EnergyNet (Efficient Markets)

EnergyNet — rebranded Efficient Markets in September 2024 — is the 26-year incumbent online marketplace for U.S. oil & gas asset sales: working interests, royalties, and minerals sold through continuous auctions, sealed bids, and negotiated deals, plus the auction contractor role for the BLM and a dozen state land agencies (the May 2026 New Mexico/Texas sale it hosted raised ~$4.008 billion — the largest BLM lease sale on record). AltStreet's August 2026 verification sweep found what the prior review missed: the broker-dealer is EnergyNet.com, LLC itself (CRD 102100, dba Efficient Markets LLC) with a zero-disclosure-event FINRA record since 2000, and its SEC-filed audited financials are public — FY2025 revenue of $13.4 million and net income of $6.7 million, with negotiated/sealed-bid commissions now roughly double auction commissions. It is a B2B marketplace for industry participants, not a retail investment platform; the seller commission schedule is not published, and headline scale claims ($17B+ cumulative) carry no published definitions.