EON Resources Inc. Reports Management and Directors Buy 301,000 Shares of EON Class A Common Stock
EON Resources Inc. (NYSE American: EONR), an independent upstream energy company operating in the Permian Basin, announced that its management team and independent directors have purchased 301,000 shares of the Company's Class A Common Stock on the open market.
The company highlighted two major upcoming events: First, Enstream funding of $52 million to pay off seller agreement, clear senior debt, and fund $9.5 million in oil well workovers. Second, the selection of a drilling partner expected to bring $50-$100 million in funding to develop San Andres reserves. Both events are projected to close in August 2025, though completion is not guaranteed.
EON Resources currently holds 20,000 leasehold acres across two fields in southeast New Mexico's Permian Basin.
EON Resources Inc. (NYSE American: EONR), una società indipendente di esplorazione e produzione nel settore energetico operante nel Bacino Permiano, ha annunciato che il suo team di gestione e i direttori indipendenti hanno acquistato 301.000 azioni della Classe A del capitale sociale della Società sul mercato aperto.
L'azienda ha evidenziato due eventi importanti in arrivo: primo, un finanziamento Enstream di 52 milioni di dollari per estinguere l'accordo con il venditore, saldare i debiti senior e finanziare 9,5 milioni di dollari per lavori di manutenzione su pozzi petroliferi. Secondo, la selezione di un partner per la perforazione che dovrebbe portare un finanziamento tra 50 e 100 milioni di dollari per sviluppare le riserve di San Andres. Entrambi gli eventi sono previsti per concludersi nell'agosto 2025, anche se il completamento non è garantito.
Attualmente EON Resources detiene 20.000 acri di concessioni distribuiti su due giacimenti nel sud-est del Bacino Permiano, nel New Mexico.
EON Resources Inc. (NYSE American: EONR), una compañía independiente de energía upstream que opera en la Cuenca Pérmica, anunció que su equipo directivo y los directores independientes han comprado 301,000 acciones de las acciones comunes Clase A de la Compañía en el mercado abierto.
La empresa destacó dos eventos importantes próximos: primero, un financiamiento de Enstream de 52 millones de dólares para pagar el acuerdo con el vendedor, liquidar la deuda senior y financiar 9.5 millones de dólares en trabajos de mantenimiento de pozos petroleros. Segundo, la selección de un socio de perforación que se espera aporte un financiamiento de entre 50 y 100 millones de dólares para desarrollar las reservas de San Andrés. Ambos eventos están proyectados para cerrarse en agosto de 2025, aunque no se garantiza su finalización.
EON Resources actualmente posee 20,000 acres de arrendamiento en dos campos en el sureste de la Cuenca Pérmica en Nuevo México.
EON Resources Inc. (NYSE American: EONR)는 페름 분지에서 독립적인 상류 에너지 회사로, 경영진과 독립 이사들이 회사의 클래스 A 보통주 301,000주를 공개 시장에서 매입했다고 발표했습니다.
회사는 두 가지 주요 향후 이벤트를 강조했습니다: 첫째, 판매자 계약 상환, 선순위 부채 청산 및 950만 달러 규모의 유정 작업 재정을 위한 5200만 달러 규모의 Enstream 자금 조달. 둘째, 산 안드레스 매장량 개발을 위해 5천만 달러에서 1억 달러의 자금을 제공할 것으로 예상되는 시추 파트너 선정입니다. 두 이벤트 모두 2025년 8월에 완료될 예정이나, 완료가 보장되지는 않습니다.
EON Resources는 현재 뉴멕시코 동남부 페름 분지 내 두 개 유전에서 20,000 에이커의 임대지를 보유하고 있습니다.
EON Resources Inc. (NYSE American : EONR), une société énergétique indépendante en amont opérant dans le bassin permien, a annoncé que son équipe de direction et ses administrateurs indépendants ont acheté 301 000 actions de la classe A de la société sur le marché ouvert.
L'entreprise a mis en avant deux événements majeurs à venir : d'abord, un financement Enstream de 52 millions de dollars pour rembourser un accord vendeur, apurer la dette senior et financer 9,5 millions de dollars de travaux de remise en état de puits pétroliers. Ensuite, la sélection d'un partenaire de forage qui devrait apporter un financement compris entre 50 et 100 millions de dollars pour développer les réserves de San Andres. Ces deux opérations devraient se conclure en août 2025, bien que leur réalisation ne soit pas garantie.
EON Resources détient actuellement 20 000 acres de concessions réparties sur deux champs dans le sud-est du bassin permien au Nouveau-Mexique.
EON Resources Inc. (NYSE American: EONR), ein unabhängiges Upstream-Energieunternehmen, das im Permian-Becken tätig ist, gab bekannt, dass sein Management-Team und unabhängige Direktoren 301.000 Aktien der Klasse A Stammaktien des Unternehmens am offenen Markt erworben haben.
Das Unternehmen hob zwei wichtige bevorstehende Ereignisse hervor: Erstens eine Enstream-Finanzierung in Höhe von 52 Millionen US-Dollar zur Ablösung der Verkäufervereinbarung, Tilgung der vorrangigen Schulden und Finanzierung von 9,5 Millionen US-Dollar für Ölbohrloch-Instandsetzungen. Zweitens die Auswahl eines Bohrpartners, der voraussichtlich 50 bis 100 Millionen US-Dollar zur Entwicklung der San-Andres-Vorräte bereitstellen wird. Beide Ereignisse sollen im August 2025 abgeschlossen sein, wobei ein Abschluss nicht garantiert ist.
EON Resources hält derzeit 20.000 Pachtakren über zwei Felder im Südosten des Permian-Beckens in New Mexico.
- Management and directors demonstrate confidence through purchase of 301,000 shares
- Upcoming $52 million Enstream funding to strengthen balance sheet and increase oil production
- Potential $50-100 million funding from future drilling partner
- $9.5 million allocated for oil well workovers to enhance production
- No assurance provided for the closing of projected August events
- Company currently carries senior debt requiring payoff
HOUSTON, TEXAS / ACCESS Newswire / July 1, 2025 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with 20,000 leasehold acres comprising two fields in the Permian Basin in southeast New Mexico. Today, the Company reports that the management team and independent directors ("Team") bought a combined 301,000 shares of the Company's Class A Common Stock on the open market.
"The Team, during a short window between the announcement of the South Justis Field acquisition and the quarter-end black-out period, was able to buy a significant number of shares," said Mitchell B. Trotter, CFO of the Company.
Dante Caravaggio, President and CEO of the Company, stated that "We have two major projected events, previously announced, that make a step change for EON. The first is the Enstream funding of
About the Grayburg-Jackson Oil Field Property
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.
Leasehold rights of LHO include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2024 reserve report from our third-party engineer, Haas and Cobb Petroleum Consultants, LLC ("Haas & Cobb" or "Cobb"), reflects LHO to have proven reserves of approximately 14.0 million barrels of oil and 2.8 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 low decline rate.
About the South Justis Field Property
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
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.
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 Stock Exchange (NYSE American: EONR) and the Company's public warrants trade on the NYSE American Stock Exchange (NYSE American: EONR WS). For more information on EON, please visit the Company's website: https://www.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
FAQ
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