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Penny Stock Pick Hori Is The Best In Our EyesBy Expert Author: Katie Newman
Horizon Energy Corp (HORI)
On Wednesday March 16th, 2014 (HORI) released the following news:
Horizon Energy Eyes Webb County Texas for Additional Drilling Prospects “Horizon Energy Corporation (HORI) is currently exploring additional drilling prospects in Webb County, Texas. Horizon recently signed an option agreement for a two-tract lease totaling 1,340 acres close to Mirando City. According to the Railroad Commission of Texas, oil and gas statistics for the state released in January of this year put Webb County in second place in Texas gas production for the month of November 2013, with 31,320,676 MCF.” READ THE FULL NEWS HERE
Horizon Energy Corporation (OTCQB: HORI) helps meet the challenges of achieving national energy self-sufficiency by boosting low producing oil wells or bringing previously drilled reservoirs back online. According to the U.S. Department of Energy, the average oilfield only yields 30 – 35% of its potential. Horizon is dedicated to finding unconventional solutions to helping unlock the 89 billion barrels of additional oil trapped in onshore reserves.
Dramatic Upside Potential
Horizon Energy is seeking new field discovery wells where there is an extremely high ultimate return. Additionally, large profits can be realized by drilling low risk offset development wells in known reservoirs.
Long-term Economic Value
Although oil and gas wells eventually deplete, these properties often become more valuable with age, even after a large portion of their primary reserves has been produced. This is due to:
Shallower and deeper bypassed productive zones that can often be redeveloped.
New well completion, treatment and production techniques and secondary recovery that can lead to greatly increased field production.
Increased oil and gas prices.
Oil and gas investments are an excellent inflation hedge that can deliver increasing cash flow in an environment with rising price indices. Major oil companies, independents and individuals utilize oil and gas property auctions that are a stable and ready marketplace to buy and sell oil and gas properties, ranging from multi-well packages to fractional interests in a single well. At typical auctions, tens of millions of dollars will change hands.
Physical and Political Safety
Onshore oil and gas properties and reserves in the U.S. are physically and politically safe in a troubled world, the planet’s finest asset in the world’s safest place. Securely buried in reservoirs of rock thousands of feet underground, oil and natural gas cannot deteriorate, be stolen or destroyed.
Horizon Energy Corporation is a company engaged primarily in the acquisition, exploration and development of properties for the production of crude oil and natural gas, onshore in the United States.
We acquire known, underdeveloped oil and natural gas resources and develop them through the application of capital, sound engineering and modern technology to increase production, gain ultimate recoveries, or both.
To carry out this strategy, we work to generate and execute scalable, low unit cost, development and re-development opportunities that minimize or eliminate exploration risks. These opportunities involve the application of proven oilfield technology, our own proprietary technology and our specific expertise in overlooked areas of the United States.
Who We Are
We are an independent oil and gas exploration company focusing on the fundamentals of company growth and profitability in an effort to enhance shareholder wealth. Our team is comprised of seasoned industry professionals. Our focus on growth is aimed at discovering new sources of oil and natural gas reserves, acquiring strategically significant properties and boosting cash flows using new oilfield technologies.
Horizon Energy intends to enhance shareholder value by focusing on the fundamental principles of the company, i.e. reserve growth and profitability. We have a three-pronged strategy to grow our pool of oil and gas reserves.
The three components of our growth strategy
• Cost effective implementation of internally and externally generated drilling projects.
• Development of new oilfield drilling, completion and production technologies.
• Identification and acquisition of strategic producing properties that may be enhanced with the implementation of our pumping technology.
(HORI) Oilfield Technology
Horizon is dedicated to helping deliver safe, reliable energy management. Technology continues to drive our nation’s search for energy and entrepreneurial independent oil and natural gas operators will lead the way, provided the necessary R&D investments are made.
As an emerging leader in energy technology, Horizon offers a proven rod pump solution that can enhance production (including that of mature wells) through advanced extraction control.
• Maximizes total output
• Reduces operational expenses
• Improves pump efficiency
• Extends equipment life
• Reduces risk to people and equipment
• Decreases energy consumption and waste
• Streamlines data collection, sharing and analysis
• Designed to work in harsh environments
• The IntelliPumper is an automated oil and gas field solution that can become part of a larger, integrated system known as the digital or Smart Oil/Gas Field. The IntelliPumper can be deployed as a stand-alone pump control solution or as part of an overall Smart Oil/Gas Field strategy.
The IntelliPumper is an automated oil and gas field solution that can become part of a larger, integrated system known as the digital or Smart Oil/Gas Field. The IntelliPumper can be deployed as a stand-alone pump control solution or as part of an overall Smart Oil/Gas Field strategy.
Advanced Oil Recovery
Horizon’s mission is to help revitalize American oilfields using proprietary, proven and specific techniques. A a set of techniques is used to stimulate and extract remaining oil from previously drilled reservoirs where primary and secondary extraction methods have taken place. Industry recovers around 35% of oil from reservoirs. The rest remains trapped in the rock. EOR
These techniques have proven worthwhile in several areas of the United States, including Utah, Texas and Mississippi.
Three major categories of oil recovery have been found to be commercially successful. These are thermal recovery, gas injection and chemical injection. Each field must be heavily evaluated to determine which type of technique will work best on the reservoir.
Waterflooding is the use of water injection to increase the production from oil reservoirs. The use of water to increase oil production is known as “secondary recovery” and typically follows “primary production,” which uses the reservoir’s natural energy (fluid and rock expansion, solution-gas drive, gravity drainage, and aquifer influx) to produce oil.
In great contrast to the country’s current proven domestic reserves, which are estimated at 21.9 billion barrels, there are approximately 89 billion barrels of additional oil trapped in onshore reserves. The application of enhanced oil recovery technologies on U. S. reserves could increase the country’s oil recovery from approximately 30% to more than 60%.
According to a study by University of Texas of the Permian Basin Center for Energy and Economic Diversification, in the Permian Basin alone, 56 fields in five major Permian Basin oil plays have been identified as “Residual Oil Zones” (ROZ). These areas have the potential for significant recoverable oil estimated to be 30.7 billion barrels. Similar zones occur in other areas of Texas and other regions in the U.S.
(HORI) Management Team
CEO/ Corporate Secretary
Horizon Energy Eyes Webb County Texas for Additional Drilling Prospects
HORIZON ENERGY CORP. Files SEC form 10-K, Annual Report
Horizon Energy Completes Oil and Gas Lease Option Agreement in East Texas
Horizon Exploring Oil and Natural Gas Opportunities in East and South
Horizon Energy Signs Oil and Gas Lease Option
Horizon Energy to Address the Needs of Independent Producers
Horizon Signs Consultant to Identify Oil and Gas Industry Opportunities
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