EGPI Firecreek, Inc. to immediately begin fracing procedures on first of two west Texas oil wells

Source: EGPI Firecreek, Inc.

EGPI Firecreek, Inc. (OTCBB: EFIR.OB) announced today they have received confirmation from Success Oil and their contracting sources that the fracing procedures for the first of their two West Texas oil wells will immediately begin this weekend.

The first procedure slated to begin on Sunday December 4th will start with the Crawar #2 well on the J.B. Tubb lease. The fracing process will penetrate the lower clearfork reservoir from the well which has a geological composite of dolomite. Dolomite is a very hard and course material which must be frac'd in order to extract commercial quantities of hydrocarbons and natural gas. Because the Crawar #2 well has never been frac'd, the company anticipates excellent results from the implementation of this procedure.

Fracing (pronounced FRACK-ing) is a term for a fracturing process which is a method of stimulating oil production by opening new flow channels in the formation surrounding a production well. Under extremely high hydraulic pressure frac fluids, in this case 100,000 gallons of water and 1,000 gallons of 15% hydrochloric acid, will be pumped downward through production tubing or drill pipe and forced out below a packer or between two packers. The pressure causes cracks to open in the formation, and the fluid penetrates the formation through the cracks. 100,000 pounds of 16/30 grade sand and 20,000 pounds of 16/30 Hexion SiberProp curable resin coated sand grains (propping agents) will be carried in suspension by the fluid into the cracks. When the pressure is released at the surface, the fracturing fluid will return to the well and leave behind the propping agents which will hold open the formation cracks and theoretically help to increase oil and natural gas production. Normally an increase in production will be noticeable within the first 30 days of the fracing procedure.

As previously announced, EGPI Firecreek, Inc. recently completed a traditional oil industry based debt financing arrangement amongst the partners in order to raise close to $500,000 . These monies have been slated specifically for the fracing of two oil and gas wells which the company believes will benefit the most from increases of oil and gas production.

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