Horizon Energy Corporation Signs Lease Option Agreement for Eagle Ford Acreage

Land Consists of 1,340 Acres in Webb County
Webb County Eagle Ford Shale

Webb County, TX

Horizon Energy Corporation announced in early April that it signed an option agreement for an oil and gas lease in Webb County, TX. The land consists of 1,340 acres located close to Mirando City.

Webb County is in the dry gas window of the Eagle Ford Shale, and also produces oil and gas from the Lobo and Wilcox formations. Horizon, formerly Solar America Corp., did not divulge any of the agreement’s terms.

[Read more…]

Are Eagle Ford Lease Terms Driving Peak Activity?

Operators are drilling faster and faster and the rig count has held above 250 rigs for over a year

Activity across the Eagle Ford has held at a fever pitch for more than a year now. Many operators have improved drilling times and scaled back the number of rigs be utilized, but they’re still drilling the same number of wells. Other operators are stepping in to pickup additional rigs and we’ve seen very little change in the rig count overall. Approximately 270 rigs have been running in the region for almost 12 months.

“You have to drill a well to hold acreage,” said Tudor, who spoke at a media tour hosted by BHP Billiton Petroleum this month. “There’s a lot of that in America.” [Read more…]

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