Amelia Resources LLC is looking to jettison some mineral rights in the sought-after Delaware Basin.
The Woodlands, Texas-based company said Sept. 21 it commenced the process of marketing mineral rights on 793 net acres under 14,969 gross acres in Reeves and Culberson counties in West Texas.
The assets are located in the area of Apache Corp.'s (NYSE: APA) recent Alpine High discovery, according to Kirk Barrell, the company's president.
"For mineral owners, the renewed focus on the Permian Basin presents an excellent opportunity to monetize part or all of their interests," Barrell said in a statement. "This offering, with 67 individual tracts, presents an excellent opportunity for an acquirer to obtain a position spread across the Wolfcamp and Alpine High plays under the best operators in the basin."
RELATED: Apache Uncovers Alpine High’s Potential
Amelia Resources is a private E&P that generates drilling prospects and represents mineral owners. The company is actively engaged in several projects across the onshore Gulf Coast and the Permian Basin, according to the release.
Over the past five years, Amelia Resources has raised $49 million of capital and facilitated the closing of $97 million of transactions in the Eagle Ford, Tuscaloosa Marine Shale and Midland Basin.
In August, Amelia Resources facilitated the closing of a mineral interest sale in the Midland Basin at a "top-of-the-market valuation," the release said.
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