Exploration & Production | Top Story | Deals - Property For Sale
Amelia Resources Puts 50,000 TMS Acres Up for Sale
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Amelia Resources LLC announces the sale of 50,000 net acres in the Tuscaloosa Marine Shale play.
Amelia Resources announced today that it has been retained as a technical consultant to market 50,000 net acres of newly acquired leases in the Tuscaloosa Marine Shale (TMS) play.
Amelia's President, Kirk Barrell, said, "With the play continuing to be derisked, this focused package of leases on the eastern side of the play presents a new player an excellent opportunity to quickly commence a drilling program. Drilling improvements, along with high initial flow rates, are bringing more attention to this oil play. We believe that the repeatability and economics of the 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 client has secured a large acreage block in a very active and competitive part of the play.
Barrell stated, "Now that areas of the play are considered derisked, this acreage block presents itself as a very attractive acquisition for an operator wanting to control their destiny in the play. Unit applications and well permits are increasing dramatically."