EnergyNet Announces Formation of Efficient Markets Holding Company and Expansion into New Real Asset Categories
September 03 2024 - 8:45AM
Business Wire
EnergyNet, the leading marketplace platform for oil and gas
asset transactions, announces its strategic expansion with the
formation of Efficient Markets, a new holding company created to
extend its dominant marketplace platform and offer streamlined
transactions across additional real assets and commodities.
Building on EnergyNet’s 25 years of success in the energy sector,
the Efficient Markets platform introduces specialized tech-enabled
marketplaces for transactions involving land, real estate,
renewable energies (solar, battery, wind, geothermal), carbon
capture and sequestration projects, and government managed
resources. EnergyNet and Indigo Energy Advisors will continue their
dedicated service to the oil and gas industry.
Since its inception, EnergyNet has evolved from conducting
auctions for oil and gas assets to facilitating high value
negotiated upstream assets sales ranging from $20 million to $250
million for thousands of energy and natural resources companies. In
recent years, EnergyNet has begun to offer real estate and
renewable energy assets with a very high success rate. With a
reputation for transparency, reliability and efficiency, EnergyNet
serves public and private companies, individual investors, the
United States Federal Government and multiple state agencies,
including Texas, New Mexico, Oklahoma, Colorado, Utah, North
Dakota, South Dakota, Wyoming, Montana, and Alaska. The company’s
competitive sale processes have attracted over 48,000 registered,
financially qualified investors, driving unprecedented success for
buyers seeking high-quality assets and for sellers seeking to
maximize value.
Recognizing the versatility and effectiveness of its platform,
Efficient Markets has expanded EnergyNet’s tech-enabled marketplace
and transaction advisory services to encompass a wide array of real
assets that currently do not have an established marketplace. To
support this ongoing growth, Efficient Markets will house five
specialized subsidiaries, each targeting specific market and client
needs.
- EnergyNet – Continuing its legacy, EnergyNet will
continue its focus on offering operated and non-operated oil &
gas assets, minerals & royalties, and undeveloped acreage
opportunities through online auctions and sealed bid transactions,
while maintaining its position as the industry’s most active and
trusted A&D leader.
- Indigo Energy Advisors – Combines top-tier petroleum
engineering, geology, financial and technical expertise with a
proven platform and process to facilitate negotiated sales of
complex and high-value oil and gas assets, with transactions
ranging from $10 million to $250 million.
- RenovaNexa – Dedicated to renewable energy projects
including solar, battery, green data centers, wind and geothermal,
RenovaNexa will advance the company’s commitment to connecting
capital and investors to alternative energy development projects by
marketing high-quality, renewable assets and projects on a global
technology-enabled marketplace.
- VeroLands – Specializing in land and real estate sales,
VeroLands is a leading technology-driven marketplace for buying and
selling surface real estate. The platform strategically exposes
high value surface real estate acquisition opportunities to an
unrivaled pool of acquisitive buyers and investors.
- Government Resources – Leveraging its strong
relationships and track record with federal, state and local
agencies, this subsidiary will manage sales and leases of diverse
government-owned and managed assets, including timber, forestry,
agriculture, solar, battery, wind, geothermal, carbon sequestration
(via forest management or injection), mining rights, oil & gas,
and other managed lands and natural resources.
“As our company continues to scale our oil and gas franchise and
capture incremental market share across other real assets, we are
excited to announce the formation of Efficient Markets, which marks
a significant milestone in our company’s evolution of being a fully
diversified global asset and divestiture platform,” said Chris
Atherton, CEO/President of Efficient Markets. “Our expansion into
new asset categories is a testament to the proven versatility and
success of our platform to link buyers and sellers to successfully
execute transactions and maximize value. As Efficient Markets, we
are well-positioned to meet the evolving demands of the market and
ensure transparent, competitive, and efficient sales processes for
all types of assets. Going forward, we are excited to continue to
provide exceptional service to our clients across a broader
spectrum of industries.”
Learn today how Efficient Markets and its subsidiaries can help
you with your next acquisition or divestiture by visiting
www.efficientmarkets.com or contacting Josh Wannarka at
josh.wannarka@efficientmarkets.com
About Efficient Markets
Efficient Markets is the holding company for EnergyNet and its
specialized subsidiaries: Indigo Energy Advisors, RenovaNexa,
VeroLands, and Government Resources. Built on the success of
EnergyNet’s auction and sale platform, Efficient Markets aims to
provide transparent, competitive, and efficient sales processes for
a wide range of real assets by utilizing the latest technology to
link its global network of over 60,000 buyers and sellers.
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Josh Wannarka Chief Financial Officer / Chief Operating Officer
877-351-4488 josh.wannarka@efficientmarkets.com
www.efficientmarkets.com