Amelia Resources is offering of 400,000 net acres in the Louisiana-Mississippi Austin Chalk and Louisiana-Mississippi Stack Play.
“EOG, ConocoPhillips, and Marathon are leading the industry into this emerging unconventional play,” Amelia President, Kirk Barrell says. “With comparable rock properties to the successful Austin Chalk completions in Texas, our acreage package presents the opportunity for a new entrant to obtain a leadership position in the play.”
With 28 years of evaluation experience in the Tuscaloosa Trend, Amelia Resources has performed extensive evaluation of multiple targets including the Selma, Austin Chalk, TMS, Tuscaloosa, Wilcox, Frio, and Lower Cretaceous.
“As a thick source rock across the Tuscaloosa Trend, the Austin Chalk presents a large hydrocarbon resource occurring only 800 feet above the Tuscaloosa Marine Shale,” Barrell says. “With a new TMS initial test of 1,458 barrels of oil equivalent per day at a cost of $10.3 million, these stacked formations present an excellent opportunity to leverage multiple targets.”
Amelia Resources is a privately held exploration and production company with offices in New Orleans and St. Francisville. The company generates drilling prospects and is actively engaged in several projects across the onshore Gulf Coast. The company has closed $300 million of transactions in the TMS, Eagle Ford, Permian, Austin Chalk, and Terryville Plays over the past seven years. Founded in 2003, the company leverages its 33 years of geological and geophysical experience to obtain strategic positions in drilling projects.