EPiC Capital Group Inc., announced today it has commenced its joint venture with the Gorden Group exploiting and developing a shallow gas field covering lands over three townships in north central Oklahoma.
The joint venture will identify low risk workover, recompletion and drill well opportunities within the joint venture area. Initially the JV has identified 7 workover well candidates. Operations are to commence immediately. EPiC will provide 50% of the working capital for the initial 7 wells. All subsequent capital spending and revenue sharing under the JV will be shared EPiC 60% and The Gorden Group 40%. EPiC will be responsible for providing project management and engineering services to the JV.
EPiC Capital Group, Inc., a Houston-based company, is an independent energy and engineering company focused on acquiring and developing oil and gas producing assets and alternative renewable energy projects.