Blue cancel appears to be correct color. The top word appears to be the end of the word "Express", but the bottom letter(s) don't seem to fit the most common origination points -- St Joseph MO; Sacramento, San Francisco, Salt Lake City, Carson City ...
Stamp is off cover; if it were tied to a cover with the full cancel, that would help.
It is a forgery. I can't be certain without a better image, but it looks like Forgery L in the Lyons Identifier books. If you compare your stamp to an image of a genuine stamp, note the shape of the end of the tail and the lack of shading in front of the horse's nose.
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