Posts Tagged ‘Ponta E&P’

Well exploration in East Texas exceeds Horizon’s expectations

GULFPORT — Horizon Energy Corporation reports better-than-expected results for its exploration project in East Texas, and has received the first proceeds from the initial well. The well came out of workover and stimulation operations in July. Horizon is conducting the joint exploration project with Ponta E&P and is currently evaluating other drilling opportunities with Ponta […] [...]

Horizon Energy sees 300 percent production increase from Texas well

GULFPORT — Horizon Energy Corporation’s workover and stimulation operation at the Holmes Oil Unit Number 1 in Cherokee County, Texas, has increased production 300 percent since the beginning of the project. “This operation is still coming out of initial production and we are very encouraged at the prospects going forward,” said Robert Bludorn, president and […] [...]

Horizon ‘optimistic’ after testing in Texas shows oil, gas

GULFPORT — Horizon Energy Corporation is “optimistic” after fracture stimulation testing at the Holmes Oil Unit Number 1 in Cherokee County, Texas. Swabbing procedures have confirmed the presence of oil and gas in sufficient quantities to warrant scheduling production. A workover rig will arrive onsite within the next two weeks to put pump equipment back […] [...]

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