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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.
Berens Energy Ltd. is a Edmonton, AB-based company in the Energy & Utilities sector.
Beta OffShore is a Long Beach, CA-based company in the Energy and Utilities sector.
Capital Well Service LLC is a Jourdanton, TX-based company in the Energy & Utilities sector.
Aera Energy LLC (Aera) is one of California’s largest oil and gas producers, accounting for about 25 percent of the state’s production. With headquarters in Bakersfield, most of Aera’s production is centered in the San Joaquin Valley. The company also has oil field operations in the L.A. Basin and in Ventura and Monterey Counties. Aera produces approximately 148,000 barrels of oil and 42 million cubic feet of natural gas each day and has proved oil and gas reserves equivalent to approximately 756 million barrels of oil. Aera is the number one privately-held oil and natural gas company in the nation. The work force needs of Aera are provided by Aera Energy Services Company (Aera Services), a Delaware corporation. Aera and Aera Services provide employment for more than 1,200 people and hundreds of contractor companies. The company, which began operating as Aera Energy LLC on June 1, 1997, consists of the California onshore and offshore exploration and production (E&P) assets previously operated by CalResources LLC (a former Shell Oil Company affiliate), Mobil Exploration & Producing U.S. Inc. (now an Exxon Mobil Corporation affiliate), and ARCO. Today Aera is jointly owned by Shell and ExxonMobil and is operated as a stand-alone company through its own board of managers (directors). The California-based refining, retail petroleum marketing and pipeline operations of Shell and ExxonMobil are not included in Aera.