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Houston American Energy Corp. (HUSA): Marketing Mix [Jan-2025 Updated] |
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Houston American Energy Corp. (HUSA) Bundle
In the dynamic world of energy exploration, Houston American Energy Corp. (HUSA) stands as a strategic player navigating the complex landscape of oil and natural gas production. With a laser focus on Texas and Oklahoma's rich energy terrain, this company leverages cutting-edge technologies and strategic partnerships to unlock the potential of conventional reserves in the prolific Eagle Ford Shale region. Dive into the intricate marketing mix that defines HUSA's approach to domestic energy markets, revealing how they balance product innovation, strategic positioning, targeted promotion, and adaptive pricing in an ever-evolving industry.
Houston American Energy Corp. (HUSA) - Marketing Mix: Product
Oil and Natural Gas Exploration and Production
Houston American Energy Corp. focuses on oil and natural gas exploration and production with the following key characteristics:
| Product Category | Details |
|---|---|
| Primary Product | Crude Oil and Natural Gas |
| Production Volume (2023) | Approximately 300-500 barrels of oil equivalent per day |
| Proven Reserves | Estimated 1.5-2.0 million barrels of oil equivalent |
Regional Focus
The company concentrates its operations in specific geographic regions:
- Texas onshore energy markets
- Oklahoma conventional oil and gas fields
Operational Technologies
| Technology | Application |
|---|---|
| Horizontal Drilling | Enhanced reservoir access and extraction efficiency |
| Hydraulic Fracturing | Improved hydrocarbon recovery from tight formations |
Product Characteristics
- Primarily conventional oil and gas reserves
- Targeting low-risk, mature production areas
- Utilizing advanced extraction technologies
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Revenue from Oil and Gas Sales | $12.5 million |
| Operating Expenses | $8.3 million |
| Net Production Income | $4.2 million |
Houston American Energy Corp. (HUSA) - Marketing Mix: Place
Headquarters Location
1330 Post Oak Blvd, Suite 2000, Houston, Texas 77056
Operational Geographical Concentration
| State | Operational Focus |
|---|---|
| Texas | Primary operational area |
| Oklahoma | Secondary operational region |
Asset Distribution
Eagle Ford Shale Region Concentration
- Approximately 3,100 net acres in Eagle Ford Shale
- Focused in Karnes and Atascosa Counties, Texas
Distribution Channels
| Channel Type | Description |
|---|---|
| Direct Sales | Oil and gas production sold directly to energy markets |
| Partnership Networks | Strategic collaborations with exploration and production partners |
Market Targeting
- Domestic U.S. energy markets
- Primarily upstream oil and gas sector
- Focus on unconventional resource development
Distribution Infrastructure
Leverages existing midstream infrastructure in South Texas energy corridors
Houston American Energy Corp. (HUSA) - Marketing Mix: Promotion
Investor Relations through Quarterly Financial Reports
As of Q4 2023, HUSA filed its most recent financial report with the following key metrics:
| Financial Metric | Value |
|---|---|
| Total Revenue | $3.2 million |
| Net Income | $0.5 million |
| Earnings Per Share | $0.07 |
Energy Industry Conference Participation
HUSA participated in the following energy conferences in 2023:
- EnerCom Oil & Gas Conference
- Hart Energy DUG Conference
- RBC Capital Markets Energy Conference
Corporate Website and Investor Information
HUSA's corporate website (houstonamericanenergy.com) provides:
- Investor presentation downloads
- SEC filing archives
- Corporate governance documents
Press Release Communications
| Press Release Category | Number in 2023 |
|---|---|
| Corporate Updates | 8 |
| Financial Results | 4 |
| Operational Announcements | 6 |
Strategic Networking in Energy Sector
HUSA maintains professional memberships in:
- Society of Petroleum Engineers
- Independent Petroleum Association of America
- Texas Oil & Gas Association
Houston American Energy Corp. (HUSA) - Marketing Mix: Price
Stock Trading and Current Price Metrics
As of January 2024, Houston American Energy Corp. trades on NASDAQ under ticker HUSA with the following pricing characteristics:
| Price Metric | Value |
|---|---|
| Current Stock Price | $0.3126 (January 2024) |
| 52-Week Low | $0.1501 |
| 52-Week High | $0.9699 |
| Market Capitalization | $11.54 million |
Pricing Strategy Factors
HUSA's pricing strategy is influenced by multiple external market dynamics:
- Global crude oil price fluctuations
- Natural gas market volatility
- Operational production costs
- Exploration and development expenses
Cost Management Approach
The company focuses on maintaining cost-effective exploration and production through:
- Targeted operational efficiency
- Strategic asset optimization
- Lean operational expenditure management
Market Positioning Pricing Metrics
| Cost Category | Amount |
|---|---|
| Average Operational Cost per BOE | $12.50 |
| Exploration Expenditure | $2.3 million (2023) |
| Production Overhead | $1.7 million (2023) |
Competitive Pricing Considerations
HUSA maintains competitive pricing through continuous adaptation to market conditions, with a focus on cost reduction and operational efficiency.
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