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02 05, 2013 by The Advocate
Tuscaloosa Marine Shale specialist Amelia Resources LLC announced Monday that it is helping to market the mineral rights of 40,000 acres in southwestern Mississippi that fall within the Tuscaloosa Marine Shale formation that stretches across the middle of Louisiana into Mississippi.
Amelia Resources, based in The Woodlands, Texas, said it will host a “data room” to market the mineral rights to the acreage.
The data room, where bidders can go online to get a more detailed look at the properties, will open in late February with bids due April 15.
“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,” Amelia President Kirk Barrell said in a news release.
Last month, Amelia Resources announced it had been hired to host a data room for 47,300 acres in the Tuscaloosa Marine Shale. The bids for that acreage are due the first week of March. Amelia Resources did not disclose who its clients are.
Monday’s announcement is the third time in the past month that a large block of Tuscaloosa Marine Shale acreage has been listed for sale. Last week, Devon Energy Corp. announced it planned to sell 297,000 acres of leases it owns in the shale.
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