Amelia Resources LLC Announces the Sale of 50,000 Net Acres in the Tuscaloosa Marine Shale
Published: Aug 19, 2014 10:33 a.m. ET
THE WOODLANDS, Texas, Aug 19, 2014 (BUSINESS WIRE) -- 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."
Amelia Resources LLC is a privately held exploration and production company. The company generates drilling prospects and is actively engaged in several projects across the onshore Gulf Coast. Amelia was founded in 2003 by Kirk Barrell and has offices in The Woodlands, Texas, 30 miles north of Houston. The company leverages its 27 years of geological and geophysical experience to obtain strategic positions in drilling projects. Updates on the TMS are provided by the company at www.tuscaloosatrend.blogspot.com.
CAUTIONARY STATEMENT: This press release contains certain forward-looking statements regarding various oil and gas discoveries, oil and gas exploration, development and production activities, anticipated and potential production and flow rates and the economic potential of properties. Accuracy of these forward-looking statements depends on assumptions about events that change over time and is thus susceptible to periodic change based on actual experience and new developments. Amelia Resources LLC cautions readers that it assumes no obligation to update or publicly release any revisions to the forward-looking statements in this press release and, except to the extent required by applicable law, does not intend to update or otherwise revise these statements more frequently than quarterly. Important factors that might cause future results to differ from these forward-looking statements include adverse conditions such as high temperature and pressure that could lead to mechanical failures or increased costs, variations in the market prices of oil and natural gas, drilling results, unanticipated fluctuations in flow rates of producing wells, oil and natural gas reserves expectations, the ability to satisfy future cash obligations and environmental costs, and other general exploration and development risks and hazards.
SOURCE: Amelia Resources LLC
Kirk A. Barrell, 281-798-6741
I emailed Business Wire, which published the article, to ask for clarification. Their response was as follows: "Please reach out to the media contact on the release for clarification. Contact information is attached for your convenience. Kirk A. Barrell, 281-798-6741" Business Wire did not appear to have used any due diligence at all when passing on the press release from Amelia. I guess that makes sense, given the nature of what Business Wire's service is all about. So, I guess I can't believe everything I read on the internet. :-)
Amelia and Kirk Barrell have become the de facto middleman of preference in marketing TMS acreage. The leasehold could be that of any number of companies speculating in TMS leases. And may include some leases taken by Amelia Resources.
In the past Amelia Resources has assigned numerous leases to various operating companies. They haven't made any public announcements associated with those assignments because none is warranted. When the company publicizes a sale I think they are acting as a middle man to market the acreage of a client.
Ditto on that. It doesn't pass my smell test. Seems like a "marketing technique". I will blame it on Kirk's advertising consultants.
One or more articles that I recall when Amelia was acting as a middleman and hosting a data room in the past had similar language. I agree it's not accurate but don't think it's a big deal. IMO no one can market TMS prospective acreage better than Kirk can. He's been doing it for a long time. For me the more important issue is trying to educate mineral owners so they don't lease to speculators at terms less than what I think they might otherwise get from an operator.