Pin. L-80.2 - 1.87 XN Profile T-2 Stinger w/ 2-3/8” EUE Pin. 316 SS.69 - 4-1/2” x 2-3/8” FL Overshot52 - 5-1/2” x 2-3/8” FL Overshot6 - 1.87 X Profile FL Stinger w/ 2-3/8” EUE Pin L-80.58 - 1.78 Baker-style R Profile FL Stinger w/ 2-3/8” EUE Pin. 316 SS.76 - 1.81 Baker-style F Profile FL Stinger w/ 2-3/8” EUE Pin. 316 SS.1 - 1.87 Baker-style F Profile FL Stinger w/ 2-7/8” EUE Pin. 316 SS.2 - 1.87 X Profile FL Stinger w/ 2-7/8” EUE Pin. 316 SS.20 - 2-3/8” Hydro-Trip Sub Assembly w/ 1.75” dia ball.8 - 3-1/2” Hydro-Trip Sub Assembly21 - 5-1/2” x 2-3/8” EUE T-2 10K Overshot.5 - 5-1/2” x 2-7/8” EUE T-2 10K Overshot.19 - 2.75 X Landing Nipple w/ 3-1/2” EUE Box by Pin. L-80.12 - 2.75 XN Landing Nipple w/ 3-1/2” EUE Box by Pin. L-80.14 - 2.81 X Landing Nipple w/ 3-1/2” EUE Box by Pin. L-80.13 - 2.81 XN Landing Nipple w/ 3-1/2” EUE Box by Pin. L-80.1 - 3.81 X Landing Nipple w/ 3-1/2” EUE Box by Pin. L-80.3 - 3.81 XN Landing Nipple w/ 3-1/2” EUE Box by Pin. L-80.23 - 2.31 X Landing Nipple w/ 2-7/8” EUE Pin by Pin. 9%Cr.

2 - 2.31 X Landing Nipple w/ 3-1/2” EUE Pin by Pin. 9%Cr.2 - 2.75 XN Landing Nipple w/ 3-1/2” EUE Pin by Pin. 9%Cr.1 - 2.75 X Landing Nipple w/ 3-1/2” EUE Pin by Pin. 9%Cr.2 - 2.81 X Landing Nipple w/ 3-1/2” EUE Pin by Pin. L-80.18 - 1.87 XN Landing Nipple w/ 2-3/8” EUE Pin by Pin. 316 SS.1 - 1.78 OR Landing Nipple w/ 2-3/8” EUE Box by Pin. 9%Cr.63 - 1.87 X Landing Nipple w/ 2-3/8” EUE Pin by Pin. L-80.86 - 2.25 Baker-style R Profile Landing Nipple w/ 2-7/8” EUE Box by Pin. L-80.2 - 2.31 XN Landing Nipple w/ 2-7/8” EUE Box by Pin. 9%Cr.35 - 1.87 XN Landing Nipple w/ 2-3/8” EUE Box by Pin. 9%Cr.21 - 1.87 XN Landing Nipple w/ 2-3/8” EUE Pin by Pin. 9%Cr.36 - 1.87 X Landing Nipple w/ 2-3/8” EUE Pin by Pin. 9%Cr.7 - 1.62 XN Landing Nipple w/ 2-1/16” IJ Box by Pin. L-80.7 - 1.50 XN Landing Nipple w/ 1.900” EUE Pin by Pin. L-80.2 - 1.50 X Landing Nipple w/ 1.900” EUE Pin by Pin. L-80.4 - 1.50 X Landing Nipple w/ 1.900” NUE Box by Pin. L-80.6 - 1.43 Baker-style F Profile Landing Nipple w/ 1.900” EUE Box by Pin. L-80.

6 - 1.43 Baker-style R Profile Landing Nipple w/ 1.900” EUE Box by Pin. L-80.3 - 1.50 Baker-style F Profile Landing Nipple w/ 1.900” EUE Box by Pin. L-80.188 - 1.78 Baker-style F Profile Landing Nipple w/ 2-3/8” EUE Box by Pin. L-80.41 - 1.81 Baker-style F Profile Landing Nipple w/ 2-3/8” EUE Box by Pin. L-80.26 - 1.81 Baker-style R Profile Landing Nipple w/ 2-3/8” EUE Box by Pin. L-80.9 - 1.81 Baker-style R Profile Landing Nipple w/ 2-3/8” EUE Box by Pin. 316 SS.27 - 1.87 Baker-style R Profile Landing Nipple w/ 2-3/8” EUE Box by Pin. L-80.2 - 3.81 Baker-style L Sliding Sleeve w/ 4-1/2” New VAM Box by Pin. L-80.2 - 3.81 XA Sliding Sleeve w/ 4-1/2” EUE Box by Pin. L-80.2 - 2.81 XA Sliding Sleeve w/ 3-1/2” EUE Box by Pin. L-80.12 - 1.87 X Profile T-2 Stinger w/ 2-3/8” EUE Pin. L-80.

WIRELINE TOOLS1 - 2-3/8” C-1 Running Tool2 - 3-1/2” C-1 Running Tool5 - 1.87 XX Plug Bottom 9%Cr.6 - 2.31 XX Plug Bottom 9%Cr.2 - 2.75 FB-2 Equalizing Check Valve. L-80.

PO BOX 14768 • Odessa, TX 79768www.hanwayauctioneers.com

FIRST CLASSPOSTAGE

US POSTAGE PAIDMIDLAND, TX 79711

PERMIT NO. 153