Oklahoma oil and gas property Joint Venture acquisition for Avalon

Source: Avalon Oil and Gas, Inc.

Avalon Oil and Gas, Inc. (Avalon) (OTCBB: AOGN) announced the formation of a joint venture to acquire oil and gas producing properties in Oklahoma, with Blair Oil Company, a Kingfisher, Oklahoma, based independent oil and gas producer; Zacale Resources Company, an Edmond, Oklahoma, based petroleum land management company; and Foy Streetman, a Chickasha, Oklahoma, based independent oil and gas producer.

"We are excited to enter into this joint venture; together our partners have over one hundred twenty-five years experience in the oil and gas industry," said Avalon's CEO, Kent Rodriguez. "With natural gas prices approaching price levels not seen since 1995, and oil prices stable above $100 per barrel, we feel this is a very attractive entry point for the energy industry," added Foy Streetman. Kent Blair said, "We are seeing several acquisition opportunities for oil properties and dry and liquid gas properties through western and central Oklahoma."

Avalon also announced a new social media presence that streamlines company information and to communicate the progress of this joint venture to our shareholders. "We are excited to expand our social media networks to connect with the global investment community," added Mr. Streetman.


Sign up for PennEnergy's eNewsletters
For Email Newsletters you can trust


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs