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EON Resources Inc. Posts South Justis Field Call Deck to the Company Website
HOUSTON, TEXAS / ACCESS Newswire / June 26, 2025 /EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company posted an investor deck ...
About this update from Eon Resources Inc.
[{"type":"text","content":"HOUSTON, TEXAS / ACCESS Newswire / June 26, 2025 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company posted an investor deck regarding the South Justis Field acquisition to the Company's website: https://www.eon-r.com/presentations","length":381,"tagName":"p"},{"type":"text","content":"About the South Justis Field Property","length":37,"tagName":"p"},{"type":"text","content":"The South Justis Field ("SJF" or "Field") is a carbonate reservoir, similar to the rest of the Permian. The Field was first developed in the 1960's and had an initial production in the 6,000 BOPD range. The waterflood implemented at a cost of $40 million dollars in the 1990's by a major oil company. The subsequent owners of the Field had higher priorities, which led to an increase in idle wells with downhole failures, thus allowing the production to drop dramatically. The Seller acquired the field and has reactivated several wells and increased the production of oil.","length":601,"tagName":"p"},{"type":"text","content":"The SJF comprises of 5,360 contiguous acres with 208 combined producing and injection wells with large spacing of 50 acres. The field is located in the Central Basin of the prolific Permian Basin in Lea County, New Mexico located approximately 100 miles from EON's Grayburg-Jackson Oil Field property. The rights include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals that range from 5,000 feet to 7,000 feet in depth. The original-oil-in-place ("OOIP") is approximately 207 million barrels of oil.","length":529,"tagName":"p"},{"type":"text","content":"About the Grayburg-Jackson Oil Field Property","length":45,"tagName":"p"},{"type":"text","content":"LH Operating, LLC ("LHO"), a wholly owned subsidiary of EON, operates its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico.","length":433,"tagName":"p"},{"type":"text","content":"Leasehold ...