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Schlumberger Properties Go Up for Auction

Williams & Williams, a real estate auction firm based in Dallas, will auction 20-plus properties for oilfield services company Schlumberger during a two-week period in June. Williams & Williams is conducting the auctions along with Lee & Associates Commercial Real Estate Services.

The properties are a mix of warehouse, industrial and land properties throughout the Houston metro area and West Texas, plus locations in Oklahoma, Colorado, Mississippi, Illinois, North Dakota, Wyoming and Utah. Many of the properties will be sold absolute, with no reserve.

“The Schlumberger portfolio includes well-maintained industrial properties near major highways and close to small to medium metropolitan areas,” said Fontana Fitzwilson, EVP of Williams & Williams.

She added, “Sales in the industrial real estate market are strong right now, and the value of having a time-certain sale for multiple properties is attractive to sellers like Schlumberger who want to dispose of their underutilized or idle assets.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).