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Terrace Energy Corp. is an oil & gas exploration and production company focused on onshore, US oil drilling opportunities. 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 two major projects are the STS (Olmos) Project and the Maverick County (multi-formation) Project. The STS Project is in development with 8 wells on production from the Olmos Sandstone and an additional 152 identified locations. The Maverick County Project is in exploration with two Eagle Ford Shale producers and an on-going Pearsall Shale evaluation. Our smaller Cutlass (Eagle Ford) Project is in development with three wells on production. All of our projects contain multiple, repeatable drilling locations as well as additional target horizons slated for future evaluation. Additional projects are under evaluation in similar play areas in Texas.
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