Eagle Oil announces initiation of Questus field development

Source: Eagle Oil

Eagle Oil Holding Company, Inc. (OTC: EGOH) today announced that it has received confirmation that Questus Energy LLC ("Questus") its Farmout Agreement partner, will be commencing field development.

Questus will begin the reconditioning of the electrical grid that had been damaged in past Texas wild fires, and will also service the compliance requirements of the Texas Rail Road Commission that held up production in the past.

The Agreement allows Questus to perform operations under the Texas P4 and P6 "operators' permission" to restore pumping. The electrical restoration may take up to a week to conclude, but pumping can begin immediately upon completion.


Sign up for PennEnergy's eNewsletters
For Email Newsletters you can trust

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs