(HUSA) Houston American Energy - Ratings and Ratios

Houston American Energy Corporation (NYSE MKT:HUSA) is an independent oil and gas company focused on the acquisition, exploration, and production of hydrocarbons. The company operates primarily in three core regions: the Texas Permian Basin, Colombia, and the onshore Louisiana Gulf Coast. Its strategic focus is on exploiting underdeveloped or overlooked hydrocarbon resources in these regions, leveraging advanced drilling and completion technologies to optimize recovery rates and reduce operational costs.

The Permian Basin, a premier hydrocarbon basin in the United States, accounts for a significant portion of the companys operations. Houston American Energy targets multiple stacked pay zones, including the Spraberry, Wolfcamp, and Bone Spring formations, known for their high hydrocarbon saturation and commercial viability. In Colombia, the company holds interests in the Llanos Basin, a region with proven hydrocarbon reserves and infrastructure. The Louisiana Gulf Coast operations focus on shallow, low-risk onshore and shallow water prospects, often involving recompletions or workovers of existing wells to enhance production.

Houston American Energys operational strategy emphasizes a balanced approach between conventional and unconventional plays, allowing the company to diversify risk and capitalize on varying commodity price cycles. The companys asset portfolio is characterized by a mix of operated and non-operated properties, providing flexibility in capital allocation and operational decision-making.