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Avalon to begin workover of property

LAMAR COUNTY — Avalon Oil & Gas Inc. plans to begin a workover of the Moody 31-9 #5 property in Lamar County.

On Feb. 2, Avalon entered into an agreement with Bayside Petroleum Company Inc. to purchase an 18.75 percent working interest in Bayside’s Baxterville Field Prospect in Lamar County. The 200-acre leasehold contains three wellbores; two that are equipped for production and a salt water disposal well.

The Baxterville Field spans over 13,000 acres, with more than 300 producing wells. The field has produced 262 million barrels of oil and 450 billion cubic feet of gas, primarily from the Tuscaloosa formation.

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