|By PR Newswire||
|January 13, 2014 04:15 AM EST||
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
John F. Thrash
Chairman & CEO
eCORP International, LLC
Director of Commercial Operations
eCORP International, LLC
SOURCE eCORP International, LLC
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Oct. 24, 2016 08:15 AM EDT Reads: 3,139
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
Oct. 24, 2016 08:00 AM EDT Reads: 830
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Oct. 24, 2016 07:30 AM EDT Reads: 2,543
DevOps is speeding towards the IT world like a freight train and the hype around it is deafening. There is no reason to be afraid of this change as it is the natural reaction to the agile movement that revolutionized development just a few years ago. By definition, DevOps is the natural alignment of IT performance to business profitability. The relevance of this has yet to be quantified but it has been suggested that the route to the CEO’s chair will come from the IT leaders that successfully ma...
Oct. 24, 2016 07:30 AM EDT Reads: 16,428
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Oct. 24, 2016 07:15 AM EDT Reads: 915
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Oct. 24, 2016 05:45 AM EDT Reads: 11,374
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Oct. 24, 2016 05:15 AM EDT Reads: 2,516
The Quantified Economy represents the total global addressable market (TAM) for IoT that, according to a recent IDC report, will grow to an unprecedented $1.3 trillion by 2019. With this the third wave of the Internet-global proliferation of connected devices, appliances and sensors is poised to take off in 2016. In his session at @ThingsExpo, David McLauchlan, CEO and co-founder of Buddy Platform, discussed how the ability to access and analyze the massive volume of streaming data from millio...
Oct. 24, 2016 05:00 AM EDT Reads: 3,095
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Oct. 24, 2016 05:00 AM EDT Reads: 5,534
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Oct. 24, 2016 05:00 AM EDT Reads: 2,499
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Oct. 24, 2016 05:00 AM EDT Reads: 860
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Oct. 24, 2016 04:45 AM EDT Reads: 3,327
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
Oct. 24, 2016 04:30 AM EDT Reads: 1,318
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Oct. 24, 2016 04:30 AM EDT Reads: 2,504
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and microservices. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your conta...
Oct. 24, 2016 04:00 AM EDT Reads: 1,484