Amelia Resources LLC Announces the Sale of Delaware Basin Mineral Interests in Reeves and Culberson Counties, Texas

Source Press Release
Company Amelia Resources LLC 
Tags Assets for Sale, Shale Oil, Shale Gas, Wolf Camp, Unconventional Resources, Upstream Activities
Date September 21, 2016

Amelia Resources LLC announces the sale of mineral rights in Reeves and Culberson Counties, Texas.

Amelia Resources announced today that it is commencing the process of marketing mineral rights on 793 net acres under 14,969 gross acres in Reeves and Culberson Counties, Texas.

Amelia’s President, Kirk Barrell, said, “The Permian Basin continues to attract significant attention due to its stacked world-class unconventional reservoirs. With continued success in the Wolfcamp, the Delaware is experiencing escalating valuations. Apache’s recent announcement regarding large potential in the Woodford and Barnett Formations adds to the increased interest.”

Over the past five years, Amelia Resources has raised $49 million of capital and facilitated the closing of $97 million of transactions in the Eagle Ford, TMS, and Midland Basin.

In August, Amelia Resources facilitated the closing of a mineral interest sale in the Midland Basin at a top-of-the-market valuation. Barrell stated, “For mineral owners, the renewed focus on the Permian Basin presents an excellent opportunity to monetize part or all of their interests. This offering, with 67 individual tracts, presents an excellent opportunity for an acquirer to obtain a position spread across the Wolfcamp and Alpine High plays under the best operators in the basin.”

Amelia Resources LLC is a privately held exploration and production company. The company generates drilling prospects, represents mineral owners, and is actively engaged in several projects across the onshore Gulf Coast and the Permian Basin. Amelia was founded in 2003 by Kirk Barrell and has offices in The Woodlands, Texas, 30 miles north of Houston. The company leverages its 30 years of geological and geophysical experience to obtain strategic positions in drilling projects.

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