Profile: ECA Marcellus Trust I (ECT.N)
22 Nov 2017
ECA Marcellus Trust I (the Trust), incorporated on March 19, 2010, is a statutory trust. The Trust is formed by Energy Corporation of America (ECA) to own royalty interests in natural gas properties owned and operated by ECA in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust does not conduct any operations or activities. The Trust's purpose is, in general, to hold the Royalty Interests to distribute to the Trust unitholders cash and to perform certain administrative functions in respect of the Royalty Interests and the Trust units. The Trust owns royalty interests in over 10 Producing Wells (the Producing Wells), and royalty interests in over 50 horizontal natural gas development wells to be drilled to the Marcellus Shale formation (the PUD Wells) within the area of mutual interest (AMI), in which ECA holds approximately 9,300 acres, of which it owned all of the working interests, in Greene County, Pennsylvania. The AMI consists of the Marcellus Shale formation in approximately 120 square miles in Greene County, Pennsylvania. The Trust owns Royalty Interests in over 40 development wells (approximately 52.06 Equivalent PUD Wells) that are in production. These wells are called the Trust Wells.
The Underlying Properties consist of the working interests owned by ECA and the Private Investors in the Marcellus Shale formation in Greene County, Pennsylvania arising under leases and farmout agreements related to properties from which the royalty interest in the Producing Wells (PDP Royalty Interest) and the royalty interest in the PUD Wells (PUD Royalty Interest) were conveyed. ECA markets the majority of its operated production and markets all of the gas produced from the Underlying Properties. The total natural gas reserves attributable to the Trust interests are approximately 46.0 billion cubic feet of natural gas.
ECA Marcellus Trust I
919 Congress Ave Ste 500
AUSTIN TX 78701