Nov 13 - Amelia Resources LLC Announces an Update on Acreage Sales in the Tuscaloosa Marine Shale

Source Press Release
Company Amelia Resources LLC 
Tags Deal Rumours, Shale Oil, Shale Gas, Tuscaloosa Marine, Upstream Activities
Date November 12, 2013

Amelia Resources, LLC announces an update on the status of acreage sales in the Tuscaloosa Marine Shale (TMS) play.

Amelia Resources announced today that it has facilitated the sale of over 95,000 acres in the TMS play. The company has served as a consultant hosting a data room and marketing large acreage blocks in the TMS. Amelia is marketing 85,000 additional acres that represent the last remaining large acreage block available in the play.

Amelia’s President, Kirk Barrell, said, “The TMS play continues to gain momentum with additional drilling and acreage acquisitions. Recent announcements by TMS operators indicate that there will be a significant increase in capital invested and drilling across the play in 2014.”

With 23 years of experience across the Tuscaloosa Trend, Amelia Resources, LLC has evaluated over 1,000 wells in the TMS across Louisiana, Mississippi, and Texas.

Barrell stated, “Wells such as Goodrich’s Crosby 12H-1 illustrate that this unconventional reservoir has the ability to produce prolific amounts of oil in a short period of time. As in all unconventional plays, costs and operational challenges will decrease through time. 2014 will be an exciting time for this play as it moves to development mode and new operators enter the project.”

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd