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EGPI Firecreek Agrees To Acquire 2076 Mile Sierra Pipeline Natural Gas Gathering System

January 7, 2010 (FinancialWire) — EGPI Firecreek, Inc. (OTCBB: EFIR) has executed a Definitive Agreement to acquire the Sierra Pipeline Gathering System and the Sierra Pipeline company.

The Sierra Pipeline Gathering System was previously owned by the Koch Corp.. The Koch Corp. is considered to be the nation’s largest privately owned company with sales in excess of 100 billion dollars for 2008. Currently, the Sierra Pipeline Gathering System has approximately 2076 miles of pipeline and pipeline gathering systems located primarily in the state of Oklahoma and adjoining states of Kansas and Indiana. The pipeline which was originally created to transport oil currently has over 28,000 wells within close proximity for utilization, production and transportation. The pipelines also have the capability to develop, gather and transport natural gas, as well as, additional opportunities. EGPI Firecreek plans to aggressively analyze, explore and exploit all potential revenue streams for the pipeline.

Conservative valuations estimate current assets to be in the 16 million dollar range. Additionally, a current 2009 appraisal estimates its overall potential value to be in excess of 150 million dollars once the property is utilized to its production capabilities.

Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at Recently issued reports and filings include Weatherford International Ltd. (NYSE: WFT), UQM Technologies, Inc. (AMEX: UQM), Panhandle Oil and Gas, Inc. (NYSE: PHX), Encore acquisition Company (NYSE: EAC), Altius Minerals Corp. (TSX: ALS), PKC Group Oyj (PLUS: PKC1V) and Standard Life Investments European Private Equity Trust PLC (LSE: SEP) (PLUS: SEP).

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