Mr. Averitt serves as the President of Asset Re-Source and ARS Global. He has over 15 years of experience in the divesture and internal redeployment of surplus oil and gas assets.

Prior to joining Asset Re-Source and ARS Global, Mr. Averitt worked as a contractor to ExxonMobil, Syncrude, and Oxy selling surplus upstream and downstream equipment and assets. During his contract tenure with ExxonMobil and Syncrude, Mr. Averitt grew third party sales of Canadian surplus assets from $0 to $72MM annually. He also managed the Asset Recovery program at Enterprise Products and was directly responsible for the management of inventory in excess of $60MM as well as internal redeployment of pipe, valve, and fitting inventory. Mr. Averitt also increased sales of surplus pipe, valve, and fitting inventory to outside buyers from $5MM to $12MM annually. Since joining Asset Re-Source and ARS Global, Mr. Averitt has been an integral part of the purchase and sale of large capital project surplus material packages as well as implementing policies and procedures for cost savings and efficiency gains. He has also purchased and sold multiple idle pipeline systems for removal and reclamation.

Josh is a current member of the Pipeliners Association of Houston, San Antonio Pipeliners Association, Permian Basin Association of Pipeliners, and the Investment Recovery Association. He is a lifelong Houstonian and a graduate of Texas A&M University. Josh and his wife enjoy all outdoor activities with their son.

Manager – Energy Equipment Sales with over two decades of experience spanning the energy and technology sectors, David Fondren is a proven leader in multichannel merchandising and sales strategy. Currently serving as the Energy Equipment Sales Manager for Asset Re-Source, David specializes in maximizing asset recovery for oil and gas assets, consistently achieving an average resale value of 94%. He is known for blending analytical insight and creative problem-solving to develop productive client relationships.

His deep understanding of buyer behavior, market analysis, and targeted sales strategies helped develop one of the most robust buyer networks in the industry.

Earlier in his career, David Fondren held roles in e-commerce product development. A U.S. Air Force veteran and former C-5 Galaxy Crew Chief, he brings discipline, leadership, and a mission-focused mindset to every opportunity.

Whether sourcing material from investment recovery programs or navigating real-time auction dynamics, David Fondren is passionate about driving value for stakeholders and turning challenges into opportunities for growth.

Strategic Account Manager – Energy/Oil & Gas Division. After 30+ years in this industry, I understand what downtime costs, how quickly priorities shift, and how frustrating it is to wait on materials that should already be in hand. Our team brings speed, transparency, and reliability to every transaction. We’re not here to complicate things. We’re here to solve problems and help you get materials moving.

If you’re in oil, gas, or energy, Asset Re-Source is here to provide a wide range of supplies to aid in your asset management. At Asset Re-Source, I work directly with both buyers and sellers across the energy and oil & gas industries. For buyers, we help source critical materials—pipe, valves, fittings, equipment, and more—on tight timelines, with practical solutions tailored to the field. For sellers, we turn surplus and idle inventory into opportunity by connecting it with real demand.

If you’re managing a yard full of unused inventory, or trying to keep a project on schedule, follow @Asset Re-Source to see how we’re helping companies on both ends of the supply chain work smarter and waste less, as well as keep up to date on our latest inventory offerings.