Featured #1
Rising Oil Prices - A Good Thing Perhaps?
The current oil crisis has caused much trouble throughout the world as it wrecks havoc on the financial markets. It has been vilified for causing inflation in a time where economic growth is slowing down in many countries. However, could this oil crisis actually be a good thing... [Read more...]
Featured #2
Texas oil regulators approve expenditure
Texas energy regulators, trying to cope with the biggest oil boom in decades, dipped into an environmental cleanup account Tuesday so they can whittle down a backlog of well permit requests and expand drilling. The Texas Railroad Commission voted unanimously to tap up to $750,000... [Read more...]
Featured #3
Featured #4
Featured #5
Featured #6
EEI Press Release
Energy Exploration International Awards Operator Contract to EEI Operating Inc.
“Energy Exploration International”, Inc. announced that they have contracted with EEI Operating Inc., to drill, test, complete and operate the wells of their future prospects. Mr. Robert H. Hucklebridge, President of EEI Operating Inc., has extensive exploration experience and has operated over 40 oil and gas wells, including 2 new documented field discoverie. [Read more...]
Drill Rig is Scheduled for the Harlan 02 Well
Energy Exploration International, Inc. (”EEI”) and PetroQuest Exploration Inc. announce the scheduled move-in date for the Harlan #2 Well (Machala #1 project). EEI and PetroQuest have confirmed that drilling is scheduled to commence on or about the week of May 27th, 2008.
[Read more...]
Industry News
Asia to increase its Oil Production
After years of putting a strain on world energy supplies, Asia is expected to significantly increase its own oil production next year, a development that could add to downward pressure on prices.
China, India and other big energy users in Asia aren’t about to become major oil exporters — far from it. They still consume much more crude than they produce and that trend won’t change.
But several countries, including China, are lifting oil output. The unexpected boost — some industry analysts had said the region would struggle to maintain production levels in the current decade — should help Asia meet more of its own demand and reduce stress on supplies for the rest of the world.
Senate Republicans Advocate Energy Exploration
At an energy hearing organized by the Senate Republican Conference, Republican senators discuss the importance of increasing American energy supplies through environmentally safe offshore exploration for oil.
EEI News
EEI Oil & Gas Drilling Video
Learn about the Oil and Gas drilling process with Energy Exploration International.
The worlds dependence on Oil & Gas is a given, with out these fuels the world as we know it would grind to a halt. Many people believe that once Oil has been found, merely punching a hole in the ground will allow the Oil to flow. [Read more...]
Energy Exploration International Mid-Year 2008 Corporate Update
Energy Exploration International, Inc. (”EEI”) announces that its president Mr. Curtis Best has bought out one of EEI’s original shareholders. Mr. Best remains president and chief operating officer and now is its majority shareholder. Mr. Best will continue to make the management decisions and have responsibility for overall operations, long-range planning, targeting potential partners and acquisitions and helping structure its exploration and development programs. [Read more...]
Texas News
Texas oil regulators approve expenditure
Texas energy regulators, trying to cope with the biggest oil boom in decades, dipped into an environmental cleanup account Tuesday so they can whittle down a backlog of well permit requests and expand drilling.
The Texas Railroad Commission voted unanimously to tap up to $750,000 from the Oil Field Cleanup Fund, an account normally used to plug abandoned wells and remediate contaminated drilling sites. The money in the account comes largely from industry permit fees.
[Read more...]