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Tag Archives: oil and gas exploration

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 that can be recompleted in ...

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W&T buys interest in offshore oil fields

HOUSTON — W&T Offshore Inc. has entered into an agreement with Total E&P USA Inc. to acquire Total’s interest in three federal offshore blocks located in the Gulf of Mexico, being Mississippi Canyon Block 243 (Matterhorn) and Viosca Knoll Blocks 822 and 823 (Virgo). The purchase price was not disclosed. The transaction is expected to close within the second quarter ...

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Callon calls special meeting

NATCHEZ — Callon Petroleum Company has set Nov. 30 as the record date for a special meeting of shareholders to be held Dec. 31 at its company headquarters. The meeting will begin at 10:00 a.m. The shareholders will be asked to vote on two issues — an amendment to the company’s Certificate of Incorporation to increase the number of authorized ...

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