Avalon Oil & Gas (OTCMKTS:GRVE) is an independent exploration and production company focused on the evaluation, acquisition and development of onshore oil and gas properties in the United States. Founded in the early 1970s and headquartered in Houston, Texas, Avalon has built a portfolio of working interests spanning key U.S. hydrocarbon basins. The company’s core business activities include seismic surveying, drilling and completion of oil and natural gas wells, as well as reservoir management and production optimization.
Avalon’s operations are concentrated in the Gulf Coast region, where it holds a mix of legacy leases and recently acquired acreage. The company applies both conventional vertical drilling and modern horizontal hydraulic fracturing techniques to target reservoirs in the Wilcox, Frio and Eagle Ford formations. Avalon also pursues joint ventures and farm-out agreements with larger exploration partners, leveraging shared technical expertise to enhance exploration success and reduce capital risk.
In recent years, Avalon has expanded its geographical footprint into the Rockies and the Permian Basin, complementing its Gulf Coast assets with a presence in emerging unconventional plays. This diversification strategy seeks to balance legacy production streams with high-growth development opportunities. The company maintains an active portfolio management program, periodically evaluating noncore assets for disposition to fund drilling initiatives in higher-potential areas.
Avalon Oil & Gas is led by President and CEO John A. Hart, a seasoned energy executive with over three decades of industry experience. Under his leadership, the company has emphasized disciplined capital allocation, operational efficiency and robust health, safety and environmental protocols. Avalon’s board of directors comprises professionals with backgrounds in geology, engineering and corporate finance, supporting a governance framework designed to foster sustainable growth and shareholder value over the long term.
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