EON Resources Inc. - Chairman and CEO Issues Letter to Shareholders
EON Resources Inc. (NYSE American: EONR), an independent upstream energy company focused on oil and gas operations in the Permian Basin, announced on March 12, 2025, that its Chairman and CEO has issued a letter to shareholders regarding current business activities and plans. The letter has been made available on the company's website under the Governance section of the Investor Relations page at www.EON-R.com.
EON Resources Inc. (NYSE American: EONR), un'azienda energetica indipendente focalizzata sulle operazioni di petrolio e gas nel Permian Basin, ha annunciato il 12 marzo 2025 che il suo Presidente e CEO ha inviato una lettera agli azionisti riguardante le attività aziendali attuali e i piani futuri. La lettera è disponibile sul sito web dell'azienda nella sezione Governance della pagina delle Relazioni con gli Investitori su www.EON-R.com.
EON Resources Inc. (NYSE American: EONR), una compañía energética independiente centrada en operaciones de petróleo y gas en la Cuenca de Permian, anunció el 12 de marzo de 2025 que su Presidente y CEO ha emitido una carta a los accionistas sobre las actividades empresariales actuales y los planes. La carta está disponible en el sitio web de la compañía en la sección de Gobernanza de la página de Relaciones con Inversores en www.EON-R.com.
EON Resources Inc. (NYSE American: EONR)는 Permian Basin에서 석유 및 가스 작업에 중점을 둔 독립적인 업스트림 에너지 회사로, 2025년 3월 12일에 의장 겸 CEO가 현재의 사업 활동 및 계획에 관한 주주들에게 편지를 발송했다고 발표했습니다. 이 편지는 회사 웹사이트의 투자자 관계 페이지의 거버넌스 섹션에서 확인할 수 있습니다: www.EON-R.com.
EON Resources Inc. (NYSE American: EONR), une entreprise énergétique indépendante axée sur les opérations pétrolières et gazières dans le Bassin de Permian, a annoncé le 12 mars 2025 que son Président et PDG a envoyé une lettre aux actionnaires concernant les activités commerciales en cours et les projets. La lettre est disponible sur le site web de l'entreprise dans la section Gouvernance de la page des Relations avec les Investisseurs à www.EON-R.com.
EON Resources Inc. (NYSE American: EONR), ein unabhängiges Unternehmen der upstream Energiebranche, das sich auf Öl- und Gasoperationen im Permian Basin konzentriert, gab am 12. März 2025 bekannt, dass der Vorsitzende und CEO einen Brief an die Aktionäre über die aktuellen Geschäftstätigkeiten und Pläne verschickt hat. Der Brief ist auf der Unternehmenswebsite im Governance-Bereich der Seite für Investorenbeziehungen unter www.EON-R.com verfügbar.
- None.
- None.
HOUSTON, TX / ACCESS Newswire / March 12, 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's Chairman and CEO issues a letter to the shareholders on current business activity and plans.
The letter can be found on the EON website under the Governance section of the Investor Relations page. Link: EON Shareholder Letters and the EON website link: www.EON-R.com
About the 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 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, now a wholly owned subsidiary of the Company, 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 2023 reserve report from our third-party engineer, William H. Cobb and Associates, Inc. ("Cobb"), reflects LHO to have 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 low 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 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://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.
Contact Information
Michael J. Porter
Investor Relations - President, PORTER, LEVAY & ROSE, INC.
mike@plrinvest.com
SOURCE: EON Resources Inc.
View the original press release on ACCESS Newswire
FAQ
Where can investors find EON Resources' (EONR) latest shareholder letter?
What is EON Resources' (EONR) primary operational focus?
When did EON Resources (EONR) release its latest shareholder letter?
Which stock exchange is EON Resources (EONR) listed on?
