Joint Venture Partners

Eagle Resources seeks out best-in-class partners to facilitate drilling expeditions. For the Eagle Drilling Venture 2019, Eagle Resources has joint ventured with Freedom Energy Resources LLC. Learn more about Freedom Energy at www.freedomenergyres.com.

FREEDOM ENERGY RESOURCES LLC

Freedom Energy Resources is a company engaged in the exploration and development of oil and gas assets with a focus on conventional oil and gas. Freedom’s highly regarded, professional management team has collectively more than 100 years of experience and has worked together successfully for nearly 20 years.  This team utilizes industry leading best practices to achieve superior results and possesses significant technical and operational experience.

To learn more about Freedom Energy Resources, please visit www.freedomenergyres.com.

FREEDOM ENERGY RESOURCES LLC LEADERSHIP TEAM

Samuel E. Fragale
CEO, Freedom Energy Resources LLC 

Sam is a Co-Founding Member of Freedom Energy Resources LLC (‘Freedom”) and serves as its President and CEO. Prior to the creation of Freedom, Sam worked in oil and gas industry for over 30 years. Most recently Mr. Fragale worked for Chief Oil & Gas, LLC as Senior VP Operations managing and directing their Marcellus operations in Northeast PA.  Under his leadership he built a highly skilled management and operations team which was directly responsible for drilling over 150 Marcellus wells while increasing production from 40 MMc/d to 850 MMcf/d with over a BCF/d of capacity which resulted in significant value creation.

 

Before joining Chief, Mr. Fragale had a 20-year career with Phillips Production Company/Phillips Drilling Company as Sr. Vice President/President & COO.  During his tenure and leadership, he was responsible for managing and directing all aspects of drilling, completion, production, exploration, regulatory, safety and land. During this time his team drilled over 3000 conventional wells and participated in and operated various exploration projects. He directed the transformation of the company into a Marcellus Shale operator which resulted in the sale of the company to Exxon/Mobil in June 2011 for $1.7 Billion. He started his career working for Shell Offshore Inc. as a Reservoir Engineer.

 

Mr. Fragale graduated in 1983 from West Virginia University in Morgantown West Virginia, with a B.S. degree in Petroleum Engineering. Sam is a former Member of Technical Advisory Board for the PA Dept. of Environmental Protection and has served on the Pennsylvania Independent Oil and Gas Association (“PIOGA’s”) Board of Directors and the Executive Committee as Vice Chairman for nearly 20 and 10 years respectively. He was member of the IOGA/POGAM merger committee which successfully merged the two organizations in 2010 to form PIOGA.

Owen Stone
COO, Freedom Energy Resources LLC 

Owen is a Co-Founding Member of Freedom Energy Resources LLC (‘Freedom”) and serves as its COO. With over 35 years of experience, Owen brings a long and successful track record with significant exploratory conventional/resource discoveries in 15 states and offshore gulf. He has also closed on $1 Billion in acquisition of domestic energy assets and managed 50-100MM$ annual exploratory and development projects in several states.

 

Owen has established himself as a reliable, creative and consistent associate and partner within the energy industry. He has developed and maintained close and valuable relationships which continue to allow for multi-faceted opportunities throughout the United States.

 

Prior to co-founding Freedom Energy, LLC he was VP Operations for Chief Oil & Gas and co-founder, manager of Stone & Wolf and Betop Energy. He also served as VP Engineering/Geology for AA Production. Mr. Stone graduated with a BS In Petroleum Engineering from the University of Wyoming.

Terry Ward
Senior VP of Exploration & Geography, Freedom Energy Resources LLC 

Terry is a Co-Founding Member of Freedom Energy Resources LLC (‘Freedom”) and serves as its Senior VP of Exploration and Geology. Prior to Freedom, Terry served as Vice President Geology – Appalachia for Chief Oil & Gas where he was responsible for the geologic oversight of the Company’s Marcellus Shale assets in Pennsylvania. Production from those assets were increased 20-fold during his tenure to become among the best in the entire Marcellus play. Terry has a total of eight years of Marcellus experience including Chief, Phillips Production Company and XTO Energy.

 

He has accumulated 35 years of oil and gas experience focused primarily on seismically defined, deeper targets, both conventional and unconventional. He started his career working for Consolidated Natural Gas Supply Corporation, a predecessor to Consol Energy. Mr. Ward graduated in 1978 from West Virginia University in Morgantown, West Virginia, with a B.S. degree in Geology.

Request Private Placement Memorandum

I acknowledge an earned income exceeding $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expect the same for the current year, OR have a net worth over $1 million, either alone or together with a spouse (excluding the value of my primary residence and vehicles).