Texas’ Leadership in Oil and Gas Drilling Brings Opportunity for Horizon
GULFPORT, Miss. -- July 9, 2014
With 26% of all rigs on Earth now operating in Texas, the state dominates oil
and gas drilling and offers renewed opportunities for companies in the energy
exploration field, such as Horizon Energy Corporation (OTCQB:HORI). The
company is currently conducting oil and gas exploration at the Holmes Oil Unit
Number 1, located in a long established producing trend on the border of
Cherokee and Rusk Counties in East Texas.
While the Texas Railroad Commission reports most of the top Texas counties for
oil production are located in the Eagle Ford Shale, some operators are
returning to fields in East Texas and successfully employing horizontal
drilling and hydraulic fracturing procedures to stimulate wells and target
areas long overlooked or barely tapped.
“We are excited to follow the lead of producers such as Anadarko Petroleum and
EOG Resources in returning to East Texas to revitalize oilfields in this
area,” said Robert Bludorn, President and CEO of Horizon Energy Corporation.
He added, “ As we apply new technology to old fields and gain another pass at
these resources, we help strengthen our state’s world leadership role in the
As previously reported, recent fracture stimulation testing at the Holmes site
has generated optimism and confirmed the presence of oil and gas in sufficient
quantities to warrant moving forward with production. The company has
scheduled a workover rig to put pump equipment back into the well following
testing so the project can proceed to recovery operations.
For more information about Horizon Energy Corporation, please visit the
company’s website at www.horizonenergyusa.com.
About Horizon Energy Corporation
Horizon Energy Corporation was incorporated in the state of Wyoming in 2010.
Its business model and scope of operation includes traditional and
nontraditional energy sector opportunities. It is currently in the business of
acquiring, discovering and developing oil and gas properties.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: This news release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including statements
that include the words "believes," "expects," "anticipates," or similar
expressions. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of the company to differ materially from those expressed or
implied by such forward looking statements. In addition, description of
anyone's past success, either financial or strategic, is no guarantee of
future success. This news release only speaks as of the date of its
Horizon Energy Corporation
Robert Bludorn, 228-822-4708
President and CEO
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