Terrace Energy Corp. does not have significant operations. It intends to seek and evaluates strategic alternative business opportunities. Previously, the company was engaged in the acquisition, exploration, and development of conventional onshore oil and gas properties in the United States. The company was formerly known as Terrace Resources Inc. and changed its name to Terrace Energy Corp. in June 2011.Terrace Energy Corp. was incorporated in 2006 and is headquartered in The Woodlands, Texas.