History of Efficient Markets
Efficient Markets has been facilitating real asset transactions since 1999. With more than 25 years of excellence, we have expanded from conducting online oil and gas auctions as EnergyNet to offering a wide range of transaction, advisory, and proprietary data services, including higher-valued negotiated sealed-bid sales, across multiple real asset categories with our versatile Efficient Markets platform. We’re proud to have built a reputation for consistent execution, reliability, and efficiency, which has earned us the trust of the largest publicly traded companies, the United States federal government and multiple state agencies, while achieving significant milestones as a company.
The following events are a few of our achievements:
February 1999
EnergyNet.com is incorporated as the first tech-enabled marketplace for oil and gas transactions
February 2000
Sold the first oil and gas property ever to be auctioned online
September 2001
Named “Best of the Web” by Forbes Magazine
January 2003
Announced bidders in all 50 states
March 2003
Chevron USA engaged EnergyNet to divest 120,000 net mineral acres across 30 states
December 2005
Exceeded $100 MM in annual property sales
September 2006
Sold first property in Canada
August 2008
Awarded the Bureau of Land Management (BLM) contract to create and host the Oil and Gas Lease Internet Auction Pilot
December 2012
Reached $1.0 BN in cumulative property sales
December 2014
Following successful pilot auction and lobbying efforts, the Federal Leasing Act of 1953 was amended to allow BLM to auction oil and gas leases online
August 2015
Won the first-ever BLM RFP to host online oil and gas lease sales
August 2015
Held the first online oil and gas lease auction for the Texas General Land Office, netting approximately $20.5 MM for public schools
June 2016
Declared by Forbes Magazine to hold over 75% of the online oilfield auction market
September 2016
Hosted first-ever BLM federal online oil and gas lease sale
March 2017
MPK Equity Partners acquired EnergyNet, setting the stage for long-term growth and revenue diversification
October 2017
Hosted first-ever BLM online geothermal sale
April 2018
Held first online mining lease sale
September 2018
Sold 142 parcels for BLM New Mexico, exceeding $987 MM
February 2020
Launched EN Indigo (now Indigo Energy Advisors), a platform tailored to support upstream energy companies’ higher valued assets, with deals valued at $10 MM to $250 MM+
May 2020
Held its first-ever online agricultural lease sale
November 2020
Held first-ever online real estate land auction
July 2021
Hosted first-ever BLM online land sale
October 2021
Sold $154 MM non-operated asset package for a publicly-traded E&P company; demonstrating ability to execute large, high-valued asset divestitures
May 2022
Held first online land auction in Nevada, totaling $138 MM+ in sales
July 2024
BLM selects Efficient Markets to serve as trusted subject-matter expert and sole private-sector participant on Carbon Capture Task Force and advise on potential carbon management legislative reforms and their impact to public and private land stakeholders
September 2024
Rebranded EnergyNet to Efficient Markets to reflect success in diversifying across multiple assets classes beyond traditional oil and gas
March 2025
Sold the Cashman Center in Las Vegas for $36.2 MM, demonstrating the platform’s ability to deliver maximize results for high-valued real estate properties
October 2025
Generated ~$500 MM in oil and gas lease sales for the New Mexico State Land Office and BLM New Mexico
October 2025
Achieved over $12 BN in cumulative property sales
November 2025
Held BLM New Mexico oil and gas lease auction for $75.9 MM in sales, setting a new record of $180,001 / acre, demonstrating the platform’s ability to deliver unparalleled results
January 2026
Held BLM New Mexico oil and gas lease auction for $326.6 MM in sales, setting a new record of $218,752 / acre, reflecting the platform’s reach beyond all pre-sale estimates