Monday, February 11, 2019

NAPE SUMMIT 2019 - 400,000 ACRES - AUSTIN CHALK & LAMS STACK PLAY

Stop by and visit us at NAPE this week. BOOTH 4131

Amelia Resources LLC Offers 400,000 Net Acres in the 

Louisiana Austin Chalk & LAMS Stack Play at the 

NAPE Summit

NEW ORLEANS--()--Amelia Resources LLC announces the offering of 400,000 net acres in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit.
“EOG, ConocoPhillips, and Marathon are leading the industry into this emerging unconventional play. 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.”
Tweet this
Amelia Resources announced today that it will be offering 400,000 net acres for sale in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit in Houston, Texas, February 13.
Amelia's President, Kirk Barrell, said, "EOG, ConocoPhillips, and Marathon are leading the industry into this emerging unconventional play. 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.
Barrell stated, "As a thick source rock across the Tuscaloosa Trend, the Austin Chalk presents a large hydrocarbon resource occurring only 800’ above the Tuscaloosa Marine Shale (TMS). With a new TMS initial test of 1458 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 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. The company has closed $300 million of transactions in the TMS, Eagle Ford, Permian, Austin Chalk, and Terryville Plays over the past seven years. Amelia was founded in 2003 by Kirk Barrell and has offices in New Orleans and St. Francisville, Louisiana. The company leverages its 33 years of geological and geophysical experience to obtain strategic positions in drilling projects. Updates on the Austin Chalk and TMS projects are provided by the company at: www.tuscaloosatrend.blogspot.com
CLICK HERE FOR PRESS RELEASE

Wednesday, January 30, 2019

Australis Announces Drilling Results in the LAMS Stack Play


Australis Oil and Gas announced their 2018 4th quarter TMS well results. 
Here are the well updates in Amite County, Mississippi:

  • Stewart 30H-1: 
    • 1458 boepd (IP)
    • 1248 boepd (IP30)
    • 18/64 choke
    • 6850' completed lateral
    • 30 day cumulative: 37,425 boe (35,302 bo)
    • $10.3 million (drill, complete, tie-in, artificial lift installation)
  • Bergold 29H-2:
    • Drilling issues in the lateral
    • 2000' lateral length
    • 6 stages
    • Remedial operations underway to establish flow parameters
  • Taylor 27H-1:
    • 6800' lateral length
    • awaiting completion operations
  • Williams 26H-2:
    • Drilling lateral at 13095' MD
  • Saxby 03-10 2H:
    • Surface hole drilled
  • Quin 41-30 3H:
    • Surface hole drilled
The Stewart 30H-1 represents an excellent result. A 1458 boepd initial potential with a 30 day average of 1248 boepd and a $10.3 million well cost presents competitive economics with other unconventional plays.  The Taylor 27H-1 will be closely watched for repeatability.  The Bergold 29H-2 represents drilling inexperience in the trend. Drilling results should improve over time.  Their remaining $65 million from the Macquarie credit facility is contingent upon success.  After a 50% drop in their stock price, I'm sure their investors are hoping for continued success.





PRESS RELEASE
CLICK HERE

Sunday, November 11, 2018

Active Drilling

There are currently three active rigs across Central Louisiana and Mississippi, two of which fall within the boundaries of the LAMS Stack Play.  Marathon, operating under Southwind Oil & Gas, is drilling an Austin Chalk well in Rapides Parish.  The Crowell LM 30-1 has a planned TVD of 15948'.  The company has acquired over 220,000 acres in the area.

ConocoPhillips is drilling in southwestern East Feliciana Parish for the Austin Chalk. The McKowen #1 has a planned TVD of 15500'. ConocoPhillips has assembled approximately 230,000 acres across the play. 

The Marathon well is located in the northeastern corner of the downdip or "D fairway" of the LA-West region.  The ConocoPhillips McKowen #1 is in the in the updip "C fairway" of the LA-East region .  ConocoPhillips has a second well permitted also in the "C fairway".

Australis, a small penny stock on the Australian Stock Exchange (ASX), is drilling a Tuscaloosa Marine Shale (TMS) in Amite County, Mississippi.  The company plans to drill 2-4 consecutive wells.




Monday, November 5, 2018

Austin Chalk Trend - Regions & Fairways

The Austin Chalk Formation extends all of the way across the Gulf Coast into Mexico and the Gulf of Mexico.  The formation is present across a massive area, yet historically it has only produced in areas where the chalk is naturally fractured and charged with hydrocarbons.  The current play concept is to perform high-proppant fracs in areas with thick hydrocarbon-saturated matrix porosity. The Austin Chalk is believed to be sourced mostly by the Eagle Ford in Texas, while it self-sources in the Tuscaloosa Trend of Louisiana.

Several prominent geological features have structural influence on the regional geology in the trend. The Llano and Sabine Uplifts are significant and caused regional structural nosing in the downdip orientation.  The San Marcos and LaSalle Arches have local impact in a similar fashion.

As significant, is the influence that the Fredericksburg Shelf Edge has on the structure, deposition, depth, temperature, and pressure of the Austin Chalk across the onshore Gulf Coast. This shelf edge, also referred to as the Edwards Formation, is Lower Cretaceous in age and is present below the Buda/Washita Formation.  The shelf edge, similar to the modern day Great Barrier Reef in Australia, causes a steep structural dip change down into the basin that alters the environment for hydrocarbon generation and geologic structure.  




For the purpose of making comparison and contrast of the geology and drilling results, I have created five geographic regions across the play: TX-South, TX-Central, TX-East, LA-West, and LA-East.  The regions are oriented parallel to the Fredericksburg Shelf Edge.  The boundaries are purely geographic except that they parallel the shelf edge.  These regions will be used to compare and contrast the geology, drilling, completions, and production as this play progresses.  In addition, I have created four strike-trending fairways that parallel the shelf edge (A, B, C, and D).  These are geographic, yet will provide a context to compare and contrast the geology and results across the play. Fairways A, B, and C are updip to the shelf edge, while Fairway D is downdip.




The LAMS Stack Play exists mostly in the LA-East Region.  This play presents stacked targets of the Selma Chalk, Austin Chalk, and the Tuscaloosa Marine Shale (TMS).  



Salt domes can also play a role in localized areas across the trend. Piercement domes and ridges affect structure, stratigraphy, and potentially hydrocarbon migration. 

The boundaries of TX-East, LA-West, and LA-East align with dip-trending structural arches.  The Sabine Uplift results in structural nosing along the TX-LA state line.  The LaSalle Arch causes significant structural nosing in the downdip direction.  The eastern boundary of LA-East is bounded by the Hancock County Arch.  This feature causes regional structural nosing downdip into the Lake Borgne area of Louisiana.






I have divided all five regions into sub-regions updip and downdip.  Because of its structural significance, I have used the shelf edge as the dividing point.
















Friday, October 5, 2018

Austin Chalk & LAMS Stack Plays

The Austin Chalk formation has produced over 2.4 billion barrels equivalent across the Gulf Coast in Texas and Louisiana.  The bulk of the production to date has come from Texas.  Giddings Field at 1.38 billion barrels equivalent is the "giant" of the play. 

Almost all of the production in Texas occurs north and updip of the Fredericksburg Shelf Edge (Edwards). In Louisiana, the largest field to date, Masters Creek, producings predominantly south of the shelf edge.  Historically, this fact might have misled explorers to overlook the updip potential in Louisiana on trend with Giddings Field in Texas.

In the eastern part of the Louisiana Austin Chalk Play, the Tuscaloosa Marine Shale (TMS) occurs below the Austin Chalk providing a "stacked" target opportunity.  This same stack occurs in South Texas with the Austin Chalk and Eagle Ford Shale (same geological age as the TMS).  Stack plays present a better risk profile or "odds" for success.  I've named the stack in the eastern portion of Louisiana as "The Louisiana-Mississippi Stack Play" (LAMS).  

Over four years of improvement in hydraulic fracturing (frac) design presents a very interesting opportunity to revisit the TMS target.  With 83 completions, the TMS is a proven oil/gas resource with established production profiles.  Improved frac design along with lower drilling and completion costs could re-ignite this play in parallel with the exploration of the Austin Chalk above it.