Bald Eagle Energy is a relatively new company with one simple goal: To decrease America’s dependency on foreign oil through the development of domestic sources. Based out of Houston Texas, and with its primary operations in oil-rich Alaska, Bald Eagle is poised to become a significant player in the American oil and gas industry.
In the spring of 2008, the company entered into an agreement to purchase a 100 percent interest in six leases in Alaska’s North Slope Basin, a region famed for the vast stores of oil contained therein. The exploration areas that Bald Eagle have acquired, totaling more than 18,000 acres, are in close proximity to the largest oil field in North America; The Prudhoe Bay Field.
Alaska’s North Slope is excellent evidence of the untapped resources at America’s disposal. In fact, the region accounts for approximately twenty percent of all domestic oil production; the Prudhoe Bay Field alone has consistently yielded around 400,000 barrels per day, and over 10 billion since its discovery in 1977.
Bald Eagle’s decision to enter into purchase agreements for its Alaskan claims was well founded. According to Roger Herrera of the non-profit group Arctic Power, “Alaskan oil wells are so productive that it takes 150-200 wells in the lower 48 states to match the output of one North Slope well.”
Bald Eagle Energy is operating in a high-potential region of what many experts believe could be the site of over one quarter of the world’s undiscovered oil and gas reserves. The company was formed for the sole purpose of reducing reliance on foreign oil producers, and bringing more of those energy dollars back to where they are needed – right here at home.
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