Our activities are currently focused on the prolific South Texas Cretaceous plays including the Olmos Tight Sandstone, Buda Limestone and the Eagle Ford and Pearsall Shale plays. Our major project is the Olmos Tight Sandstone Development Project which has 19 wells on production from the Olmos Sandstone, 3 wells drilling or awaiting completion and an additional 101 identified locations. Our Maverick County Project is in exploration mode with three Eagle Ford Shale producers and five additional evaluation wells drilled. All of our projects contain multiple, repeatable drilling locations as well as additional target horizons slated for future evaluation.
Our business approach
Terrace Energy Corp. delivers a lifetime of experience and relationships in the oil & gas industry, offering a seasoned team averaging more than 35 years of professional energy business experience.
Our business model is focused on investments in drilling projects targeting multiple objectives and repeatable locations. We are actively engaged in key oil producing provinces where the direct application of cutting edge technology is unlocking enormous potential in well-defined hydrocarbon rich formations previously considered to be unproductive using conventional completion practices.
Our projects are focused on areas where we have specific technical knowledge and notable industry relationships with accomplished partners, contractors and suppliers. We are currently active in two major projects in the prolific South Texas Cretaceous Play.
The team actively builds life-long relationships with comparably situated professional oil and gas colleagues, allowing for ready access to a diversified risk portfolio and exposure to a large and growing pool of energy sector opportunities.
| Company Details | |
|---|---|
| Company Name | Terrace Energy Corp |
| Business Category | Oil & Gas |
| Address | PO Box 21546 1424 Commercial Drive Vancouver British Columbia Canada |
| President | Dan Carriere |
| Year Established | NA |
| Employees | NA |
| Memberships | NA |
| Hours of Operation | NA |
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