To avoid confusion and better serve our customers, we are now doing business as EBCO. For more information about the history of the company please visit: The EBCO Press Archives
To avoid confusion and better serve our customers, we are now doing business as EBCO. For more information about the history of the company please visit: The EBCO Press Archives
EBCO is headquartered in Edmond, OK. Paul G. Smart is the senior partner and manager of the company and has been with EBCO since its inception.
EBCO markets and sells oil and gas properties primarily through negotiated sale. Each of the listings has its own data room. There you will find EBCO’s design of a lease operating statement, well data profile, production history, production curves, economic analysis, image files and more.
EBCO began as an oilfield equipment brokerage firm in 1979 and soon transitioned to the equipment auction business doing business as EBCO Auctioneers, Inc. In 1987, EBCO became the lead auction company for the Federal Deposit Insurance Corporation (FDIC) and began auctioning items that were repossessed from failed banks and savings and loans during the 1980s. In 1987, the FDIC commissioned EBCO to conduct the nation’s first oil and gas property auction. Soon, every major and independent would participate in an EBCO auction.
Over 150 live, oil and gas auctions were conducted by EBCO and, at its peak, EBCO, now doing business as EBCO USA, Incorporated, was conducting two live auctions per month and employed over 40 personnel. Throughout the 1990s, EBCO set numerous records, including selling the largest valued oil and gas property at auction for an amount of $15,500,000.
On November 1, 1999 history was made when EBCO conducted the world’s first internet auction of oil and gas properties. The sale was conducted exclusively for J.M. Huber Corporation, who were forward-thinking in their desire to use the internet to sell properties.
