By OGJ editors
HOUSTON, Apr. 20 -- Crosspoint Group Inc., Las Vegas, plans to work over gas wells and drill at least 15 vertical and horizontal wells in Ebarb School-Converse gas field in Louisiana, in which it has agreed to take a 50% interest.
The transaction is expected to close by the end of May, pending financing.
Drilling in the 1,650-acre Sabine Parish field will be a joint venture of Suncoast Technical Services, Dallas; Fremont, Oklahoma City; and Public Gas Co. (NV), a subsidiary of Crosspoint. Suncoast and Fremont jointly own and operate the field, which has 16 active gas wells.
