Wednesday, April 4, 2018

Advocate Austin Chalk Article


The Advocate's article from today.

http://www.theadvocate.com/baton_rouge/news/business/article_7ca96c26-3811-11e8-abb2-cbae3d7f7832.html

Tuesday, April 3, 2018

ConocoPhillips Announcement

ConocoPhillips made it official confirming their acreage position in the Louisiana Austin Chalk Play.
This week the company mailed out pre-application notices for drilling units.  It is believed that they will start drilling in the 4th quarter.

ARTICLE - click here

Monday, February 26, 2018

KATC Coverage of The Austin Chalk

Well they got most of it correct. I never made any statements about Tangipahoa and Washington Parishes. He must have confused me with the Australians!
Let's hope that they know something we don't know.

Keep the faith!
Click here for the full story


Tuesday, February 6, 2018

Amelia Resources LLC announces the marketing of 222,000 net acres in the Louisiana-Mississippi Austin Chalk Play

NEW ORLEANS, LA, February 6, 2018 – Amelia Resources LLC announces the marketing of 222,000 net acres in the Louisiana-Mississippi Austin Chalk Play.

Amelia Resources announced today that it will commence the marketing of 222,000 net acres in the Louisiana-Mississippi Austin Chalk Play at the NAPE Summit in Houston, Texas, February 7.

Amelia's President, Kirk Barrell, said, "This play continues to gain attention and is experiencing escalating lease prices. Our second lease package presents an excellent opportunity for a new player to obtain a significant position in the Louisiana-Mississippi Stack Play (“LAMS Stack”) where the Austin Chalk and TMS occur 700-1300 feet apart.”

With 27 years of evaluation experience in the Tuscaloosa Trend, Amelia Resources has performed extensive evaluation of multiple targets including the Selma, Austin Chalk, TMS, Tuscaloosa, and Lower Cretaceous.

Barrell stated, "With oil prices in the $65 per barrel range, this stack play presents an excellent opportunity to leverage multiple targets.” With two large independents leading the charge in the play, many players are commencing evaluation of this potential resource play.

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 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

Media Contact:
Kirk A. Barrell                
281-798-6741
5500 Prytania Street, #416, New Orleans, LA 70115
 



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. 

https://www.oilandgas360.com/amelia-resources-llc-announces-the-marketing-of-222000-net-acres-in-the-louisiana-mississippi-austin-chalk-play/

Tuesday, January 30, 2018

University of Louisiana Lafayette TMS Research Grant

A belated congratulations to Dr. Mehdi Mokhtari and his team in the UL Lafayette’s Department of Petroleum Engineering for their receipt of a large grant to research the Tuscaloosa Marine Shale (TMS).  Dr. Mokhtari has assembled a great multi-discipline team from multiple universities and research centers. The $9.7 million grant will fund a research focus on increasing the understanding of the reservoir and its resultant effect on economics and the environment.
I look forward to further collaboration with Dr. Mokhtari and his team.

https://louisiana.edu/news-events/news/20180118/97-million-grant-fuels-creation-oil-and-gas-consortium-ul-lafayette

Wednesday, January 3, 2018

Amelia Resources LLC Announces the Sale of 85,000 Net Acres in the Louisiana Austin Chalk Play


https://www.businesswire.com/news/home/20180103006307/en/Amelia-Resources-LLC-Announces-Sale-85000-Net


January 03, 2018 05:00 PM Central Standard Time
NEW ORLEANS--()--Amelia Resources LLC announces the sale of 85,000 net acres in the Louisiana Austin Chalk play.


Amelia Resources announced today that it has sold 85,000 net acres of newly acquired leases in the Louisiana Austin Chalk play to an undisclosed large U.S.-based operator for $87 million.

Amelia's President, Kirk Barrell, said, "With the rapid emergence of this exciting new play, this focused package of leases presents a large new player an excellent acreage foundation to build upon. Frac design improvements in the Austin Chalk of Texas along with very high initial flow rates are bringing more attention to this play across both Texas and Louisiana. We are excited to deliver an operator to the play with significant experience in drilling and completing these same reservoirs in Texas.”

With 27 years of experience across the Tuscaloosa Trend, Amelia Resources has evaluated over 2,000 wells in the Austin Chalk across Texas and Louisiana. 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 buyer has acquired this large acreage block in the updip, normally pressured region of the play. Barrell stated, "Our acreage block is geologically focused targeting a shallower, normally pressured, oil-rich, porous reservoir across unfaulted monoclinal dip. With the Tuscaloosa Marine Shale (TMS) occurring 700 feet below the Austin Chalk, the updip region of the play presents a potential ‘stack play’ opportunity.”  The company plans to debut a second large acreage package at the NAPE Summit in Houston, February 5–9, 2018.

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 New Orleans and St. Francisville, Louisiana. The company leverages its 27 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.
Media Contact:
Kirk A. Barrell                
281-798-6741
5500 Prytania Street, #416, New Orleans, LA 70115
 



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.