Company Overview
Aka was formed in 2002 to engage in gathering, compressing, and processing natural gas and natural gas liquids (“NGLs”) for sale to the market. Aka first grew its asset base via acquisitions, beginning in the Denver Julesburg (DJ) Basin of Colorado and by 2005 Aka had acquired various midstream assets across Kansas, Oklahoma, New Mexico, and Texas. After a period of substantial organic growth in the company, Aka began a divestment process in 2017, culminating with sale of its final asset in 2022.
At that time, Aka was rebranded to shift its focus to develop, construct, and operate, as well as invest as a minority non-operator, in infrastructure projects that align with the transition to a low-carbon economy. Through its subsidiaries, Aka Power, LLC, and Aka-Ag, LLC, Aka pursues investment in the power generation and sustainable agriculture and textile industries, respectively.
Southern Ute Indian Tribe
The reservation of the Southern Ute Indian Tribe lies in the northern half of the San Juan Basin, just north of the Colorado/New Mexico border. In the 1990s, the Tribe built wealth and expertise in the natural gas industry based primarily on the Tribe’s substantial land ownership in the San Juan Basin coalbed methane play. Recognizing the concentration of its assets, the Tribe set about diversifying its portfolio in the late 1990s. Today, through the Southern Ute Growth Fund, the Tribe manages a diversified multi-billion dollar portfolio of investments both on and off the Southern Ute Indian Reservation, including investments in oil and gas exploration, production, and midstream services; real estate, property development, and property management; and a variety of private equity investments.