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corporate profile

Terrace Energy Corp. is an oil & gas exploration and production company focused on onshore, US acquisition and development opportunities.

World-wide oil and gas prices still represent a significant challenge to the industry. The long-term outlook shows some stability at current levels, but no significant indications of strengthening in the foreseeable future. Consequently, the Company has shifted its strategic focus from the acquisition and development of grass-roots exploration projects to large scale project management. The Company is seeking to partner with third-party private equity providers to acquire and develop distressed or non-core producing assets in areas where we can add value. Our primary focus continues to be in the Texas and Louisiana Gulf Coast region as well as the Mid-Continent where our team has a lifetime of experience.

The Company is continuing its program of minimizing operating costs by securing third party management and consulting contracts to leverage the value of our key staff members during this period of strategic refocusing.

The Company will also continue its exposure to long-term exploration upside in South Texas in its nearly 150,000 acre Maverick County exploration program.

our business approach

Terrace Energy Corp. capitalizes on a lifetime of experience and relationships in the oil & gas industry.

Our seasoned team averages more than 35 years of professional energy business experience.

Our disciplined, focused approach is to concentrate on  geological regions within our team’s core expertise while building on life-long relationships, allowing for ready access to high quality project opportunities.

South Texas Location Map