Bayside Corp., Dallas, renewed leases in Muscadine field in Tyler County, Tex., in preparation for rejuvenating the field, discovered in the late 1950s.
The field, with three wells on 230 acres, and has produced 400,000 bbl of oil and 350 MMcf of gas. The company plans to drill one new well to complete in multiple Wilcox formation zones at 8,175-8,500 ft.
Bayside will permit and drill the 2R well to replace the existing No. 2 well, which will be held for conversion to salt water disposal. The No. 3 and 4 wells require National Park Service approval for workover or recompletion. Lastly, further drilling will be considered.
Bayside owns 100% working interest in and has a 70% net revenue interest in the field.
