EON Resources Inc. Confirms Oil Sales Hedged at $70.00 per Barrel for the Rest of CY 2025
EON Resources Inc. (NYSE:EONR), an independent upstream energy company operating in the Permian Basin, has announced its oil price hedging strategy through the end of 2025. The company has hedged approximately 70% of its oil production at prices ranging from $70.10 to $70.50 per barrel for the next 9 months.
This strategic hedging program aims to protect the company from market volatility, particularly in light of recent oil price fluctuations attributed to Saudi Arabia's expected increase in oil production. According to CFO Mitchell B. Trotter, while the current oil price volatility is not expected to persist long-term, these hedging measures will help safeguard the company's financial results.
EON Resources Inc. (NYSE:EONR), un'azienda energetica indipendente che opera nel bacino permiano, ha annunciato la sua strategia di copertura dei prezzi del petrolio fino alla fine del 2025. L'azienda ha coperto circa il 70% della sua produzione di petrolio a prezzi che variano da 70,10 a 70,50 dollari al barile per i prossimi 9 mesi.
Questo programma di copertura strategica mira a proteggere l'azienda dalla volatilità del mercato, specialmente alla luce delle recenti fluttuazioni dei prezzi del petrolio attribuite all'aspettato aumento della produzione di petrolio da parte dell'Arabia Saudita. Secondo il CFO Mitchell B. Trotter, sebbene la volatilità attuale dei prezzi del petrolio non sia prevista a lungo termine, queste misure di copertura aiuteranno a tutelare i risultati finanziari dell'azienda.
EON Resources Inc. (NYSE:EONR), una compañía energética independiente que opera en la Cuenca Pérmica, ha anunciado su estrategia de cobertura de precios del petróleo hasta finales de 2025. La empresa ha cubierto aproximadamente el 70% de su producción de petróleo a precios que oscilan entre $70.10 y $70.50 por barril durante los próximos 9 meses.
Este programa de cobertura estratégica tiene como objetivo proteger a la empresa de la volatilidad del mercado, especialmente a la luz de las recientes fluctuaciones de precios del petróleo atribuidas al aumento esperado de la producción de petróleo en Arabia Saudita. Según el CFO Mitchell B. Trotter, aunque no se espera que la volatilidad actual de los precios del petróleo persista a largo plazo, estas medidas de cobertura ayudarán a salvaguardar los resultados financieros de la empresa.
EON 리소스 주식회사 (NYSE:EONR), 퍼미안 분지에서 운영되는 독립적인 업스트림 에너지 회사가 2025년 말까지의 유가 헤지 전략을 발표했습니다. 이 회사는 향후 9개월 동안 약 70%의 석유 생산량을 배럴당 70.10달러에서 70.50달러 사이의 가격으로 헤지했습니다.
이 전략적 헤지 프로그램은 최근 사우디아라비아의 석유 생산 증가 예상에 따른 석유 가격 변동성을 감안하여 회사가 시장 변동성으로부터 보호받도록 하는 것을 목표로 하고 있습니다. CFO 미첼 B. 트로터에 따르면 현재의 석유 가격 변동성이 장기적으로 지속될 것으로 예상되지는 않지만, 이러한 헤지 조치는 회사의 재무 결과를 보호하는 데 도움이 될 것입니다.
EON Resources Inc. (NYSE:EONR), une entreprise énergétique indépendante opérant dans le bassin permien, a annoncé sa stratégie de couverture des prix du pétrole jusqu'à la fin de 2025. L'entreprise a couvert environ 70 % de sa production de pétrole à des prix variant de 70,10 à 70,50 dollars le baril pour les 9 prochains mois.
Ce programme de couverture stratégique vise à protéger l'entreprise contre la volatilité du marché, notamment à la lumière des récentes fluctuations des prix du pétrole attribuées à l'augmentation prévue de la production de pétrole par l'Arabie Saoudite. Selon le CFO Mitchell B. Trotter, bien que la volatilité actuelle des prix du pétrole ne soit pas censée persister à long terme, ces mesures de couverture aideront à protéger les résultats financiers de l'entreprise.
EON Resources Inc. (NYSE:EONR), ein unabhängiges upstream Energieunternehmen, das im Permian-Becken tätig ist, hat seine Ölpreisabsicherungsstrategie bis Ende 2025 bekannt gegeben. Das Unternehmen hat etwa 70% seiner Ölproduktion zu Preisen zwischen 70,10 und 70,50 Dollar pro Barrel für die nächsten 9 Monate abgesichert.
Dieses strategische Absicherungsprogramm zielt darauf ab, das Unternehmen vor Marktschwankungen zu schützen, insbesondere im Hinblick auf die jüngsten Ölpreisschwankungen, die auf die erwartete Erhöhung der Ölproduktion durch Saudi-Arabien zurückzuführen sind. Laut CFO Mitchell B. Trotter wird zwar nicht erwartet, dass die aktuelle Ölpreisvolatilität langfristig anhält, aber diese Absicherungsmaßnahmen werden dazu beitragen, die finanziellen Ergebnisse des Unternehmens zu sichern.
- 70% of oil production hedged against price volatility
- Secured favorable hedge prices between $70.10-$70.50 per barrel
- Fixed volume and price contracts provide revenue stability for 9 months
- upside potential on 70% of production if oil prices rise above $70.50
- Significant portion of production locked at fixed prices during market uncertainty
HOUSTON, TX / ACCESS Newswire / April 7, 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. Given the current volatility in the market, the Company's contractual hedging program mitigates the negative impact of reduced oil price risk through the end of CY 2025.
Approximately
70% of the Company's oil production is contractually hedged.Hedge prices the Company receives are from
$70.10 t o$70.50 per barrel.The hedges are established and fixed in volume and price for the next 9 months.
"EON has a very responsible hedging program designed to protect the Company from volatile swings in oil prices as we have witnessed this week apparently driven by the expected increase in oil production by Saudi Arabia," said Mitchell B. Trotter, CFO of EON. "While we do not believe that the current oil price volatility will last for an extended period of time, our hedging program mitigates a negative impact to our financial results."
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
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