Buyers and Sellers: Amelia Resources and TÜV SÜD

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Source: DollarPhotoClub

On Tuesday, Amelia Resources LLC announces the sale of 50,000 net acres in the Tuscaloosa Marine Shale play.

Amelia Resources has announced that it has been retained as a technical consultant to market 50,000 net acres of newly acquired leases in the Tuscaloosa Marine Shale (TMS) play. The company generates drilling prospects and is actively engaged in several projects across the onshore Gulf Coast.

Amelia’s President, Kirk Barrell, said, “With the play continuing to be de-risked, this focused package of leases on the eastern side of the play presents a new player an excellent opportunity to quickly commence a drilling program. Drilling improvements, along with high initial flow rates, are bringing more attention to this oil play. We believe that the repeatability and economics of the play will be extremely competitive with other U.S. oil plays.”

With 23 years of experience across the Tuscaloosa Trend, the company has evaluated over 1,000 wells in the TMS across Louisiana, Mississippi, and Texas. 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 client has secured a large acreage block in a very active and competitive part of the play. Barrell stated, “Now that areas of the play are considered de-risked, this acreage block presents itself as a very attractive acquisition for an operator wanting to control their destiny in the play. Unit applications and well permits are increasing dramatically.”

TÜV SÜD acquires RCI Consultants

TÜV SÜD – an international technical service organization catering to the industry, mobility and certification segments – has announced the strategic acquisition of RCI Consultants Inc., located in Houston, Texas. The move will result in expanding the company’s suite of services for the oil and gas industries.

RCI Consultants specialise in consultancy services, assisting their clients in development, construction, and installation of production facilities as well as long-distance transportation pipelines utilized for the oil and natural gas industries.

“We aim to further complement our suite of services for the oil and gas industry in the coming years”, says Karsten Xander, Member of the Board of Management of TÜV SÜD AG. “The acquisition of RCI Consultants is an important milestone on the route to reaching this goal. It serves as a door-opener to the upstream market for the exploration and production of oil and gas, and significantly expands our portfolio of services in the midstream market for long-distance transportation and refining.”

So far, TÜV SÜD’s service offer has focused primarily on companies in the downstream sector of the oil and gas industry, which includes the refining of crude oil. In this sector, the technical services group expanded its portfolio of services, reinforcing its presence in the important US market as early as in 2007 by acquiring US company PetroChem Inspection Services.

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