EXPLORATION
and DEVELOPMENT 
At
the heart of Energy Corporation of America is the exploration
and development of hydrocarbon reserves. The focus of ECA is
to plan, drill and operate wells in which the company has an
interest.
ECA's
exploration strategy is focused on high reward exploration opportunities
within the Company's main operating areas (Eastern, Western,
New Zealand). Using technology, knowledge and experience, we
selectively engage in exploration projects that have large upside
production potential.
Once
a play of significant potential is proven, a development strategy
is devised to exploit the resource to its fullest extent.
With
over 40 years’ experience in the oil and gas industry’s
most mature region, the century-old Appalachian Basin, ECA has
the personnel and expertise to exploit and capture the Basin’s
many oil and gas plays.
A long-standing development priority for the Company has been
the proven shallow Mississippian formations of southern West
Virginia and eastern Kentucky. These geologically known, low
risk formations are one major component of ECA’s Appalachian
reserve base.
Expanding
beyond the development threshold to prove new reserves and identify
new development sites, ECA drills step-out wells in fringe development
areas in order to extend known productive reservoirs and to
exploit slightly deeper but more often prolific Appalachian
reservoirs such as the Upper Devonian Elk play of western Pennsylvania.
The
Company has a long proven track record with these types of reservoirs
in the Appalachian Basin, and continues to demonstrate high
levels of success in this critically important phase of oil
and gas development.
‘Recompletion’
of proven reservoirs within existing ECA producing wells is
another important operational component and profit center. With
its numerous pay zones, the Appalachian Basin has long offered
excellent behind-pipe opportunities. This strategy favors companies
like ECA, which operate thousands of wells across the Basin.
The
finding costs associated with new recompletion reserves have
proven them to be extremely cost-effective procedures. With
infrastructure and operational systems already in place, recompletion/rework
opportunities are bright for ECA in the Appalachian Basin.
In
south Texas, the Company is moving to appraise and exploit its
recent discoveries in the deep Wilcox and moderate-depth Frio-Cook
Mountain formations, including expanded leasing of associated
prospect acreage and farm-outs.
And
in New Zealand, ECA recently proved a new discovery field that
is reviving exploitation of a long-produced North Island oil
province – the Taranaki Basin.
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