Horizon Energy Corporation 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.
The county has garnered headlines as part of the Eagle Ford shale play. In money spent on exploration and drilling, this oil-and-gas rich geological formation surpasses every other play in the world, directly creating well over half a million new jobs since its discovery. Texasdrilling.com reports there are currently 18,234 drilled wells in Webb County. The area is home to 250,304 residents, up 29.6 percent since the previous census in 2010.