Houston American Energy announces first revenue from State Finkle Unit wells

Houston American Energy (HUSA) announced that production from the State Finkle Unit wells has commenced, with first revenue received. On June 17, 2024, HUSA announced plans to participate in the drilling of six wells, each with approximately three-mile laterals, on the State Finkle Unit in the Wolfcamp formation in Reeves County, Texas. In September 2025, the Company received its first royalties from production at the initial wells. “It is great to see that the funds invested in these wells have started delivering a return for the shareholders,” stated Ed Gillespie, Chief Executive Officer of HUSA. “The revenues will serve to help fund the Company’s transformation from an oil and gas exploration company into a global leader in the renewable energy space, demonstrating how our traditional operations can help fund and support that transition.”