Houston American Energy Corporation is an independent oil and gas exploration and production company based in Houston, Texas. The company was founded in 1981 and has been involved in the exploration, development, and production of oil and natural gas reserves primarily in the United States and South America.
Houston American Energy focuses on acquiring and developing properties with significant exploration and production potential. The company seeks to identify and participate in drilling opportunities that offer attractive risk-reward profiles. Through strategic partnerships and joint ventures, Houston American Energy leverages its technical expertise and industry relationships to pursue exploration projects and maximize the value of its assets.
As an exploration and production company, Houston American Energy is involved in various stages of the oil and gas lifecycle. This includes identifying prospective areas, conducting seismic surveys to assess subsurface formations, drilling exploratory wells, and producing and selling oil and natural gas. The company's operations are subject to various risks and uncertainties, including commodity price fluctuations, regulatory changes, and environmental considerations.
Houston American Energy went public on the NASDAQ stock exchange under the ticker symbol "HUSA" in 1996, allowing investors to participate in the company's growth and development. The public listing provides liquidity for shareholders and enables the company to raise capital for its exploration and development activities. The company's stock price is influenced by factors such as oil and gas market conditions, drilling results, and overall industry trends.
Over the years, Houston American Energy has expanded its operations and diversified its portfolio through acquisitions, joint ventures, and farm-in agreements. The company has pursued opportunities in both conventional and unconventional oil and gas resources, seeking to capitalize on emerging trends and technologies in the energy sector.