Houston American Energy (NYSE:HUSA) is an independent exploration and production company focused on the acquisition, development and operation of oil and natural gas assets. Founded in the mid-2000s and headquartered in Houston, Texas, the company pursues a strategy of applying modern seismic, drilling and completion technologies to under-exploited onshore fields. Its asset portfolio includes both domestic properties in the Permian Basin and Gulf Coast regions as well as international interests in onshore Sicily, where it holds exploration concessions targeting light oil reservoirs.
In the United States, Houston American Energy’s core operations center on mature fields in West Texas and southeastern New Mexico. The company applies enhanced recovery methods, including horizontal drilling and multi-stage hydraulic fracturing, to extend the productive life of its assets and optimize cash flow. Its Sicilian operations involve a historic onshore concession near Trapani, where it is engaged in seismic evaluation and well planning to unlock hydrocarbons in carbonate formations that have been overlooked by earlier generations of operators.
Throughout its history, Houston American Energy has emphasized a disciplined approach to capital allocation. The management team seeks to balance stable production from established wells with exploration upside in both conventional and unconventional plays. The firm regularly partners with local contractors and service companies to manage costs, de-risk drilling programs and comply with regional regulatory requirements, particularly in Italy where permitting and environmental oversight are critical to project advancement.
Leadership is provided by a seasoned board chaired by S. David Carothers and an executive team led by President and CEO Kenneth M. Cole. The company’s senior management includes John P. Patterson as chief financial officer and David L. Peterson as vice president of operations. Together, they oversee strategic planning, technical execution and stakeholder relations, with a focus on delivering long-term value through prudent resource development and sustainable business practices.
