Eon Resources Inc. (EONR)

Overview

EON Resources Inc. is an independent oil and natural gas company with a primary focus on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. This area is renowned for its extensive oil and gas reserves, making it a key region for companies in the energy sector. Holding a 100% working interest in 343 producing wells and 207 injection wells, EON Resources Inc. covers an impressive area of approximately 13,700 contiguous acres. These properties represent significant potential for both oil and gas production. Originally named HNR Acquisition Corp, the company underwent a rebranding in September 2024 to become EON Resources Inc., signifying a new phase in its operations. Established in 2020, EON Resources Inc. has its headquarters in Houston, Texas, positioning it in the heart of the United States' energy sector. The strategic location offers numerous advantages, including access to key markets and industry talent.

Products and Services

• Oil Production:

  EON Resources Inc. is engaged in the extraction of crude oil from the Permian Basin. The region’s geology makes it one of the most productive oil-producing areas in the United States. The company's strategy involves developing and exploiting these oil-rich reserves, aiming to maximize production efficiency and profitability.

• Natural Gas Production:

  Aside from oil, EON Resources Inc. is also involved in the production of natural gas. Natural gas is a key energy source that has been growing in demand due to its lower carbon footprint compared to other fossil fuels. By tapping into the natural gas reserves in the Permian Basin, EON Resources Inc. contributes to meeting the energy needs of various sectors and markets.

• Exploration and Development:

  Exploration and development activities form the core of EON Resources Inc.'s operations. The company invests in cutting-edge technology and geological research to identify promising oil and gas reserves within their holdings. Subsequently, they work on developing these sites to commence production, a process that involves drilling new wells and employing enhanced recovery techniques to increase output from existing wells.

• Injection Services:

  Injection services are crucial for enhancing the recovery of oil and gas from wells. EON Resources Inc. operates 207 injection wells, which are employed to inject water, gas, or other substances into the reservoir. This process helps maintain reservoir pressure and improves the extraction efficiency of the producing wells, extending the life of the field and increasing the total recoverable resources.