"Marfa Girl" was up against 15 other world-premiere films for the award.
The movie -- which was produced by Larry Clark -- was filmed in Marfa and Presidio County.
"Marfa Girl" cuffers the subject of the underground life of teenagers in small-town West Texas.
The movie includes scenes of sex, rape, and a confrontation with a Border Patrol agent gone bad.
"Marfa Girl" was released on Tuesday on larryclark.com.
The movie reportedly won't be released in movie theaters or on DVD or BluRay.