HISTORY
Today, ECCO Energy Corp., stands independent as an innovative, fast-paced company focused on the acquisition and development of oil and gas properties.
1911- 1931 Barney Skipper Creates a Legacy
In 1911, a real-estate salesman moved to Longview, in Gregg County, Texas with his wife and young son with the intention of convincing anyone who could drill for it that there was oil on his scattered acreages north-west of Longview, where his father had once told him there was oil. Barney Skipper's prophecies fell on deaf ears after Patrick White drilled a dry hole east of Longview in 1924.
Frustrated, Barney Skipper and his wife wrote more than 750 letters to oil companies and other industry service providers trying to convince them to drill where Barney Skipper was certain there was oil. All but one were flat refusals. In 1930 Walter W. Lechner met with Skipper and agreed to help him find a developer and obtain leases.
Lechner finally convinced an old friend, John E. Farrell, to buy 5,000 of the 9,300 acres on which Lechner and Skipper had leases.On Jan. 26, 1931, the drill site known as Lathrop 1 was completed, pouring forth enough oil to fill 20,000 barrels per day. The site was situated just where Skipper, The Longview Oil Prophet, said oil would be. Skipper, Lechner and others involved in the drilling suddenly found themselves very successful men.
2006-Present: ECCO CEO Sam Skipper Forges Ahead
ECCO Energy has been under the direction of founder, Sam Skipper, nephew of Barney Skipper, since he started the company in 2006 with more than 15 years of experience in the oil and gas industry.
ECCO Energy is currently an independent oil and gas company actively engaged in oil and gas development, exploration and production with properties and operational focus in the Gulf Coast region and the Marcellus shale formation region.
ECCO's strategy is to grow by purchasing producing assets at a discount to reserve value, increasing the production rate of reserves, and making productive proved, developed, currently non-producing reserves. Acquisitions to date have provided producing assets. The company's principal assets are oil and gas properties, including a 100% working interest in the Wilson properties.
On March 14, 2007, ECCO Energy's shares of common stock commenced trading on the Over-the-Counter Bulletin Board under the symbol: ECCE.OB. Almost a hundred years after Barney Skipper found oil where others would not look, his nephew is continuing the legacy of daring oil and gas acquisition and development. |