Horizon Will Put Intellipumper to Work at Its East Texas Site
Rod Pump Control Solution to Maximize Well Production and Efficiency
GULFPORT, Miss.--(BUSINESS WIRE)--Horizon Energy Corporation (OTCQB:HORI) announces the company’s Intellipumper will be placed in operation at its East Texas site on the Holmes Oil Unit Number 1 in Cherokee County, Texas. The Intellipumper is a rod pump control solution that optimizes the reliability and energy efficiency of pump wells. As an emerging leader in the discovery and recovery segments of the oil and gas industry, use of this technology is in accordance with Horizon’s philosophy of achieving maximum production from existing resources.
“The Intellipumper will improve the performance of each individual stroke of the pump, maximizing production and reducing mechanical stress. The result is a potential for significant savings and maximization of shareholder value”
“The Intellipumper will improve the performance of each individual stroke of the pump, maximizing production and reducing mechanical stress. The result is a potential for significant savings and maximization of shareholder value,” said Robert Bludorn, President and CEO of Horizon Energy Corporation.
The Intellipumper was designed for today’s digital oilfield and comes ready for use, featuring simple, cable-free installation, integrated supervisory control and data acquisition (SCADA) communications, wireless control and low maintenance in a rugged, self-contained unit. The Intellipumper can be used to meet the needs of a variety of well types as an independent system or combined with other technologies for a complete digital oilfield solution.
For more information about the Horizon Energy Intellipumper, 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 distribution.