Saturday, August 28, 2010

Live Oak County, TX - Eagle Ford Shale Update

By Andrea:

Eagle Ford Oil & Gas Corp. (ECCED) recently announced that they acquired a 1% working interest on 2,400 acres in the Eagle Ford shale located in Live Oak County, Texas. They have begun drilling two wells: the Dena Forehand #2H and the Kellam #2H. Neither well has been completed as of yet. While the two noted wells are the only Eagle Ford shale wells on the newly acquired land that have begun drilling, Eagle Ford Oil & Gas Corp. is planning for a total of 14 wells to be drilled within the next 2 years.

Eagle Ford Oil & Gas President Rick Adams commented, "This acquisition, although a small working interest, is important to Eagle Ford because it marks the first step of implementing our business plan as a pure play oil company in the Eagle Ford Shale formation located in South Texas. We will continue to take advantage of drilling and lease acquisition opportunities that arise in the Eagle Ford Shale formation."

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