EGPI Firecreek has formed a joint venture with Whitt Oil and Gas to conduct a series of rehabilitations on three oil and gas wells in Texas, US, which are jointly owned by EGPI Firecreek Whitt.
Both firms are proposing the completion of the McWhorter and Boyette proven zones in their respective wells.
The firms will convert the Young #1 well into a salt water disposal well in order to support McWhorter’s production operations and economics.
Two undeveloped Barnett Shale locations on the Boyette lease at 5,500ft will also undergo in-depth technical evaluation.
Recent successes in the local Barnett wells have encouraged management and its operator to advance the timing on the Barnett evaluation.
EGPI Firecreek CEO and chairman Dennis Alexander said the firm is in the process of securing the financing for the project.
