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Houston American Energy Corp. shares rise 4.83% after-hours as US gas producers focus on Haynesville basin.
ByAinvest
Friday, Mar 28, 2025 6:41 pm ET1min read
Houston American Energy Corp. rose 4.83% in after-hours trading, with the company benefiting from increased activity in Louisiana's Haynesville shale basin, driven by a boom in liquefied natural gas exports. The Federal Energy Regulatory Commission also issued preliminary environmental support for the Rio Grande LNG project, further boosting the company's prospects. Additionally, upstream oil and gas jobs in Texas rose in February, indicating a healthy oil and gas industry, which could imply more drilling to come.
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