Houston American Energy Corp.

Houston American Energy Corp. today provided an update on operations on the Frost #1H well located in the Northwest Shelf of the Midland Basis, in Yoakum County, Texas.  Frac operations on the Frost #1-H well have been completed and the well has been put on production as of June 5, 2019.  The well began producing oil immediately and has been in the process of unloading the frac fluid while continuing to produce oil.  Once [...]

 Houston American Energy Corp. today announced the initiation of fracking operations on the company's Frost #1H well. The Frost #1H well is located in the Northwest Shelf of the Midland Basis, in Yoakum County, Texas, and targets the "Exploration" component of the San Andres Formation. Houston American Energy Corp. holds a 12.5% working interest in the 650-acre prospect. Jim Schoonover, interim CEO of [...]

Houston American Energy Corp. today announced financial results for its fourth quarter and year ended December 31, 2018. Net income for the fourth quarter of 2018 was $64,665 compared to a net loss of $282,663 for the fourth quarter of 2017.  For the twelve months ended December 31, 2018, net loss was $251,336 compared to a net loss of $2,037,614 for the twelve months ended December 31, 2017. The improvement in quarterly [...]

 Houston American Energy Corp. today provided an update with respect to drilling operations on its San Andres prospect in Yoakum County, Texas. The Frost #1H well, the company's first well on the prospect, has reached total depth of approximately 10,000 feet, including an approximately 4,800-foot horizontal leg, and casing is being set. The operator has advised that it plans to initiate fracking of the well in the [...]

 Houston American Energy Corp. today announced that it has leased to a third party operator its interest in mineral acreage in East and West Baton Rouge Parishes in Louisiana. The leased acreage covers 743.94 gross acres out of a larger 2,485 gross acre block .  The larger block is the site of HUSA's Crown Paper #1 well. Pursuant to the terms of the lease, the operator has paid a lease bonus of $600 per acre, or $104,616 [...]

Houston American Energy Corp. today announced financial results for its third quarter and nine months ended September 30, 2018. Net loss for the third quarter of 2018 was $116,831 compared to a net loss of $786,278 for the third quarter of 2017.  For the nine months ended September 30, 2018, net loss was $316,000 compared to a net loss of $1,754,951 for the nine months ended September 30, 2017. The decline in loss [...]

 Houston American Energy Corp. today announced an update on the drilling plans for the San Andres prospect.  As previously reported, the company entered into an agreement to acquire a 12.5% working interest in a prospect covering approximately 650 gross acres in Yoakum County, TX. The company has been notified by the prospect operator that unanticipated issues that had delayed drilling operations have been resolved and [...]

HOUSTON, June 7, 2018 /PRNewswire/ -- Houston American Energy Corp. today announced certain management changes. After careful consideration, the board of directors of Houston American determined not to renew the position of John Boylan as Chairman, President and CEO of the Company, terminating Mr. Boylan's service in those positions effective immediately. Houston American will immediately commence a search for Mr [...]

HOUSTON, May 22, 2018 /PRNewswire/ -- Houston American Energy Corp. , a Permian Basin-focused E&P company, today announced that it has entered into an agreement to acquire a 12.5% working interest in a prospect covering approximately 650 gross acres in Yoakum County, Texas. The prospect is a Horizontal San Andres prospect located in the Northwest Shelf at the northern portion of the Midland Basin in west Texas. Principal [...]

Reeves County production and higher energy prices drive 1209% YOY Q1 revenue increase HOUSTON, May 14, 2018 /PRNewswire/ -- Houston American Energy Corp. , a Permian Basin-focused E&P company, today announced financial results for the 2018 First Quarter and provided an update on activity on its Reeves County, Texas acreage. Q1 2018 Financial and Production Highlights Q1 2018 revenues rose sharply on increased production [...]