Amelia Resources’ Deal Latest To Refresh Mothballed Louisiana Austin Chalk

Amelia Resources LLC will sell 85,000 net acres in the Louisiana Austin Chalk as the play enjoys a resurgence among operators and sparks of A&D activity and leasing activity.

The Woodlands, Texas, company said Jan. 3 that a large U.S.-based operator, which it did not identify, purchased the assets for $87 million. Executives at Amelia could not immediately be reached for comment.

Amelia’s President Kirk Barrell said in a news release the company sold its acreage position after only “recently acquiring” it…

 

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