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
EON Resources (NYSE:EONR) has announced a special conference call scheduled for June 26, 2025, at 10:30 AM EDT to discuss its recent acquisition of the South Justis Field in the Permian Basin. The company is acquiring a 94% working interest in the field through its subsidiary EON Energy, LLC, in exchange for 1.0 million Class A common shares, with no cash or debt involved.
The South Justis Field currently produces 108 barrels of oil per day from 19 active wells and includes 5,360 leasehold acres with 208 total wells. The acquisition, effective June 1, 2025, is expected to generate $1.2 million in net annual cash flow with minimal G&A cost impact.
EON Resources (NYSE:EONR) ha annunciato una conferenza telefonica speciale programmata per il 26 giugno 2025 alle 10:30 AM EDT per discutere della recente acquisizione del giacimento South Justis nella Permian Basin. La società sta acquisendo una quota di lavoro del 94% nel giacimento tramite la sua controllata EON Energy, LLC, in cambio di 1,0 milioni di azioni ordinarie di Classe A, senza coinvolgimento di denaro contante o debiti.
Il giacimento South Justis produce attualmente 108 barili di petrolio al giorno da 19 pozzi attivi e comprende 5.360 acri di concessione con un totale di 208 pozzi. L’acquisizione, effettiva dal 1° giugno 2025, si prevede genererà un flusso di cassa netto annuo di 1,2 milioni di dollari con un impatto minimo sui costi generali e amministrativi.
EON Resources (NYSE:EONR) ha anunciado una llamada especial programada para el 26 de junio de 2025 a las 10:30 AM EDT para discutir su reciente adquisición del campo South Justis en la Cuenca Pérmica. La compañía está adquiriendo un 94% de interés operativo en el campo a través de su subsidiaria EON Energy, LLC, a cambio de 1.0 millón de acciones comunes Clase A, sin involucrar efectivo ni deuda.
El campo South Justis actualmente produce 108 barriles de petróleo por día de 19 pozos activos e incluye 5,360 acres de arrendamiento con un total de 208 pozos. La adquisición, efectiva desde el 1 de junio de 2025, se espera que genere $1.2 millones en flujo de caja neto anual con un impacto mínimo en los costos generales y administrativos.
EON Resources (NYSE:EONR)는 2025년 6월 26일 오전 10시 30분 EDT에 특별 컨퍼런스 콜을 개최하여 퍼미안 분지의 South Justis Field 인수에 대해 논의할 예정입니다. 회사는 자회사 EON Energy, LLC를 통해 해당 유전의 94% 작업 지분을 100만 주의 클래스 A 보통주와 교환하여 현금이나 부채 없이 인수합니다.
South Justis Field는 현재 19개의 활성 유정에서 일일 108배럴의 원유를 생산하며, 총 208개의 유정이 포함된 5,360 에이커의 임대지를 보유하고 있습니다. 2025년 6월 1일부로 유효한 이번 인수는 연간 순 현금 흐름 120만 달러를 창출할 것으로 예상되며, 관리 비용에 미치는 영향은 최소화될 것입니다.
EON Resources (NYSE:EONR) a annoncé une conférence téléphonique spéciale prévue pour le 26 juin 2025 à 10h30 EDT afin de discuter de sa récente acquisition du champ South Justis dans le bassin permien. La société acquiert une participation opérationnelle de 94% dans le champ via sa filiale EON Energy, LLC, en échange de 1,0 million d’actions ordinaires de classe A, sans transaction en espèces ni dette.
Le champ South Justis produit actuellement 108 barils de pétrole par jour provenant de 19 puits actifs et comprend 5 360 acres de concessions avec un total de 208 puits. L’acquisition, effective au 1er juin 2025, devrait générer un flux de trésorerie net annuel de 1,2 million de dollars avec un impact minimal sur les frais généraux et administratifs.
EON Resources (NYSE:EONR) hat eine spezielle Telefonkonferenz für den 26. Juni 2025 um 10:30 Uhr EDT angekündigt, um über die kürzliche Übernahme des South Justis Field im Permian Basin zu sprechen. Das Unternehmen erwirbt über seine Tochtergesellschaft EON Energy, LLC einen 94%igen Betriebsanteil an dem Feld im Austausch für 1,0 Millionen Class A Stammaktien, ohne Bargeld- oder Schuldenbeteiligung.
Das South Justis Field produziert derzeit 108 Barrel Öl pro Tag aus 19 aktiven Bohrungen und umfasst 5.360 Pachtflächen mit insgesamt 208 Bohrungen. Die Übernahme, die am 1. Juni 2025 wirksam wird, soll einen jährlichen Nettobarmittelzufluss von 1,2 Millionen US-Dollar mit minimalen Verwaltungs- und Gemeinkosten generieren.
- All-stock transaction requires no cash or debt financing
- Expected to generate $1.2 million in net annual cash flow
- Acquisition includes 5,360 leasehold acres with significant infrastructure
- Transaction expected to be accretive to earnings
- Minimal impact on G&A costs
- 1.0 million Class A common shares will be issued, causing shareholder dilution
- Current production of 108 BOPD is relatively modest
Insights
EON's all-stock acquisition of South Justis Field adds $1.2M annual cash flow with minimal overhead, representing a strategic Permian Basin expansion.
EON Resources' acquisition of the South Justis Field represents a strategic expansion of its Permian Basin footprint through a well-structured transaction. By exchanging 1 million Class A shares (with no cash or debt) for a 94% working interest, EON has executed an all-equity deal that preserves its balance sheet flexibility while immediately boosting cash flow.
The South Justis assets currently produce 108 BOPD from 19 active wells, generating approximately $1.2 million in annual net cash flow. At current production levels, this implies an acquisition value of roughly
The transaction's structure as an all-stock deal indicates management's confidence in their equity value while avoiding cash outlay or additional leverage. The explicit statement that the deal will be accretive with minimal impact to G&A costs suggests efficient integration of these assets into existing operations. This type of tuck-in acquisition allows EON to leverage its existing operational infrastructure while incrementally growing production and cash flow.
The special investor call signals management views this as a meaningful transaction that warrants dedicated discussion beyond regular quarterly updates, indicating potential strategic importance beyond just the immediate production addition.
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.
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
South Justis is currently producing 108 barrels of oil per day ("BOPD") from 19 actively producing wells, which adds
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.
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.
Information Deck: An information deck about the field will be posted to the EON website prior to the call.
Field Call Webpage: information, webcast, telephone access and replay (EON Events).
Webcast URL: (replay expires Friday, June 26, 2026)
https://www.webcaster4.com/Webcast/Page/2999/52667
Telephone access:
Toll Free: 888-506-0062
International: 973-528-0011
Participant Access Code: 396842
Teleconference Replay Number:
Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 52667
Expires July 10, 2025
About the Grayburg-Jackson Oil Field Property
In November 2023, the Company acquired LH Operating, LLC ("LHO"), including 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 three 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, NM.
Leasehold rights of LHO, now a wholly owned subsidiary of the Company, include the Seven Rivers, Queen, Grayburg and San Andres intervals - these intervals range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2023 reserve report from our third-party engineer, William H. Cobb and Associates, Inc. ("Cobb"), confirms LHO has proven reserves of approximately 15.4 million barrels of oil and 3.5 billion cubic feet of natural gas. The mapped original-oil-in-place ("OOIP") in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval, for a total OOIP of approximately 956,000,000 barrels of oil.
Our primary production is currently from the Seven Rivers Zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a slow decline rate.
About EON Resources, Inc.
EON 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. EON's long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement and other exploitation efforts on its oil and natural gas properties.
EON's Class A Common Stock trades on the NYSE American (NYSE American:EONR) and our public warrants trade on the NYSE American (NYSE American:EONR WS). For more information on EON, please visit the company's website: https://eon-r.com/
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as "expects," "believes," "anticipates," "intends," "estimates," "seeks," "may," "might," "plan," "possible," "should" and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see www.edgar-online.com) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Investor Relations
Michael J. Porter, President
PORTER, LEVAY & ROSE, INC.
mike@plrinvest.com
SOURCE: EON Resources Inc.
View the original press release on ACCESS Newswire
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