Amelia Resources LLC has sold 40,000 net acres of newly acquired leases in Louisiana Austin Chalk and Louisiana-Mississippi (LAMS) Stack plays to an “undisclosed U.S.-based buyer,” the privately held exploration and production company reported Monday.

“With consistent higher oil prices, the stacking of the Austin Chalk and Tuscaloosa Marine Shale (TMS) make for a very attractive target,” Kirk Barrell, Amelia’s president, said in a written statement. “Continued success in the Texas Austin chalk and comparable matrix porosity across Louisiana and Mississippi present an excellent opportunity for expansion into a new play. We are excited to bring another new player to the region.”