The company plans on performing a rework on one well in order to cap off the currently producing reserve, and coming up hole and drilling at a shallower depth (approximately 3,700ft – 3,900ft), which has shown a significant oil and gas deposit.
The company expects that this rework will increase production of both oil and gas while lowering repair costs and maintenance due to drilling at a shallower depth.
EGPI Firecreek said that it has now refocused its attention on building and expanding its oil, gas and alternative energy divisions.
