ACOMA ENERGY PROJECTS
Acoma Energy is committed to developing the 9,000 gross acres we have leased with our drilling partners in each area. With strong footholds in Glasscock, Reagan, Andrews and Gaines County, TX, Acoma Energy is poised to see exponential growth through our core assets located in each of these counties. We will continue to focus on compiling drilling prospects, buying minerals and royalty interests and partnering with choice operators to ensure the acreage we source and prove up is developed to its fullest potential, not only for our working interest return but also for the mineral owners whom lease their acreage to us. As Acoma Energy generally takes on only a non-operated position in our projects, we are extremely careful and particular in whom we partner with when making the decision to move forward and develop a prospect.
Acoma Energy intends to develop conventional oil rich structures through 2015 in the Permian Basin, situated in West Texas. As of June of 2014, Acoma Energy and its partners had drilled and completed 15 horizontal and vertical oil wells situated in Glasscock and Andrews Counties and seven more were on schedule to be completed by the year’s end. The outlook for 2015 is also just as bright, with 22 additional wells slated for spud and completion. With a successful track record and a fluid understanding of the Basin, we feel we are in a dynamic position to increase our working interest position to a significant level.
Active Counties: Andrews, TX – Ector, TX – Gaines, TX – Glasscock, TX – Reagan, TX
Acoma Energy’s goal in the Niobrara is to continue to purchase and retain producing and non-producing mineral interests, as well as continue to build our leasehold position in certain areas of the Basin. After acquiring almost 5,000NMA of fee minerals and almost 600NMA of leasehold, we have plans to double our mineral interest purchasing and triple our leasehold acquisition. Our mineral purchasing program has given mineral owners an opportunity to monetize an asset that would otherwise take years to produce significant revenue streams (if any at all) which has made Acoma Energy a favorite for sellers to turn to in efforts to make the monetization a reality. With our strong appetite for a much larger position, Acoma Energy is poised to become one of the largest “non-legacy” mineral owners in the entire Basin. Obtaining leasehold will continue to be our focus, as participating in the drilling and completing of oil wells alongside the prudent and skilled operators in the area has already provided a significant return to Acoma Energy. With a goal of obtaining at least 2,000NMAs of leasehold in the Basin, Acoma Energy will be positioned to ensure the working capital deployed will be de-risked and spread across several prime locations in the Niobrara-Codell play.
Active Counties: Adams, CO – Weld, CO
Beginning in October of 2013, Acoma Energy’s presence in the Marcellus Shale play located in the northeastern part of the US included actively buying royalty and mineral interests in the area. Acoma Energy is prepared to deploy an additional $5MM of additional capital to this area on top of the $1MM that has already been spent since our entrance into the play. Mineral owners are experiencing a much simpler, and more professional, transaction with Acoma Energy, which in turn has made us a ‘go-to’ when it comes to liquidating mineral interests.
Active Counties: Washington, PA – Ohio, WV