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Friday, 21 November, 2008, 16:50 GMT | more >>

Avalon in Upshur County quest



By Upstream staff 

Minneapolis-based Avalon Oil & Gas said it had joined with its operator, Krog Partners, and with Anderson Oil & Gas to take a 50% working interest in an active oil property tapping the Woodbine sandstone in Upshur County, Texas.

The property includes six producing oil wells, three salt water disposal wells, three shut-in or marginal wells and one well that has recently been plugged and abandoned.

Under the deal, which was effective from 15 November, Avalon will earn a 10% working interest in the property, which will be operated by Krog.

The partners plan to begin a programme to workover and optimise production from the field, which is producing about 25 barrels per day at present.


Monday, 08 January, 2007, 22:23 GMT  | last updated: Monday, 08 January, 2007, 22:23 GMT

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