Abundia Global Impact Group Inc., an independent oil and gas company, engages in the exploration, development, and production of natural gas, crude oil, and condensate in the United States. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2021, the company owned interests in four gross wells. Houston American Energy Corp. was incorporated in 2001 and is based in Houston, Texas.
Abundia Global Impact Group Provides Business Update Highlighting Continued Execution of Commercialization Strategy
Abundia reported Q2 2026 revenue of $2.0 million, triple the prior year's $0.5 million, driven by the successful integration of acquired subsidiary RPD Technologies.
The company completed Phase 1 of its Cedar Port facility, secured a 10-year feedstock supply agreement for 40,000 tons per year, and appointed Keith Berger as Chief Commercial Officer to strengthen its management team.
The balance sheet remains robust with total assets of $48.5 million and cash of $11.2 million, supporting the continued execution toward a Final Investment Decision targeted for early 2027.