Utilizing every facet of their abilities, Acoma Energy, LLC has shifted its focus away from the congested and premium priced Permian Basin to focus on acquiring and developing oil and gas properties in the little-known Marietta Basin in Love County, OK. Situated just North of the Red River which separates Texas and Oklahoma, Acoma has identified 10,000 gross acres of land which sits in the proper geological area for the development of oil and gas reserves. In a short time, Acoma has amassed a quite sizeable leasehold position and feels the acreage is prime for development and production. Initial well results from Acoma are promising and further development will certainly assist in delineating the sweeter spots of the basin.
“Transitioning our efforts away from the Permian Basin was a bit difficult to do since we have owned and developed assets there within our company for over a decade – not to mention our family’s ownership, which spans three generations. But I just can’t make complete sense of the prices being paid in the Permian any longer – especially with deflated commodity prices. Our entrance into the Marietta Basin was strategic, aggressive, and well-executed. We are going to be able to focus our dollars on development of oil and gas reserves, not cost of entry only to be left short of drilling and development funds. I am extremely proud of our team and our abilities in this venture,” said Matthew Anderson, President of Acoma Energy, LLC.