THE WOODLANDS, Texas--(BUSINESS WIRE)--Amelia Resources LLC today announces the availability for sale of mineral rights in 40,000 net acres in southwestern Mississippi.
“The existence of one hundred twenty (120) square miles of commercially available three dimensional seismic surveys across the minerals makes this an exciting acquisition. Multiple prospective horizons with proven seismic-identifiable characteristics are an intriguing combination.”
Amelia Resources announced today that it has been retained as a technical consultant to host a data room to market mineral rights across 40,000 net acres (73,000 gross acres) in the updip oil window of the Tuscaloosa Marine Shale (“TMS”) play. The data room will open in late February with bids due April 15, 2013.
Amelia's President, Kirk Barrell, said: "It’s rare to have the opportunity to market a large block of unleased mineral rights across a mature producing trend. These interests present a buyer the opportunity to have exposure to the emerging Tuscaloosa Marine Shale Play along with additional targets in the Tuscaloosa sands, Wilcox, and Frio. The minerals are located within the prolific oil-rich Wilcox sand play of southwestern Mississippi.”
With twenty-three years of experience across the Tuscaloosa Trend, the company has evaluated over 800 wells 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 areas in multiple producing horizons.
Amelia’s client has a long track record with the petroleum industry. Barrell stated, "The existence of one hundred twenty (120) square miles of commercially available three dimensional seismic surveys across the minerals makes this an exciting acquisition. Multiple prospective horizons with proven seismic-identifiable characteristics are an intriguing combination."
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, thirty miles north of Houston. The company leverages its 25 years of geological and geophysical experience to obtain strategic positions in drilling projects. Updates on the Tuscaloosa Marine Shale and Austin Chalk projects 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.