Acoma Scores Using Trusty Playbook (August, 2015)

Denver, CO. August, 2015
In 2011, area production data around Andrews County, Texas began to pique the interest of Acoma Energy. “We saw an opportunity inside a certain piece of the County that looked like it could use some further development,” said owner Matthew Anderson. The company laid the groundwork by leasing contiguous mineral tracts within the prospect area and then partnering with San Antonio based operator, Forge Energy, for the extraction process. Five wells came on strong in 2014 clearing a confident path for a robust schedule of future drilling. In early Spring, 2015, Acoma successfully divested its remaining interest in the prospect in order to redouble efforts elsewhere in the Permian Basin, and to honor mineral purchases and leasehold obligations in Colorado’s DJ Basin. Anderson likes the strategy: “This is what Acoma wants to do — organically grow the prospect, develop it with a prudent operating partner and, ultimately, liquidate the assets to generate revenue and continue to build new prospects.”

Acoma Energy

Acoma Energy