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