Eagle Oil & Gas Co. is a private, independent oil and gas company based in Dallas, Texas. Seventy-six percent (76%) of the company is owned and controlled by members of the Bolin Family and Eagle’s management. The remaining twenty-four percent (24%) of the equity is owned by CNF Investments, LLC, which is controlled by A. James Clark of Bethesda, Maryland.
Eagle Oil & Gas Co., through predecessor and affiliate companies, 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. In fact, Pat S. Bolin’s (the Company’s Executive Chairman of the Board) grandfather started in the oil field service industry in the late 1930s. The direct predecessor to Eagle was formed as a Texas general partnership in 1976 by Pat S. Bolin, his father D. Phil (now deceased), and Warren T. Ayres (Eagle’s Executive Vice President and Chief Financial Officer). In 1987, Eagle converted to its corporate form and became the primary oil and gas investment vehicle for the Eagle group of companies.
Eagle Oil & Gas Co., through predecessor and affiliate companies, has been
active in the acquisition, development and exploration of oil and gas reserves
for over 60 years.
Eagle Oil & Gas Co. has an operational capacity that is second to none. Eagle was one of the pioneers in horizontal drilling and completion techniques having drilled the second 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 operated or is currently operating properties in numerous states including Montana, Wyoming, New Mexico, Texas, Oklahoma, Louisiana, Arkansas, Mississippi, Ohio, Michigan, and Colorado. The properties are located on Federal, State and Indian lands as well as on private minerals and surface.
The Company’s executive offices are located in Dallas, Texas, where the exploration, land, engineering, production, drilling, regulatory, and legal functions are handled. Its accounting, financial and banking are out of its Wichita Falls, Texas, office. Currently, Eagle’s staff includes 32 full-time personnel. Eagle also uses 40+ contract field personnel for the operation of its wells.