Crosspoint to drill in Louisiana gas field

    April 20, 2006
    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.

    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.

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