EON Resources ( (EONR) ) has provided an announcement.
On February 26, 2025, EON Resources Inc. announced the completion of a preliminary assessment of the Grayburg-Jackson Field in Eddy County, New Mexico, revealing the potential recovery of 20 million barrels of oil and 16 billion cubic feet of natural gas. This assessment is part of an ongoing multi-disciplinary analysis using modern geoscience software, which indicates significant volumes of untapped oil best exploited by horizontal drilling. The findings suggest promising returns on investment and internal rate of return metrics, with the first 50 identified well locations expected to exceed breakeven recovery calculations.
More about EON Resources
EON Resources Inc. is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. The company aims to enhance shareholder value through a diversified portfolio of long-life oil and natural gas properties acquired and developed selectively.
YTD Price Performance: -32.00%
Average Trading Volume: 4,698,224
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.77M
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