Horizon Energy sees 300 percent production increase from Texas well

Oil-Refinery-Pump-ImageGULFPORT — 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 CEO of Gulfport-based Horizon Energy. “The successful renewal of this mature field is an example of the effective use of oil recovery technology that will keep independent operators at the forefront of the industry, providing energy that drives our economy.”

Horizon is operating the joint exploration project with Ponta E&P in East Texas.

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