Amelia Resources LLC Announces the Sale of its Cotton Valley Asset in Ruston Field, Louisiana

Source Press Release
Company Amelia Resources LLC 
Tags Asset Deals, Deals, Tight Gas & Liquids, Upstream Activities
Date November 10, 2014

Amelia Resources LLC announces the sale of its working interest position in Ruston Field, Lincoln Parish, Louisiana.

Amelia Resources announced today that it has sold its working interest in Ruston Field in Lincoln Parish, Louisiana.

Amelia’s President, Kirk Barrell, said, “We’re excited to monetize a natural gas asset at an attractive price and look forward to continued success in the project with our royalty interest. Wildhorse Resources LLC and Memorial Resource Development Corp. continue to improve and expand the deep Cotton Valley play across Lincoln Parish.”

With 17 years of experience in the Cotton Valley trend, Amelia Resources has evaluated over 1,025 wells across the area. The company focused on Ruston Field in 2006, originally targeting Cotton Valley’s proven undeveloped locations with vertical completions.

Amelia Resources was the original generator of the prospect and provided technical expertise during the lease acquisition and development drilling phase of the project. Barrell stated, “After holding this asset for several years, we now have the opportunity to increase our investment in our 3000′ horizontal oil project in South Louisiana.”

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