EGOH’s Second Agreement to Development Oil Field

Source: www.gulfoilandgas.com 5/2/2011, Location: North America

Eagle Oil Holding Company, Inc. announced the execution of a second (Farm Out) Agreement with Natural Springs Resources, a Canadian Company to provide funding for additional operations on our East Texas field.

This second Farm Out agreement will allow the Company to restart 5 additional oil wells by partnering with Natural, and an experienced oil field service company. Natural will begin work on the wells as funding is obtained later this year. Natural is providing the necessary capital and resources to restore the pumping operations with no additional capital investment by the Company. Natural would share in the revenue generated by the well production. Since the Natural agreement is well specific, and non-exclusive, the development will not interfere with the Nitro Capital Partners agreement or any other wells allocated to any future partners.

Natural is affiliated with a European group that has been desirous of entering the US market in oil and gas production and can provide new sources of developmental capital to Eagle Oil.

Eagle Oil (EGOH) is an independent energy company in the active East Texas oil and gas region. The Company owns a 73% working interest in 173 wells on its 927 acres located in the Historic Woodbine Oil Field.


Morocco >>  8/9/2022 - Sound Energy, the transition energy company, is pleased to provide an update on the Phase 2 development financing of its Tendrara Production Concessio...
United Kingdom >>  8/8/2022 - The Operator of PEDL241, Egdon Resources U.K. Limited, has filed an appeal on behalf of the Joint Venture partnership against Lincolnshire County Coun...

Sudan >>  8/1/2022 - Firstly, I would like to start with an apology for the late delivery of the latest quarterly CATFLAP. We have been busy working on a number of opportu...
Colombia >>  7/29/2022 - Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off t...

Ireland >>  7/29/2022 - Europa Oil & Gas, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, has announced that the ...
United Arab Emirates >>  7/29/2022 - Abu Dhabi National Oil Company (ADNOC) announced today a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offsho...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.