GULFPORT, Miss.--(BUSINESS WIRE)--Horizon Energy Corporation (OTCQB:HORI), an emerging leader in the discovery and recovery segments of the oil and gas industry, announces it is in talks with a south Texas-based exploration company regarding oil and gas prospects in the area. The prospects under consideration are located in the counties of Victoria and San Patricio.
Victoria – the county seat of Victoria County – became an early wildcatter in 1901 during the time of the great Spindletop discovery, when formations of a well being drilled for water along the Guadalupe River showed oil signs. Oil and gas production became an important part of the local economy of that time period, as it is to this day. This year, there are 8,105 drilled wells on 238 producing leases in the county.
San Patricio County borders on two active Eagle Ford counties and is part of the Corpus Christi Metropolitan Statistical Area. There are currently 8,465 drilled wells on 226 producing leases in the county.
“We are looking forward to performing due diligence on these tracts, which appear to be favorable for applying the use of advanced technologies to release reservoirs of oil previously deemed unreachable,” said Robert Bludorn, President and CEO of Horizon Energy Corporation.
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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