Eagle Geophysical

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Company Overview

On April 21, 2010, Eagle Geophysical, Inc. went out of business as per its Chapter 11 liquidation filing under bankruptcy. Eagle Geophysical, Inc. offers geophysical services for the oil and gas industry. It specializes in acquiring high definition surface seismic data in an onshore environment in the Gulf Coast of the United States; and providing seismographic exploration and design services in North America.

The company’s services include parameter design and feasibility studies; aerial, satellite, topographic, and multi layered progress mapping; project management; regulatory, surface, mineral, and tenants permitting; GPS and conventional, and inertial systems surveying; wetland, rock, and highland shothole drilling services; and recording and infield processing services.

On April 21, 2010, Eagle Geophysical, Inc. went out of business as per its Chapter 11 liquidation filing under bankruptcy. Eagle Geophysical, Inc. offers geophysical services for the oil and gas industry. It specializes in acquiring high definition surface seismic data in an onshore environment in the Gulf Coast of the United States; and providing seismographic exploration and design services in North America.

The company’s services include parameter design and feasibility studies; aerial, satellite, topographic, and multi layered progress mapping; project management; regulatory, surface, mineral, and tenants permitting; GPS and conventional, and inertial systems surveying; wetland, rock, and highland shothole drilling services; and recording and infield processing services.

Eagle Geophysical was founded in 1993 and is headquartered in Houston, Texas. On May 31, 2009, Eagle Geophysical, Inc., along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas, Houston.

Eagle Geophysical Inc Eagle Geophysical Inc was founded in 1997. Eagle Geophysical Inc specializes in Oil and Gas Exploration Services.

Eagle Geophysical, subsidiary file for Chapter 11. June 2009, 1:24pmCDT Updated June 2, 2009, 1:24pm

Eagle Geophysical, subsidiary file for Chapter 11. June 2009, 1:24pmCDT Updated June 2, 2009, 1:24pmEmail

Energy seismic exploration company Eagle Geophysical Inc. and its subsidiary, Eagle Geophysical Onshore Inc., filed for Chapter 11 bankruptcy protection on May 31.

Houston-based Eagle (Pinksheets: EAGG) was formed in 1993 to provide geophysical services to upstream oilfield service companies.

In the voluntary petition filed with the United States Bankruptcy Court for the Southern District of Texas, the company listed assets of more than $1 million and liabilities of more than $10 million.

A company filing also showed that it terminated the employment of seven of its top executives including Robert Wood, president and chief operating officer, and John Pearce, chief financial officer. The four others were listed as directors, and one was a vice president.

A. John Knapp Jr. remains the company’s chairman and H. Malcolm Lovett Jr. has been named chief reorganization officer.

Eagle’s largest unsecured creditors include: Houston-based Eagle Equipment Leasing; John Kornitzer of Mission, Kan.; Eagle Canada Inc.; Eagle Geophysical Offshore Fixed Income Trust; and Dallas-based Realtime Geophysical Surveys LP.

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