Acoma Operating, LLC (“Operating”) wraps up 2022 by achieving various goals. First, the company surpassed 100boe/d of production from its 50+ operated wells in West Texas. Secondly, it drilled and completed its first oil and gas well in Ector County, TX on the Grove ‘A’ lease located in the TXL Field. The Grove ‘A’ #2 well was perforated and acidized in early November and is set to be frac’d in the final week of December. Operating was formed upon the opening of the West Texas office. It has grown its production profile methodically and organically from a ‘grass roots’ acquisition effort. Operating plans on surpassing the 200boe/d threshold of daily production with the completion of the Grove ‘A’ #2 well and the drilling and completion of the next Grove ‘A’ well, the #3. Along with maintaining its current production Operating is actively acquiring additional leases in an effort to maximize production and improve cash flow.
