Efficient Markets Reports Record BLM Utah Geothermal Lease Sale

Geothermal Development Accelerates as Clean Energy and Thermal Management Demand Gains Momentum

HOUSTON--(BUSINESS WIRE)--Efficient Markets is proud to announce another record-breaking geothermal lease sale for the U.S. Bureau of Land Management (BLM). The recent results further highlight strengthening private market demand for clean, low-cost, reliable power generation and thermal management, driven by technology advancements and data center development.

The BLM Utah geothermal lease sale held on August 18, 2026, achieved a new high of $1,207 per acre for one parcel. This rate represents a more than 70 percent increase above the previous record of $701 per acre set for a single parcel in the June 2026 BLM New Mexico sale. Overall, the recent Utah sale generated total high bids of $24.5 million for 32 parcels spanning 72,398 acres.

“Geothermal is a critical and fast-growing renewable energy source, and Efficient Markets is proud to be the one marketplace for federal and state geothermal lease sales. Going forward, with continued government support and accelerated technology advancements, we expect increased investment in geothermal projects, driving stronger competition and momentum in geothermal power generation,” said Gus Rivero, Chief Ventures Officer of Efficient Markets.

At the state level, the Texas General Land Office has recently issued a Request for Information soliciting interest in geothermal exploration and development on permanent school fund lands, with responses due by December 10, 2026, via the Efficient Markets platform at https://app.efficientmarkets.com/detail/159700.

The state of Colorado recently announced its inaugural Request for Proposals (RFP) for geothermal exploration and development of state trust land, and proposals are due by September 20, 2026, on the Efficient Markets platform at https://app.efficientmarkets.com/salegroup/6564.

Efficient Markets will also host two additional upcoming BLM geothermal lease sales. Nevada is scheduled for October 20, 2026, and Idaho is proposed for November 2026. Further details for each sale will be available at https://app.efficientmarkets.com/government-listings.

About Efficient Markets

Efficient Markets is the leading, tech-enabled marketplace that provides a streamlined transaction process for real asset acquisitions and divestitures across a wide range of industries, including oil and gas, government lease and sale listings, real estate, alternative energy, and other commodities. With more than 25 years of execution experience and over 56,000 registered users, we are recognized as market experts because of our deep industry knowledge, extensive relationships, and unparalleled insight into the A&D market. Our platform empowers profitable growth by leveraging innovative technology and proprietary data insights with a dedicated team of experts, connecting buyers and sellers in a structured, competitive experience that targets speed, transparency, and successful outcomes. Efficient Markets consistently maximizes value and delivers strong results for transactions.