$$\dfrac{x^2}{16} - \dfrac{y^2}{9} - \dfrac{z^2}{1} = 1$$
You're correct: this is an hyperbola, and it does have two sheets. You might want to explore Hyperpoloids for more information on equations of the form $$\frac{x^2}{a^2} - \frac{y^2}{b^2} + \frac{z^2}{c^2} = 1,$$ $$\frac{x^2}{a^2} + \frac{y^2}{b^2} - \frac{z^2}{c^2} = 1,$$
$$\frac{x^2}{a^2} - \frac{y^2}{b^2} - \frac{z^2}{c^2} = 1.$$
$\text{Graph of }\quad\dfrac{x^2}{16} - \dfrac{y^2}{9} - \dfrac{z^2}{1} = 1$

Integer solutions: $(x, y, z): (4, 0, 0), (-4, 0, 0)$.
Solutions in $z: z = \pm \dfrac{1}{12}\sqrt{9x^2 - 16y2 -144}$.
Solutions in $y: y = \pm \dfrac34 \sqrt{x^2 - 16z^2 -16}$