on EON Resources Inc. (NASDAQ:EONR)
EON Resources Inc. Reports on Recent Acquisitions and Future Outlook
Houston-based EON Resources Inc., an independent energy company, recently addressed shareholders regarding its business activities and future plans. The company's Chairman and CEO shared insights via a letter available on the EON website.
In late 2023, EON acquired LH Operating, LLC, including significant oil and gas assets in New Mexico. These assets feature 13,700 contiguous leasehold acres and 342 producing wells in the Grayburg-Jackson Oil Field located in the Permian Basin. A reserve report reveals proven reserves of approximately 15.4 million barrels of oil and 3.5 billion cubic feet of natural gas.
EON has a strategic focus on maximizing shareholder returns through the development and management of onshore oil and gas properties. The company projects potential long-term production, bolstered by possible additional reserves.
R. P.
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