East Texas Oil Expert Enlisted for Horizon’s Cherokee County Exploration Project
May 27, 2014 at 08:30 AM EDT
Horizon Energy Corporation (OTCQB:HORI) today announces completion and fracturing design expert Tom Bailey, with SDS Petroleum Consultants, has been engaged to support the exploration operation at a site on the Holmes Oil Unit Number 1 in Cherokee County, Texas. The project is part of a joint operating agreement with Ponta E&P, LLP, to conduct oil and gas exploration on land located in the lower Pettit formation close to the town of Rusk, the Cherokee county seat.
The agreement with Ponta is among the first projects in Horizon’s ongoing efforts to acquire working interests in crude oil and natural gas properties in Texas, with the intent of exploration and development or by enhancing production through the use of advanced technology.
“We welcome Tom Bailey to our team. He will be on hand when the workover activities start during the coming days,” said Robert Bludorn, President and CEO of Horizon Energy Corporation. “Exploration in this area has become hot again, thanks to horizontal drilling, hydraulic fracturing and advanced technology, and Horizon is excited to be among other operators who are returning to their roots in East Texas.”
With producers such as Anadarko Petroleum Corp. (NYSE:APC) and EOG Resources, Inc. returning to East Texas and applying new techniques, oil and gas prospects in this area are coming back to life and providing an opportunity for another run at areas that have long been overlooked or barely tapped.
SDS Petroleum Consultants are drilling and completion experts with origins in East Texas whose services include well site supervision for oil and gas operations across the U.S. Bailey has 32 years' experience in the areas of field design and execution for stimulation, acid, casing and completion 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.
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