Horizon Energy to Address the Needs of Independent Producers

HOUSTON--()--Horizon Energy Corporation (OTCQB: HORI) is currently focusing on the U.S. independent oil and gas community as part of its ongoing efforts to identify prospective opportunities in the exploration, development and production of domestic oil and gas.

According to The Independent Petroleum Association of America (IPAA), independent oil and gas producers are the backbone of U.S. energy production, producing 54% of the nation’s oil, 85% of it’s natural gas and developing the majority of wells. IPAA cites that recent analysis has shown independent producers are investing 150% of their domestic cash flow back into the industry – an effort to enhance delivering energy in an efficient and environmentally responsible manner, an increasing technological challenge.

Independents need advancements in scientific knowledge, technology development and access to land. They need to improve their ability to extract more oil from oil reservoirs that have become uneconomic for large companies (enhanced oil recovery) and explore for and produce new petroleum pools, many of which are too small to interest major companies.

“Low production wells and small fields can be profitable to independent producers, provided they have access to the technology to be more efficient in drilling,” said Robert Bludorn, Chairman and CEO of Horizon Energy Corporation. He added, “Conversely, if an independent discovers a larger resource, a significant capital investment is required to develop it. Horizon is dedicated to working with this community to provide cost effective technology and enhanced oil recovery best practices.”

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 distribution.

Contacts

Horizon Energy Corporation
Robert Bludorn, 228-822-4708
Chairman and CEO

Release Summary

Horizon Energy Corporation (OTCQB: HORI) is currently focusing on the independent energy community as part of its efforts to identify opportunities in domestic exploration, development and production

Sharing

Contacts

Horizon Energy Corporation
Robert Bludorn, 228-822-4708
Chairman and CEO