Reames Oil Well Project

According to its website, Home Creek Energy is in the process of starting work on the Reames Lease in Haskell County. The Reames leases are supposed to be worked on by Basic Energy Chemical from Knox City.

Home Creek Energy has partnered with a public company called PGIE or PGIE Energy for the development of this lease. PGIE has partnered for 40% Working Interest of 75% Net Revenue Interest for the project. In a nutshell, that means that PGIE should be entitled to 40% of 75% of the revenue from the project. PGIE has recently announced partnerships with several other companies although their stock price is less than a penny.

This lease is located in Haskell County and was originally drilled back when oil prices were lower than they are today. With all of the talk about working over old oil wells, this is another indication that work can be done to restore old oil wells back to their useful state of oil production.

PGIE is a 40% Joint Venture Partner and has disclosed partnerships with a number of companies including a Joint Venture with Carbon Based Solutions, Intertorco Oil Equipment PO, Interco Credibility Support Documents, some sort of Russian Oil Deal, A Sudan Oil Deal, BGI. J&L, among various other companies.