Amelia Resources LLC has announced the sale of 47,300 net acres in the Tuscaloosa Marine shale play.
Amelia Resources has been retained as a technical consultant to host a data room to market 47,300 net acres in the Tuscaloosa Marine shale 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 23 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."
Recommended Reading
Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
2025-03-07 - Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby.
E&P Highlights: Jan. 21, 2025
2025-01-21 - Here’s a roundup of the latest E&P headlines, with Flowserve getting a contract from ADNOC and a couple of offshore oil and gas discoveries.
Expand Lands 5.6-Miler in Appalachia in Five Days With One Bit Run
2025-03-11 - Expand Energy reported its Shannon Fields OHI #3H in northern West Virginia was drilled with just one bit run in some 30,000 ft.
E&P Highlights: Feb. 18, 2025
2025-02-18 - Here’s a roundup of the latest E&P headlines, from new activity in the Búzios field offshore Brazil to new production in the Mediterranean.
E&P Highlights: Feb. 3, 2025
2025-02-03 - Here’s a roundup of the latest E&P headlines, from a forecast of rising global land rig activity to new contracts.