**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**FORM      10-QSB**

**EGPI      FIRECREEK, INC.**

| **NEVADA**(State                or other jurisdiction ofincorporation                or organization) | **8-0345961**(I.R.S.                Employer Identification No.) |
|-------------------------------------------------------------------------------------------------------|------------------------------------------------------------------|

----

**EGPI      FIRECREEK, INC.**

**f/k/a      Energy Producers, Inc.**

|                  PART 1: FINANCIAL INFORMATION                                                     |                     |
|--------------------------------------------------------------------------------------------------------------|--------------------------|
|                                                                                                         |                     |
|                  Item 1. Financial Statements - Unaudited                                               |                     |
|                                                                                                         |                     |
|                  Consolidated Balance Sheets                                                            |                  3  |
|                                                                                                         |                     |
|                  Consolidated Statement of Operations                                                   |                  4  |
|                                                                                                         |                     |
|                  Consolidated Statement of Cash Flows                                                   |                  5  |
|                                                                                                         |                     |
|                  Consolidated Statement of Changes in Shareholders’ Equity                        |                  6  |
|                                                                                                         |                     |
|                  Notes to the Unaudited Consolidated Financial Statements                               |                  7  |
|                                                                                                         |                     |
|                  Item 2. Management’s Discussion and Analysis or Plan of                Operation |                  11 |
|                                                                                                         |                     |
|                  Item 3. Controls and Procedures                                                        |                  15 |
|                                                                                                         |                     |
|                  PART II: OTHER INFORMATION                                                             |                     |
|                                                                                                         |                     |
|                  Item 1 - Legal Proceedings                                                             |                  15 |
|                                                                                                         |                     |
|                  Item 2 - Unregistered Sales of Equity Securities and Use of                Proceeds    |                  15 |
|                                                                                                         |                     |
|                  Item 3 - Defaults upon Senior Securities                                               |                  16 |
|                                                                                                         |                     |
|                  Item 4 - Submission of Matters to a Vote of Security                Holders            |                  16 |
|                                                                                                         |                     |
|                  Item 5 - Other Information                                                             |                  16 |
|                                                                                                         |                     |
|                  Item 6 - Exhibits                                                                      |                  16 |
|                                                                                                         |                     |
|                  Certifications                                                                         |                     |
|                                                                                                         |                     |
|                  Signature                                                                              |                  17 |

----

**EGPI      Firecreek, Inc.**

**(formerly      Energy Producers, Inc.)**

**Consolidated      Balance Sheets**

**As      of September 30, 2006 and December 31, 2005**

|                                                                                                        |   | **Unaudited**   |        |          |   |
|-------------------------------------------------------------------------------------------------------------|--------|-----------------|-------------|---------------|--------|
| **ASSETS**                                                                                                  |   | **30-Sep-2006** |        | **31-Dec-05** |   |
|                                                                                                        |   |            |        |          |   |
| Current                assets:                                                                              |   |            |        |          |   |
| Cash                                                                                                        |   | $               | 308,835     |          | $      | 149,962 |   |
| Deferred                costs                                                                               |   |            | 123,399     |          |   | 0 |   |
| Accounts                receivable                                                                          |   |            | 14,353      |          |   | 0 |   |
| Total                current assets                                                                         |   | $               | 446,587     |          | $      | 149,962 |   |
|                                                                                                        |   |            |        |          |   |   |   |
| Other                assets:                                                                                |   |            |        |          |   |   |   |
| Fixed                assets- net                                                                            |   |            | 630,101     |          |   | 697,859 |   |
| Deferred                costs                                                                               |   |            | 315,511     |          |   | 0 |   |
| Other                receivables                                                                            |   |            | 0           |          |   | 2,759 |   |
|                                                                                                        |   |            |        |          |   |   |   |
|                                                                                                        |   |            |        |          |   |   |   |
| Total                assets                                                                                 |   | $               | 1,392,199   |          | $      | 850,580 |   |
|                                                                                                        |   |            |        |          |   |   |   |
|                                                                                                        |   |            |        |          |   |   |   |
| **LIABILITIES                AND SHAREHOLDERS' DEFICIT**                                                    |   |            |        |          |   |   |   |
|                                                                                                        |   |            |        |          |   |   |   |
| Current                liabilities:                                                                         |   |            |        |          |   |   |   |
| Accounts                payable & accrued expenses                                                      |   | $               | 428,559     |          | $      | 303,436 |   |
| Notes                payable                                                                                |   |            | 4,310,076   |          |   | 3,204,427 |   |
| Total                current liabilities                                                                    |   | $               | 4,738,635   |          | $      | 3,507,863 |   |
|                                                                                                        |   |            |        |          |   |   |   |
| Advances                payable to shareholders                                                             |   |            | 179,598     |          |   | 147,780 |   |
| Convertible                debentures payable-net                                                           |   |            | 424,881     |          |   | 26,195 |   |
| Total                liabilities                                                                            |   |            | 5,343,114   |          |   | 3,681,838 |   |
|                                                                                                        |   |            |        |          |   |   |   |
| Net                liabilities of discontinued operations                                                   |   |            | 78,352      |          |   | 78,352 |   |
|                                                                                                        |   |            |        |          |   |   |   |
| Shareholders'                deficit:                                                                       |   |            |        |          |   |   |   |
| Series                A preferred stock, 20 million authorized, par value $0.001,one share                  |   |            |        |          |   |   |   |
| convertible                to one common share, no stated dividend, none outstanding                        |   | $               | 0           |          | $      | 0 |   |
| Series                B preferred stock, 20 million authorized, par value $0.001,one share                  |   |            |        |          |   |   |   |
| convertible                to one common share, no stated dividend, none outstanding                        |   |            | 0           |          |   | 0 |   |
| Series                C preferred stock, 20 million authorized, stated value $.001,one                share |   |            |        |          |   |   |   |
| convertible                to ten common shares, no stated dividend                                         |   |            | 0           |          |   | 1,539,000 |   |
| Common                stock- $.001 par value, authorized 900,000,000 shares,                                |   |            |        |          |   |   |   |
| issued                and outstanding, 297,751,446 at September 30, 2006 and                                |   |            |        |          |   |   |   |
| 220,913,500                shares at December 31, 2005                                                      |   |            | 297,750     |          |   | 220,913 |   |
| Additional                paid in capital                                                                   |   |            | 18,974,609  |          |   | 15,878,127 |   |
| Accumulated                deficit                                                                          |   |            | (23,301,626 | )             |   | (20,547,650 | ) |
| Total                shareholders' deficit                                                                  |   |            | (4,029,267  | )             |   | (2,909,610 | ) |
|                                                                                                        |   |            |        |          |   |   |   |
| Total                Liabilities & Shareholders' Deficit                                                |   | $               | 1,392,199   |          | $      | 850,580 |   |

**See        the notes to the consolidated financial        statements.**

----

**EGPI      Firecreek, Inc.**

**(formerly      Energy Producers, Inc.)**

**Consolidated      Statements of Operations**

**For      the Nine and Three Months Quarters Ended September 30, 2006 and September 30,      2005**

**(unaudited)**

|                                                       |   | **Nine                Months** |        |  **Nine                Months** |   | **Three                Months** |   | **Three                Months** |        |
|------------------------------------------------------------|--------|--------------------------------|-------------|--------------------------------------|--------|---------------------------------|--------|---------------------------------|-------------|
|                                                       |   | **Unaudited**                  |        |  **Unaudited**                  |   | **Unaudited**                   |   | **Unaudited**                   |        |
|                                                       |   | **30-Sep-06**                  |        |  **30-Sep-05**                  |   | **30-Sep-06**                   |   | **30-Sep-05**                   |        |
|                                                       |   |                           |        |                            |   |                            |   |                            |        |
| Gross                Revenues from sales                   |   | $                              | 108,748     |                                 | $      | 0                               |   | $                               | 58,066      |   | $ | 0 |   |
| Cost                of sales                               |   |                           | (67,645     | )                                    |   | 0                               |   |                            | (33,147     | ) |   | 0 |   |
| Net                Revenues from sales                     |   | $                              | 41,103      |                                 | $      | 0                               |   | $                               | 24,919      |   | $ | 0 |   |
|                                                       |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
| General                and administrative expenses:        |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
| General                administration                      |   | $                              | 1,791,495   |                                 | $      | 7,739,549                       |   | $                               | 690,775     |   | $ | 4,943,285 |   |
| Total                general & administrative expenses |   |                           | 1,791,495   |                                 |   | 7,739,549                       |   |                            | 690,775     |   |   | 4,943,285 |   |
|                                                       |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
| Net                loss from operations                    |   |                           | ($1,750,392 | )                                    |   | ($7,739,549                     | )      |                            | ($665,856   | ) |   | ($4,943,285 | ) |
|                                                       |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
| Other                revenues and expenses:                |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
| Interest                expense                            |   |                           | (1,003,584  | )                                    |   | (1,673,879                      | )      |                            | (379,858    | ) |   | (17,581 | ) |
|                                                       |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
| Net                loss before provision for income taxes  |   |                           | ($2,753,976 | )                                    |   | ($9,413,428                     | )      |                            | ($1,045,714 | ) |   | ($4,960,866 | ) |
|                                                       |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
| Provision                for income taxes                  |   |                           | 0           |                                 |   | 0                               |   |                            | 0           |   |   | 0 |   |
|                                                       |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
| Net                loss                                    |   |                           | ($2,753,976 | )                                    |   | ($9,413,428                     | )      |                            | ($1,045,714 | ) |   | ($4,960,866 | ) |
|                                                       |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
|                                                       |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
| Loss                per share                              |   |                           | ($0.01      | )                                    |   | ($0.09                          | )      |                            | ($0.00      | ) |   | ($0.04 | ) |
|                                                       |   |                           |        |                                 |   |                            |   |                            |        |   |   |   |   |
| Basic                & fully diluted                   |   |                           | 273,477,533 |                                 |   | 107,873,376                     |   |                            | 294,386,878 |   |   | 131,219,655 |   |

**See        the notes to the consolidated financial        statements.**

----

**EGPI      Firecreek, Inc.**

**(formerly      Energy Producers, Inc.)**

**Unaudited      Consolidated Statements of Cash Flows**

**For      the Nine Months Ended September 30, 2006 and September 30,      2005**

**(Unaudited)**

|                                                               |   | **Unaudited** |        | **Unaudited** |   |
|--------------------------------------------------------------------|--------|---------------|-------------|---------------|--------|
|                                                               |   | **30-Sep-06** |        | **30-Sep-05** |   |
| Operating                Activities:                               |   |          |        |          |   |
| Net                loss                                            |   |          | ($2,753,976 | )             |   | ($9,413,428 | ) |
| Adjustments                to reconcile net loss items             |   |          |        |          |   |   |   |
| not                requiring the use of cash:                      |   |          |        |          |   |   |   |
| Depreciation                expense                                |   |          | 63,720      |          |   | 8,743 |   |
| Amortization                of beneficial conversion feature       |   |          | 310,127     |          |   | 1,496,447 |   |
| Consulting                expense                                  |   |          | 5,407       |          |   | 3,639,162 |   |
| Interest                expense                                    |   |          | 693,457     |          |   | 0 |   |
| Deferred                loan fees                                  |   |          | 159,513     |          |   | 0 |   |
| Changes                in other operating assets and liabilities : |   |          |        |          |   |   |   |
| Accounts                receivable                                 |   |          | (14,353     | )             |   | 0 |   |
| Other                receivable                                    |   |          | 2,759       |          |   | 0 |   |
| Deferred                costs                                      |   |          | (139,789    | )             |   | 0 |   |
| Accounts                payable and accrued expenses               |   |          | 125,483     |          |   | (482,887 | ) |
| Net                cash used by operations                         |   |          | ($1,547,652 | )             |   | ($4,751,963 | ) |
|                                                               |   |          |        |          |   |   |   |
| Investing                activities:                               |   |          |        |          |   |   |   |
| Purchase                of equipment                               |   | $             | 4,036       |          |   | ($111,571 | ) |
| Net                cash used by investing activities               |   |          | 4,036       |          |   | (111,571 | ) |
|                                                               |   |          |        |          |   |   |   |
| Financing                Activities:                               |   |          |        |          |   |   |   |
| Credit                equity line                                  |   | $             | 1,514,453   |          | $      | 2,000,000 |   |
| Issued                common stock                                 |   |          | 79,840      |          |   | 0 |   |
| Payment                of debenture                                |   |          | 0           |          |   | (200,000 | ) |
| Issued                convertible debenture                        |   |          | 0           |          |   | 4,000,000 |   |
| Payment                of capital lease                            |   |          | 0           |          |   | (9,276 | ) |
| Warrants                converted                                  |   |          | 100,000     |          |   | 0 |   |
| Shareholder                advances received (paid)                |   |          | 8,195       |          |   | (224,754 | ) |
| Net                cash provided by financing activities           |   |          | 1,702,489   |          |   | 5,565,970 |   |
|                                                               |   |          |        |          |   |   |   |
| Net                increase (decrease) in cash during the period   |   | $             | 158,873     |          | $      | 702,436 |   |
|                                                               |   |          |        |          |   |   |   |
| Cash                balance at January 1st                         |   |          | 149,962     |          |   | 5,538 |   |
|                                                               |   |          |        |          |   |   |   |
| Cash                balance at September 30th                      |   | $             | 308,835     |          | $      | 707,974 |   |
|                                                               |   |          |        |          |   |   |   |
| Supplemental                disclosures of cash flow information:  |   |          |        |          |   |   |   |
| Interest                paid during the period                     |   | $             | 0           |          | $      | 21,041 |   |
| Income                taxes paid during the period                 |   | $             | 0           |          | $      | 0 |   |

**See        the notes to the consolidated financial statements.**

----

**EGPI      Firecreek, Inc.**

**(formerly      Energy Producers, Inc.)**

**Unaudited      Consolidated Statement of Changes in Shareholders’Deficit**

**For      the Nine Months ended September 30, 2006 and September 30,      2005**

|                                            |   | **Common**  |   | **Par**   |   | **Paid                in** |   | **Accumulated** |   |         |
|-------------------------------------------------|--------|-------------|--------|-----------|--------|----------------------------|--------|-----------------|--------|--------------|
|                                            |   | **Shares**  |   | **Value** |   | **Capital**                |   | **Deficit**     |   | **Total**    |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Balance                at January 1, 2005       |   | 220,913,500 |   | $220,913  |   | $15,878,127                |   | ($20,547,650)   |   | ($4,448,610) |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Issuance                of warrants             |   |        |   |      |   | 5,407                      |   |            |   | 5,407        |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Issuance                of common stock         |   | 4,148,514   |   | 4,148     |   | 75,692                     |   |            |   | 79,840       |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Conversion                of warrants           |   | 4,000,000   |   | 4,000     |   | 96,000                     |   |            |   | 100,000      |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Conversion                of preferred stock    |   | 20,250,000  |   | 20,250    |   | 1,518,750                  |   |            |   | 1,539,000    |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Issued                shares to pay equity line |   | 48,439,432  |   | 48,439    |   | 1,030,632                  |   |            |   | 1,079,071    |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Beneficial                conversion feature    |   |        |   |      |   | 370,001                    |   |            |   | 370,001      |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Net                loss for the period          |   |        |   |      |   |                       |   | (2,753,976)     |   | (2,753,976)  |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Balance                at September 30, 2006    |   | 297,751,446 |   | $297,750  |   | $18,974,609                |   | ($23,301,626)   |   | ($4,029,267) |
|                                            |   |        |   |      |   |                       |   |            |   |         |
|                                            |   |        |   |      |   |                       |   |            |   |         |
|                                            |   | **Common**  |   | **Par**   |   | **Paid                in** |   | **Accumulated** |   |         |
|                                            |   | **Shares**  |   | **Value** |   | **Capital**                |   | **Deficit**     |   | **Total**    |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Balance                at January 1, 2005       |   | 75,247,968  |   | $75,248   |   | $6,388,767                 |   | ($8,726,593)    |   | ($2,239,915) |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Issued                shares for services       |   | 20,219,444  |   | 20,219    |   | 1,322,017                  |   |            |   | 1,342,236    |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Issued                shares to pay debt        |   | 2,210,253   |   | 2,210     |   | 153,360                    |   |            |   | 155,570      |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Debentures                converted             |   | 94,847,340  |   | 94,847    |   | 4,254,663                  |   |            |   | 4,349,510    |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Preferred                shares converted       |   | 12,066,831  |   | 12,067    |   |                       |   |            |   | 12,067       |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Beneficial                conversion feature    |   |        |   |      |   | 1,227,273                  |   |            |   | 1,227,273    |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Detachable                warrants issued       |   |        |   |      |   | 316,926                    |   |            |   | 316,926      |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Net                loss for the period          |   |        |   |      |   |                       |   | (9,413,428)     |   | (9,413,428)  |
|                                            |   |        |   |      |   |                       |   |            |   |         |
| Balance                at Sept. 30, 2005        |   | 204,591,836 |   | $204,591  |   | $13,663,006                |   | ($18,140,021)   |   | ($4,249,761) |

**Please      see the notes to the consolidated financial      statements.**

----

**EGPI      Firecreek, Inc.**

**Unaudited      Notes to the Consolidated Financial Statements**

**For      the Nine months ended September 30, 2006 and September 30,      2005**

| **1.     ** | **Organization                of the Company and Significant Accounting                Principles** |
|--------------------------------------|-----------------------------------------------------------------------------------------------------|

*Consolidation-      *

*Use      of Estimates*

*Revenue      Recognition- *

*Cash-*

*Deferred      costs- *

*Fixed      Assets*
**-      **

| Office              equipment                   | 3              years |
|-------------------------------------------------|----------------------|
| Computer              hardware & software   | 3              years |
| Improvements              & furniture       | 5              years |
| Well              lease & equipment 7 years | 7              years |

----

*Long        Lived Assets*

*Debentures      Payable-*
*Accounting      for Convertible Debt Issued with Beneficial Conversion      Features.*

*Discontinued      Operations-*

*Income      taxes-*
*Accounting      for Income Taxes*

| **2.     ** | **Net                Loss per Share** |
|--------------------------------------|---------------------------------------|

*Earnings        per Share*
*.*

|                                    |   |        | **30-Sep-06** |        | **30-Sep-05** |
|-----------------------------------------|--------|-------------|---------------|-------------|---------------|
|                                    |   |        |          |        |          |
| Net                loss                 |   |        | ($2,753,976)  |        | ($9,413,428)  |
|                                    |   |        |          |        |          |
| Total                shares outstanding |   | 297,751,446 |          | 204,591,806 |
|                                    |   |        |          |        |          |
| Weighted                average         |   | 273,477,533 |          | 107,873,376 |
|                                    |   |        |          |        |          |
| Loss                per share           |   |        | ($0.01)       |        | ($0.09)       |

----

| **3.     ** | **Common                and Preferred Stock Transactions** |
|--------------------------------------|------------------------------------------------------------|

| **4.     ** | **Fixed                  Assets- Net** |
|--------------------------------------|----------------------------------------|

|                                             |   |   | **30-Sep-06** |   | **31-Dec-05** |
|--------------------------------------------------|--------|--------|---------------|--------|---------------|
|                                             |   |   |          |   |          |
| Well                lease & equipment        |   |   | $601,000      |   | $601,000      |
| Computer                equipment & software |   |   | 63,676        |   | 63,676        |
| Office                equipment                  |   |   | 19,056        |   | 19,056        |
| Improvements                & furniture      |   |   | 30,166        |   | 30,166        |
| Accumulated                depreciation          |   |   | (83,797)      |   | (16,039)      |
|                                             |   |   |          |   |          |
| Net                property & equipment      |   |   | $630,101      |   | $697,859      |

| **5.     ** | **Issuance                    of Warrants** |
|--------------------------------------|---------------------------------------------|

|                                             |   |   |        | Wgtd                Avg       |   | Wgtd                Years  |   |
|--------------------------------------------------|--------|--------|-------------|-------------------------------|--------|----------------------------|--------|
|                                             |   | Amount |        | Exercise                Price |   | to                Maturity |   |
|                                             |   |   |        |                          |   |                       |   |   |   |   |
| Outstanding                at January 1, 2005    |   |   | 4,200,000   |                          |   | $0.96                      |   |   | 2.33 |   |
|                                             |   |   |        |                          |   |                       |   |   |   |   |
| Issued                                           |   |   | 36,575,000  |                          |   |                       |   |   |   |   |
| Exercised                                        |   |   | (313,000)   |                          |   |                       |   |   |   |   |
| Expired                                          |   |   | (400,000)   |                          |   |                       |   |   |   |   |
|                                             |   |   |        |                          |   |                       |   |   |   |   |
| Outstanding                at September 30, 2005 |   |   | 40,062,000  |                          |   | $0.37                      |   |   | 3.00 |   |
|                                             |   |   |        |                          |   |                       |   |   |   |   |
| Issued                                           |   |   | 5,500,000   |                          |   |                       |   |   |   |   |
| Exercised                                        |   |   | (4,000,000) |                          |   |                       |   |   |   |   |
| Expired                                          |   |   | 0           |                          |   |                       |   |   |   |   |
|                                             |   |   |        |                          |   |                       |   |   |   |   |
| Outstanding                at September 30, 2006 |   |   | 41,562,000  |                          |   | $0.40                      |   |   | 3.00 |   |

----

| **6.     ** | **Income                      Tax Provision** |
|--------------------------------------|-----------------------------------------------|

| Provision                for income taxes is comprised of the following:                                                                                 |   | **30-Sep-06** |         | **30-Sep-05** |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|--------------|---------------|
|                                                                                                                                                     |   |          |         |          |   |   |   |   |
| Net                loss before provision for income taxes                                                                                                |   |          | ($2,753,976) |          | ($9,413,428) |
|                                                                                                                                                     |   |          |         |          |   |   |   |   |
| Current                tax expense:                                                                                                                      |   |          |         |          |   |   |   |
| Federal                                                                                                                                                  |   |          |         |          |   | $0 |   | $0 |
| State                                                                                                                                                    |   |          |         |          |   | 0 |   | 0 |
| Total                                                                                                                                                    |   |          |         |          |   | $0 |   | $0 |
|                                                                                                                                                     |   |          |         |          |   |   |   |   |
| Less                deferred tax benefit:                                                                                                                |   |          |         |          |   |   |
| Timing                differences                                                                                                                        |   |          |         |          | (6,053,987) |   | (4,216,228) |
| Allowance                for recoverability                                                                                                              |   |          |         | 6,053,987     |   | 4,216,228 |
| Provision                for income taxes                                                                                                                |   |          |         | $0            |   | $0 |
|                                                                                                                                                     |   |          |         |          |   |   |   |   |
| A                reconciliation of provision for income taxes at the statutory rate                to                provision                           |   |          |
| for                income taxes at the Company's effective tax rate is as                follows:                                                        |   |          |         |
|                                                                                                                                                     |   |          |         |          |   |   |   |   |
| Statutory                U.S. federal rate                                                                                                               |   |          |         | 34%           |   | 34% |
| Statutory                state and local income tax                                                                                                      |   |          | 10%          |          | 10% |
| Less                allowance for tax recoverability                                                                                                     |   |          | -44%         |          | -44% |
| Effective                rate                                                                                                                            |   |          |         |          | 0% |   | 0% |
|                                                                                                                                                     |   |          |         |          |   |   |   |   |
| Deferred                income taxes are comprised of the following:                                                                                     |   |          |         |          |
|                                                                                                                                                     |   |          |         |          |   |   |   |   |
| Timing                differences                                                                                                                        |   |          |         |          | $6,053,987 |   | $4,216,228 |
| Allowance                for recoverability                                                                                                              |   |          |         | (6,053,987)   |   | (4,216,228) |
| Deferred                tax benefit                                                                                                                      |   |          |         |          | $0 |   | $0 |
|                                                                                                                                                     |   |          |         |          |   |   |   |   |
| Note:                The deferred tax benefits arising from the timing differences begin                to                expire in fiscal year 2010 and |
| may                not be recoverable upon the purchase of the Company under current                IRS                statutes.                         |   |          |

| **7.     ** | **Equity                        Credit Line** |
|--------------------------------------|-----------------------------------------------|

----

| Due    |   | On                demand |   |   | $789,669   |
|--------|--------|--------------------------|--------|--------|------------|
| Due    |   | 14-Nov-06                |   |   | 1,564,380  |
| Due    |   | 15-Dec-06                |   |   | 330,686    |
| Due    |   | 21-Apr-07                |   |   | 616,731    |
| Due    |   | 29-Dec-07                |   |   | 1,008,610  |
|   |   |                     |   |   |       |
|   |   | Total                    |   |   | $4,310,076 |

| **8.     ** | **Issuance                          of Convertible                          Debentures** |
|--------------------------------------|------------------------------------------------------------------------------------------|

During      the first nine months of fiscal 2006, the Company issued convertible debentures      with a face value of $471,875 to pay an incentive fee to the holder of the      equity credit line discussed in Note 7. The debentures are convertible into      common stock at 75% of the lowest bid price of the common stock for the fifteen      days preceding conversion. The debentures carry no interest and mature in April      2007 and June 2011. As a result of the issuance of the debentures, the Company      allocated $370,001 to a beneficial conversion feature. 

| **9.     ** | **Debt** |
|--------------------------------------|----------|

The        following is a detail of debt outstanding at September 30,        2006.

|                                                                                                                        |   | **30-Sep-06** |   | **31-Dec-05** |
|-----------------------------------------------------------------------------------------------------------------------------|--------|---------------|--------|---------------|
|                                                                                                                        |   |          |   |          |
| The                following is a listing of notes payable and advances from                shareholders:                   |   |          |   |          |
|                                                                                                                        |   |          |   |          |
| Convertible                debentures                                                                                       |   | 424,882       |   | 26,195        |
|                                                                                                                        |   |          |   |          |
| Equity                credit line maturing in less than one year at effective interest                of                20% |   | 3,301,466     |   | 3,204,427     |
|                                                                                                                        |   |          |   |          |
| Equity                credit line maturing in December 2007 at effective interest of                20%                     |   | 1,008,610     |   | 0             |
|                                                                                                                        |   |          |   |          |
| Unsecured                advances to shareholders and officers of the                                                       |   |          |   |          |
| Company-                interest payable at 6%                                                                              |   | 179,598       |   | 147,780       |
|                                                                                                                        |   |          |   |          |
|                                                                                                                        |   |          |   |          |
| Total                notes and advances payable to shareholders                                                             |   | $4,914,555    |   | $3,378,402    |

**ITEM      2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF      OPERATION**

**Overview**

----

**General**

----

**I.      Results of Operations**

**Nine      months ended September 30, 2006 vs. nine months ended September 30,      2005.**

**Detail        of general & administrative expenses:**

|                                           | **30-Sep-06** |   | **30-Sep-05** |
|------------------------------------------------|---------------|--------|---------------|
|                                           |          |   |          |
| Advertising                & promotion     | $36,204       |   | $41,286       |
| Administration                                 | 46,142        |   | 257,798       |
| Relocation                                     | 14,800        |   | 0             |
| Consulting                                     | 322,364       |   | 3,488,768     |
| Depreciation                                   | 63,720        |   | 8,743         |
| Investor                incentives/commissions | 159,513       |   | 1,106,008     |
| Professional                fees               | 318,435       |   | 720,911       |
| Rent                & storage              | 87,860        |   | 111,483       |
| Research                                       | 11,983        |   | 1,102,168     |
| Salaries                & benefits         | 128,593       |   | 288,057       |
| Taxes                                          | 122           |   | 21,041        |
| Telephone                                      | 29,234        |   | 107,321       |
| Travel                costs                    | 98,207        |   | 485,965       |
| Well                development                | 474,318       |   | 0             |
|                                           |          |   |          |
| Total                                          | $1,791,495    |   | $7,739,549    |

----

----

**Three      months ended September 30, 2006 vs Three months ended September 30,      2005**

**Discussion      of Financial Condition: Liquidity and Capital Resources**

**ITEM      3. CONTROLS AND PROCEDURES**

**PART      II. OTHER INFORMATION**

**ITEM      1 - LEGAL PROCEEDINGS**

**ITEM      2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF      PROCEEDS**

----

**ITEM      3 - DEFAULTS UPON SENIOR SECURITIES**

**ITEM      4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

**ITEM      5 - OTHER INFORMATION**

**ITEM      6 - EXHIBITS**

**EXHIBIT      No.**
**DESCRIPTION**

| 31.1                                 | Certification                Pursuant to Section 301 of the Sarbanes-Oxley Act of 2002                (3) |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|
| 32.1                                 | Certification Pursuant to 18 U.S.C.              SECTION              1350 (3) |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------|

 

----

|         |                                                                                                      |                              |
|--------------|-----------------------------------------------------------------------------------------------------------|-----------------------------------|
|         | EGPI                FIRECREEK,                INC.                                                        |
|    |                                                                                                 |                         |
|         |                                                                                                      | /s/              Dennis Alexander |
|         | By:              Dennis Alexander                                                                         |
|         | Title:                Chairman, Principal Executive Officer, and CFODate: October ___                2006 |