Eagle invests early in emerging plays and acquires leases as early as possible with the idea of accumulating as much acreage as possible at relatively low leasehold costs.
Eagle is the second company to drill a horizontal well in the Barnett Shale, after Devon. Eagle’s team has drilled wells from depths of as little as 500 feet to well over 18,000.
Eagle has developed an operational team that has been very successful in drilling the initial wells, de-risking the play and building the infrastructure necessary to successfully produce and market oil and gas.
The company acquired a 75% working interest and operations in the project involving 23,500 acres of leases on two prospects in East Texas. The companies plan on drilling seven horizontal wells in 2017.
Notice: Eagle Oil & Gas Co. has received reports of fraudulent employment agreements claiming to be from a "recruitment manager of the Eagle Oil & Gas Company USA" and stating that "there will be no interview since this is a manpower job where anyboody is fit to work with us." This is a job scam. Other signs of a job scam might include — but are not necessarily limited to — requests that an applicant pay a fee (for certification, training materials, or placement expenses) or provide credit card and/or bank-account information. If you have received a fraudulent employment agreement, do not provide any money or personal information. Instead, contact your local police and file a report. If you have already provided a job scammer with money or personal information, you should also immediately contact your bank and/or credit card company to close the account and dispute the charges. If you are unsure whether you are in receipt of a fraudulent employment agreement, contact Eagle Oil & Gas Co. directly at 214-369-1545.