Horizon Energy Corporation’s Intellipumper will be placed in operation at its East Texas site on the Holmes Oil Unit Number 1 in Cherokee County, Texas. The Intellipumper is a rod pump control solution that optimizes the reliability and energy efficiency of pump wells. As an emerging leader in the discovery and recovery segments of the oil and gas industry, use of this technology is in accordance with Horizon's philosophy of achieving maximum production from existing resources.
'The Intellipumper will improve the performance of each individual stroke of the pump, maximizing production and reducing mechanical stress. The result is a potential for significant savings and maximization of shareholder value,' said Robert Bludorn, President and CEO of Horizon Energy Corporation.