Jan 13 - Amelia Resources LLC Announces Intention to Sell 47,300 Net Acres in the Tuscaloosa Marine Shale

Source Press Release
Company Amelia Resources LLC 
Tags Unconventional Resources, Shale Oil, Shale Gas, Tuscaloosa Marine, Deal Rumours, Upstream Activities
Date January 08, 2013

Amelia Resources LLC today announces the sale of 47,300 net acres in the Tuscaloosa Marine Shale play.

Amelia Resources announced today that it has been retained as a technical consultant to host a data room to market 47,300 net acres in the Tuscaloosa Marine Shale (“TMS”) play. The data room will open in late January with bids due the first week of March.

Amelia's President, Kirk Barrell, said: "Recent well results in the TMS are very encouraging and lead us to believe that this could be a very significant play. Our technical experience, extensive database, and long term relationships across the trend have allowed us to attract excellent joint venture partners. We’re excited to have the opportunity to market a large contiguous acreage block in the play. We believe that the economics of the play will be positive and confirmed in 2013."

With twenty-three years of experience across the Tuscaloosa Trend, the company has evaluated over 800 wells in the Tuscaloosa Marine Shale across Louisiana and Mississippi. Utilizing a diverse dataset of well logs, geochemistry, reprocessed two dimensional seismic, mudlogs, bouguer gravity, and petrophysics, the company has identified prospective "sweet spots" across the play.

Amelia’s client has secured geologically high-graded acreage in the heart of the play. Barrell stated, "The rock properties, along with key aspects of the hydrocarbon system, confirm that this substantial acreage position will provide excellent frac results and economics. In addition, we like the fact that the Austin Chalk provides a secondary target across the position."

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd