Attached files
file | filename |
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8-K - FORM 8-K - ECA Marcellus Trust I | l40222e8vk.htm |
EX-3.1 - EX-3.1 - ECA Marcellus Trust I | l40222exv3w1.htm |
EX-10.4 - EX-10.4 - ECA Marcellus Trust I | l40222exv10w4.htm |
EX-10.3 - EX-10.3 - ECA Marcellus Trust I | l40222exv10w3.htm |
EX-10.9 - EX-10.9 - ECA Marcellus Trust I | l40222exv10w9.htm |
EX-10.1 - EX-10.1 - ECA Marcellus Trust I | l40222exv10w1.htm |
EX-10.6 - EX-10.6 - ECA Marcellus Trust I | l40222exv10w6.htm |
EX-10.7 - EX-10.7 - ECA Marcellus Trust I | l40222exv10w7.htm |
EX-10.5 - EX-10.5 - ECA Marcellus Trust I | l40222exv10w5.htm |
EX-10.8 - EX-10.8 - ECA Marcellus Trust I | l40222exv10w8.htm |
EX-10.2 - EX-10.2 - ECA Marcellus Trust I | l40222exv10w2.htm |
EX-10.10 - EX-10.10 - ECA Marcellus Trust I | l40222exv10w10.htm |
EX-10.12 - EX-10.12 - ECA Marcellus Trust I | l40222exv10w12.htm |
EX-10.11 - EX-10.11 - ECA Marcellus Trust I | l40222exv10w11.htm |
Exhibit 99.1
ECA Marcellus Trust I Announces Completion of Initial Public Offering of $176,050,000
AUSTIN, TX July 7, 2010 ECA Marcellus Trust I (NYSE: ECT), sponsored by Energy Corporation of
America (ECA), a privately held energy exploration and production company, today announced the
completion of its initial public offering of 8,802,500 of its common units, with total gross
proceeds of $176,050,000.
ECA and certain affiliates hold the remaining 8,802,500 million units of ECT. The underwriters may
also purchase up to an additional 1,320,375 common units from ECA at the initial public offering
price within 30 days of June 30, 2010.
This publicly traded royalty trust consists of 14 producing horizontal Marcellus wells and 52
horizontal Marcellus wells to be drilled over four years, all located in Greene County,
Pennsylvania. ECA presently holds 9,300 acres in this area. ECA conveyed the producing wells to
the trust in connection with this offering and will be responsible for drilling the undeveloped
wells.
A registration statement relating to these securities was declared effective on June 30, 2010, by
the U.S. Securities and Exchange Commission. This press release does not constitute an offer to
sell or a solicitation of an offer to buy the securities described above, nor shall there be any
sale of such common stock in any state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the securities laws of any such
state or jurisdiction.
Raymond James & Associates, Inc. and Citi acted as lead book-running managers of this offering.
Oppenheimer & Co. Inc., RBC Capital Markets Corporation and Robert W. Baird & Co. Incorporated
acted as co-managers. This offering of common units was made only be means of a prospectus, copies
of which may be obtained from Raymond James & Associates, Inc., Attn: Equity Syndicate, 880
Carillon Parkway, St. Petersburg, Florida 33716 or by calling (800) 248 8863, or from Citi,
Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220,
or by calling (800) 831-9146 or by e-mailing batprospectusdept@citi.com.
About ECA Marcellus Trust I:
ECT is a Delaware statutory trust formed by ECA to own term and perpetual royalty interests in
natural gas wells owned by ECA in the Marcellus Shale formation in Greene County, Pennsylvania.
About Energy Corporation of America:
ECA is a privately held energy company engaged in the exploration, development, production,
gathering, aggregation and sale of natural gas and oil, primarily in the Appalachian Basin, Gulf
Coast and Rocky Mountain regions of the United States and in New Zealand. ECA owns and operates
approximately 5,100 wells, 5,000 miles of pipeline, and 1,000,000 acres in North America alone.
Contact:
The Bank of New York Mellon Trust Company, N.A., as Trustee of ECT
Michael J. Ulrich, Vice President
(512) 236-6599
Michael J. Ulrich, Vice President
(512) 236-6599