EGPI Firecreek has discovered a significant oil and gas reserve at the newly acquired Tubb Leasehold Estate sited in AMOCO/CRAWAR Field in Ward County, TX.
Due to this new discovery, EGPI has planned to carry out a rework on one well to restrict the currently producing reserve, pending hole and drilling at shallower depth that has confirmed the presence of significant oil and gas deposit. EGPI expects production increase of both oil and gas with this rework and lowers renovation and maintenance.
Because of the new oil and gas discovery at Tubbs Estate has created a good chance for a quick expansion of the energy division. The company will have the capacity to increase the potential by tapping these new reserves.
Now, EGPI Firecreek has concentrated in constructing and expanding its Oil and Gas and Alternative Energy divisions. Currently, the company has great opportunities due to the energy demands. EGPI Firecreek will deal with the growth potential by following proven production targets, oil and gas business acquisitions, and proposed agreements for its Alternative Energy division.
Source: http://www.egpifirecreek.com/