Amelia Resources LLC Announces the Sale of 138,000 Net Acres in the Tuscaloosa Marine Shale

Source Press Release
Company Amelia Resources LLC 
Tags Unconventional Resources, Deal Rumours, Shale Oil, Shale Gas, Tuscaloosa Marine, Upstream Activities
Date May 12, 2014

Amelia Resources LLC announces the sale of 138,000 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 138,000 net acres in the Tuscaloosa Marine Shale (TMS) play. The data room will open on May 19, 2014.

Amelia's President, Kirk Barrell, said, "Recent results have created a lot of interest in the TMS play. Drill times have greatly improved along with a decrease in associated costs. We’re excited to have the opportunity to market the only remaining large aggregate block of acreage in the play. We believe that the repeatability and economics of this play will be extremely competitive with other U.S. oil plays.”

With 23 years of experience across the Tuscaloosa Trend, the company has evaluated over 1,000 wells in the TMS across Louisiana, Mississippi, and Texas. Utilizing a diverse dataset of well logs, geochemistry, seismic, and petrophysics, the company has confirmed and defined the most economically attractive areas of the play.

Amelia’s clients have secured large acreage blocks spread across the heart of the play. Barrell stated, "The initial potentials, production volumes, and decline curves indicate large recoverable reserves in the range of 400-900 MBOE. The play economics, consistency of the reservoir, and resulting reserves will make this a very competitive play for years to come."

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd