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
Tuesday, January 30, 2018
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
NEW ORLEANS--(BUSINESS WIRE)--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.
Subscribe to:
Posts (Atom)