Eagle Oil Holding Company, Inc announced today that it has concluded a new drilling study to further develop the W H Siler Lease in East Texas.
The program will incorporate the new technologies that use "directional" drilling or "radial" drilling being offered as solutions for older field development in the industry. The program is being geared for use in the less developed East side of the field, with startup in mid 2011.
Headquartered in Reno, Nevada, Eagle Oil is an independent, growth-oriented energy company engaged in the exploration and production of oil through the development of a repeatable, low geological risk, high potential project in the active East Texas oil and gas region.
The company owns a 78 percent working interest in 173 wells on its 927 acres located in the historic Woodbine Oil Field. Engineering reports show that Eagle Oil's East Texas field contains over 12,000,000 barrels of recoverable oil.
