Amelia Resources LLC is hosting a data room through Monday (May 19) to market 138,000 net acres in the Tuscaloosa Marine Shale (TMS). "Recent results have created a lot of interest in the TMS play [see Shale Daily, May 12; May 8; April 29; April 14]," said Amelia President Kirk Barrell. "Drill times have greatly improved along with a decrease in associated costs." The parcel being sold is "the only remaining large aggregate block of acreage in the play. We believe that the repeatability and economics of this play will be extremely competitive with other U.S. oil plays." Barrell said, "The initial potentials, production volumes, and decline curves indicate large recoverable reserves in the range of 400-900 million boe. The play economics, consistency of the reservoir, and resulting reserves will make this a very competitive play for years to come."
Devon Energy Corp. and GE Oil & Gas are collaborating on innovations to enhance unconventional oil and natural gas projects. GE launched an Oil & Gas Technology Center in Oklahoma City in 2013 that is set to open its doors in the second half of 2015 (see Daily GPI, April 4, 2013). Under the agreement, Devon, also based in Oklahoma City, and GE said they want to advance innovations for artificial lift systems, advanced drilling technology, and water treatment and processing.