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EON Resources Inc. Announces Special Conference Call Thursday, June 26,2025 at 10:30 AM EDT to Discuss Acquisition of the South Justis Field in the Permian Basin
HOUSTON, TEXAS / ACCESS Newswire / June 24, 2025 / EON Resources, Inc. (NYSE American) (EONR or "the Company") is an independent upstream energy company with oil and gas properties in the Permian Basin. Today the company announced it will hold a special ...
About this update from Eon Resources Inc.
[{"type":"text","content":"HOUSTON, TEXAS / ACCESS Newswire / June 24, 2025 / EON Resources, Inc. (NYSE American) (EONR or "the Company") is an independent upstream energy company with oil and gas properties in the Permian Basin. Today the company announced it will hold a special conference call to update and educate investors regarding the recent acquisition of the South Justis Field in the Permian Basin in Lea County, NM by EON Energy, LLC, its wholly owned subsidiary. Among the topics to be discussed are production, producing zones, cash flow, plans for the remainder of the calendar year and future expansion.","length":602,"tagName":"p"},{"type":"text","content":"On June 20, 2025, EON announced its wholly owned subsidiary, EON Energy, LLC, entered into a Purchase and Sale Agreement with WPP NM, L.L.C. and Northwest Central, L.L.C. to acquire all of their respective interests in the South Justis Field located in the Permian Basin in Lea County, New Mexico. The Company will exchange 1.0 million Class A common shares of EON without any cash consideration or debt for EON Energy, LLC to acquire a 94 percent working interest in the South Justis Field. With the estimated $1.2 million in net annual cash flow, the transaction is expected to be accretive; the effective date of the acquisition is June 1, 2025.","length":648,"tagName":"p"},{"type":"text","content":"South Justis is currently producing 108 barrels of oil per day ("BOPD") from 19 actively producing wells, which adds $1.2 million in net cash flow annually with minimal impact to the EON'S G&A costs. The property includes 5,360 leasehold acres with a total of 208 wells - half are oil-producing, half are water injection wells.","length":345,"tagName":"p"},{"type":"text","content":"Dante Caravaggio, President and CEO will chair the call; Mitchell B Trotter, CFO, and Jesse Allen, VP of Operations, will also speak with investors and answer questions.","length":169,"tagName":"p"},{"type":"text","content":"To Listen to a live broadcast: To listen to a live broadcast, visit the website at least 15 minutes prior to the scheduled start to register to download and install any necessary software. An audio webcast of the conference call will be available within two hours of the call.","length":276,"tagName":"p"},{"type":"text","content":"Information Deck: An information deck about the fi...