July 23, 2014
Dallas, TX, July 23, 2014 –(PR.com)–Eagle Oil and Gas Co.; an oil and gas exploration and production company headquartered in Dallas, Texas and founded in 1976 by D. Phil Bolin, his son Pat S. Bolin and partner Warren Ayres; is strengthening its leadership structure and positioning itself to pursue a more aggressive presence in the major shale plays across the country.
With more than $500,000,000 in divestitures over the past four years, Eagle is poised for organic growth. Underscoring this focus on growth, the company has retained long-time Dallas oil man Matthew (“Matt”) Bob to become president, while its current president, Darrell S. Lohoefer, will move to chief executive officer and its co-founder, Pat S. Bolin, will become executive chairman.
Since 1994, Mr. Bob has owned and operated MB Exploration and other exploration and production entities that have purchased more than 750,000 net acres and acquired more than 1,200 square miles of 3-D seismic. He has also pioneered and developed new exploration plays for joint ventures with both public and private energy and finance companies.
Bolin stated, “We are very proud to have Matt join Eagle. He is a true exploration and production guy, and over the past 15 years has drilled and operated over 400 oil and gas wells in nearly a dozen states. That is the kind of experience we want to add to our organization. I am planning to spend more time with our family investment businesses, Sterling Family Partners and Sterling Private Capital, but I will continue to be directly involved with Eagle and am looking forward to our future accomplishments.”
Mr. Bob added, “Eagle Oil & Gas is undoubtedly a leader in our industry, and I am very pleased to be joining the company as its new president. Eagle already has a strong executive team, and I look forward to working with my new colleagues on making our company even stronger.”
Darrell S. Lohoefer, an employee of Eagle since 1981, said, “By adding Matt to the team and knowing that Pat will continue to be working closely with us, we plan to increase Eagle’s pace. The opportunities we see are very exciting and our strategy is simple. We intend to continue to make significant investments in the major shale plays and we have the financial strength and practical experience to do just that.”
Also contributing to the past and future successes of the company is a well-respected management team, including Warren T. Ayres, Eagle’s co-founder, executive vice president and chief financial officer; Stan Laukhuf, general counsel and vice president; and Bill Fairhurst, vice president of Exploration.
More About Eagle Oil & Gas, Founded in 1976
Founded in 1976, the company has operating under the name Eagle Oil & Gas Co., and through predecessor and affiliate companies, Eagle has been active in the acquisition, development and exploration of oil and gas reserves for over 60 years. Eagle was founded and is controlled by the Bolin Family, who has had a well-known and respected name in the independent oil and gas business for three generations.