Welcome!

News Feed Item

eCORP UK and partners joined by Total UK in British shale exploration effort

HOUSTON, Jan. 13, 2014 /PRNewswire/ -- eCORP UK, a subsidiary of privately held eCORP International, LLC, is pleased to announce that it has entered into a Farm-out Agreement (the "Agreement") with Total E&P UK Limited ("Total"), along with partners Island Gas Limited, Egdon Resources U.K. Limited and GP Energy Limited (a subsidiary of Dart Energy Limited).

The Agreement has been made in respect of two large UK Onshore Petroleum Exploration and Development Licences, PEDL 139 and PEDL 140 (the "Licences"), located in the Gainsborough Trough in Lincolnshire.  The Licences cover an area of 240 square kilometres.

This Agreement supplants eCORP's previous farm-in agreement with IGas, Egdon and GP Energy. Transaction details and statements have been provided earlier today by the other parties involved.

Commenting on the Agreement, John Francis Thrash, CEO of eCORP International, LLC, said:

"The entry of this highly respected global shale operator into the UK shale gas exploration effort is a watershed event, not only for the UK, but also, we believe, continental Europe.  From a North American shale E&P perspective, this very compelling prospect has many of the physical attributes of the best basins in the US.  From a shale M&A perspective, the transaction, which represents about one percent of our UK/Europe holdings, is a quantum leap in value creation."

Commenting on the acquisition, Patrice de Vivies, Total's Senior Vice President for Northern Europe, said:

"This opportunity is an important milestone for Total E&P UK and opens a new chapter for the subsidiary in a promising onshore play. The Group is already involved in shale gas projects in the US, Argentina, China, Australia and in Europe in Poland and in Denmark, and will leverage its expertise in this new venture in the UK."

About eCORP International, LLC

General Information – Founded in 1978, eCORP and its predecessor companies have extensive oil and gas experience spanning underground natural gas storage, natural gas transportation, enhanced oil recovery in conventional reservoirs using propane and butane, exploration for and production of conventional and unconventional (shale) reservoirs, electric power generation and marketing of electricity and natural gas. 

Environmental Care and Safety – The company is distinctly characterized by its impeccable safety record, commitment to environmentally sensitive, green development, surface aesthetics and extensive, proactive community engagement driven by an overarching commitment to achieve local community acceptance of its developments, maximize economic and cultural benefit for the local community and build enduring community relationships.‎ In so doing, eCORP has historically moved ahead of and beyond industry and regulatory standards in innovating adaptive technologies to address not only challenging geologic but significantly, environmentally sensitive conditions.

Typical Projects – As a consequence, eCORP was an early mover in the Marcellus play in Pennsylvania, recognizing the play's potential while developing the company's highly acclaimed Stagecoach Storage Natural Gas Storage Facility in upstate New York, and has acquired multi-million prospective conventional and unconventional acreage positions internationally.

Field Services – The company's broad background in hydrocarbon based, green development led to the formation of subsidiary/affiliate services companies, including ecorpStim and eCOREx:

ecorpStim (www.ecorpstim.com) provides reservoir stimulation using pure home-use liquid propane and/or non-flammable liquid fluoro-propane (the propellant in pediatric and adult lung inhalers) in combination with low-density proppants.   These ultra simple binary combinations provide a profoundly environmental impact mitigating reservoir stimulation technology – completely eliminating the use of water, chemical additives, and thus any potential aquifer contamination from any leak or spill at the surface – as the ecorpStim processes use (A) zero water and zero chemicals, and (B) both forms of propane used are gases at ambient pressure and temperature, and thus dissipate quickly.

eCOREx provides specially adapted, zero discharge slim hole drilling for evaluating hydrocarbon reservoirs within a short time frame, obtaining continuous core samples from the surface to total depth of the well with real time analysis of the core samples.

eCORP expects to deploy these field services and environmentally sound technologies in Europe, and globally, to develop its own portfolio of E&P assets, as well as to provide the services to third parties.

Please see:  www.ecorpintl.com

Contact Information

‎John F. Thrash
Chairman & CEO
eCORP International, LLC
(713) 520-0993
[email protected]

Mark Stauss
Director of Commercial Operations
eCORP International, LLC
(713) 520-0993
[email protected]

Disclaimer   www.ecorpintl.com/press-releases/disclaimer/

SOURCE eCORP International, LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...