Amelia Resources LLC Announces the Sale of 40,000 Net Acres in the Louisiana Austin Chalk and Lams Stack Plays

Source Press Release
Company Amelia Resources LLC 
Tags Asset Deals, Deals, Tight Gas & Liquids, Shale Oil, Shale Gas, Unconventional Resources, Upstream Activities
Date August 13, 2018

Amelia Resources LLC announces the sale of 40,000 net acres in the Louisiana Austin Chalk and LAMS Stack plays.

Amelia Resources announced today that it has sold 40,000 net acres of newly acquired leases to an undisclosed U.S.-based buyer. The acreage block is located in the core of the Louisiana-Mississippi (LAMS) Stack Play on the eastern side of the Louisiana Austin Chalk trend.

Amelia's President, Kirk Barrell, said, “With consistent higher oil prices, the stacking of the Austin Chalk and Tuscaloosa Marine Shale (TMS) make for a very attractive target. Continued success in the Texas Austin Chalk and comparable matrix porosity across Louisiana and Mississippi present an excellent opportunity for expansion into a new play. We are excited to bring another new player to the region.”

Amelia’s buyer focused where both the Austin Chalk and TMS have robust reservoir characteristics. Barrell stated, “We already have some of the best U.S. operators committed to the play in EOG, ConocoPhillips, and Marathon. With their significant experience in the same geologically-aged reservoirs in Texas, we have high hopes for the future of this stack play.”

With 28 years of experience across Central Louisiana and Mississippi, Amelia Resources has evaluated over 1,800 wells in the Austin Chalk from Mexico to Mississippi. Utilizing a diverse dataset of well logs, petrophysics, geochemistry, seismic, and gravity, the company has pursued the most geologically and economically attractive areas of the play.

The company plans to debut 394,000 additional acres this week at the Summer NAPE in Houston, August 14-17, 2018.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd