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
Interesting news. Kirk Barrell's area or zonal drawing includes some areas just south of the Mississippi River in Pointe Coupee Parish. That would be at the deep end of the play and in my estimation more "gassy" than "oil bearing" Our lease with Anadarko, etal, has expired and we have yet to hear anything about any renewals. That lease was a dual depth lease, that is different royalty rates below 16,000 (which is basically the Tuscaloosa Trend). No matter, we have no lease.
So Kirk Barrell's palaver is just that, talk. As the Chinaman said, "No tickee, no washee." And we ain't got no tickee at the moment. All we have out on Pointe Coupee is river front property and a warm feeling.
I suspect that mineral owners on the eastern end of the play area will find the sale of greater interest.
A number of new LA TMS unit applications are joining the hearing schedule docket this morning. Two by Comstock in the NE Greensburg Field, St. Helena, two Goodrich in the LIttle Silver Creek Field, Tangipahoa and Washington parishes and one for Halcon in the Beech Grove Plantation Field, E Feliciana.
What a croc full of bs from the Woodlands. Everybody who hasn't already plunked a wad of money down on rights in the mud-bound East TMS play is watching the EOG 25H TMS spud in Vernon Parish like a bunch of vultures waiting for a carcass to fall from the sky. Imagine the leasing frenzy that will occur if the well plays favorably. All those carbonaceous acres in West Louisiana just waiting to be plucked...
Amelia Resources has been trying to sell acreage blocks in the TMS for over a year and I don't think that they have sold one yet. Just like in housing it is much easier to put your house up for sale than it is to close the sale at the price you want. Along with the KEW acreage that is for sale, it will be interesting to see if they can find acceptable bids.
Amelia Resources has been leasing and assigning TMS leases much longer than a year. And they have successfully assigned the bulk of the leases they hold and marketed the leases of others as far as I know.
I don't recall them ever announcing a successful sale. Their news releases always announce a sale, but what they are really announcing is their being retained to sell acreage for a client and opening of a data room for interested buyers. If they have negotiated any block transfers in the TMS, I would like to know how much they got per acre. Anyone know?
Actually, in May 2014 Amelia previously reported the sale 138,000 net acres.
I don't think they actually sold the 138k acres in May, but they could have since then. I didn't hear about it if they did. The news release heading was worded like it sold, but the release actually says they were just retained to sell the acreage for a client.
Amelia Resources LLC Announces the Sale of 138,000 Net Acres in the Tuscaloosa Marine Shale
but in the body of the release:
"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."
Wow. Good catch. The title and first sentence of the article state: "Amelia Resources LLC announces the sale of 138,000 net acres in the Tuscaloosa Marine Shale play." But the very next sentence suggests they were retained to market the acreage. Confusing.
Only reason I caught that is they did the same thing the last time they were retained to sell acreage. They fooled me with the headline then.
Confusing, evasive and deceitful. Just like landmen who purport to be from some E&P company, only to find out they are independents with no particular affiliation. They're trying to ride the coattails of the Big Boys at no cost.
real cs stuff. as said by dcm before, good catch.
i think one would be well advised to review their data room data/materials very, very closely.