GULFPORT, Miss.--(BUSINESS WIRE)--Horizon Energy Corporation (OTCQB:HORI) today announced it has signed an agreement with South Texas-based T-JAY EXPLORATION, LLC, to evaluate several oil and natural gas prospects. The leases are located in the south Texas counties of Victoria and San Patricio. The agreement with T-JAY is the third in Horizon’s ongoing efforts to identify prospective opportunities for the exploration, development and production of domestic oil and gas.
“We are looking forward to joining the independent operators in this area and establishing a mutually advantageous relationship with T-JAY EXPLORATION and its many top-level affiliates,” said Robert Bludorn, President and CEO of Horizon Energy Corporation. He added, “The oil business is a legacy here – part of our rich Texas heritage. We look forward to enhancing the local economy as we explore opportunities in this area.”
According to Texas oil and gas data provider texasdrilling.com, there are currently 8,105 drilled wells on 238 producing leases in Victoria County, and 8,465 drilled wells on 226 producing leases in San Patricio County.
For more information about Horizon Energy Corporation, please visit the company’s website at www.horizonenergyusa.com.
About T-JAY Exploration, LLC
T-JAY EXPLORATION, LLC is a privately held company specializing in Texas and Louisiana Gulf Coast oil and natural gas acquisition, exploration, and development. The company combines industry skills and experience with leading edge technology to generate consistent drillable prospect opportunities. T-JAY integrates strategically aligned relationships, garnering their collective abilities to take oil and gas ventures from inception through investment and finally to drilling, completion, and production, earning excellent returns on investment.
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 in Texas, focusing on small or mature fields, creating value through economies of scale.
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