Acoma Energy Continues Strong Presence of Operations and Leasehold on Central Basin Platform (October, 2014)

DENVER, CO (October 1, 2014)—Acoma Energy has strategically located and acquired at least 8,000 net acres of potentially productive leasehold located on the Central Basin Platform of the Permian Basin (Andrews, Gaines and Ector Counties, TX) for the development and production of what is believed to be significant oil reservoirs trapped in conventional geological structures throughout the permian time period.  A drilling partner has been identified and agreed to a development plan for all of the acreage in which Acoma Energy will have a variable working interest of some kind.  Allowing the operator to manage the properties is key in development, however, finding a great operator with whom to partner is at least half the battle to gaining confidence in the prospect for the mineral owners and us.  As Acoma and their partners have steered clear of the dry-hole, founder and owner of Acoma conservatively states, “Two things to attribute to our success: 1) We work on smaller tracts of land, piece by piece ensuring that every well we drill has the highest potential for success.  We don’t have to answer to Private Equity partners that demand massive amounts of potentially unproductive tracts of land, we have to answer to ourselves and our commitment to putting together the best prospect possible. 2) Working with operators who know what they are doing.  We keep our friends close and our operators closer.”

Acoma Energy

Acoma Energy