Amelia Resources LLC Announces the Marketing of 222,000 Net Acres in the Louisiana-mississippi Austin Chalk Play

Source Press Release
Company Amelia Resources LLC 
Tags Tight Gas & Liquids, Unconventional Resources, Assets for Sale, Deals, Upstream Activities
Date February 06, 2018

Amelia Resources LLC announces the marketing of 222,000 net acres in the Louisiana-Mississippi Austin Chalk Play.

Amelia Resources announced today that it will commence the marketing of 222,000 net acres in the Louisiana-Mississippi Austin Chalk Play at the NAPE Summit in Houston, Texas, February 7.

Amelia’s President, Kirk Barrell, said, “This play continues to gain attention and is experiencing escalating lease prices. Our second lease package presents an excellent opportunity for a new player to obtain a significant position in the Louisiana-Mississippi Stack Play (“LAMS Stack”) where the Austin Chalk and TMS occur 700-1300 feet apart.”

With 27 years of evaluation experience in the Tuscaloosa Trend, Amelia Resources has performed extensive evaluation of multiple targets including the Selma, Austin Chalk, TMS, Tuscaloosa, and Lower Cretaceous.

Barrell stated, “With oil prices in the $65 per barrel range, this stack play presents an excellent opportunity to leverage multiple targets.” With two large independents leading the charge in the play, many players are commencing evaluation of this potential resource play.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd