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Houston-based Eagle (Pinksheets: EAGG) was formed in 1993 to providw geophysical services to upstreamk oilfieldservice companies. In the voluntary petition filed with the United States Bankruptcy Cour t for the Southern Districtof Texas, the companyh listed assets of more than $1 millionj and liabilities of more than $10 million. A companh filing also showed that it terminated the employmenr of seven of its top executivexs includingRobert Wood, president and chief operating and John Pearce, chief financial The four others were listed as directors, and one was a vice A. John Knapp Jr. remains the company’s chairmajn and H. Malcolm Lovett Jr.
has been named chief reorganization officer. Eagle’s largest unsecured creditors include: Houston-based Eaglee Equipment Leasing; John Kornitzer of Kan.; Eagle Canada Inc.; Eagle Geophysicao Offshore FixedIncome Trust; and Dallas-based Realtime Geophysical Surveyes LP.
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