EON Resources Inc
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $24.0M
- Price
- $0.4806
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.75%
- Volume
- 257.9K
About
EON Resources Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. It holds a 100% working interest in the property that consists of 342 producing wells, as well as 207 water injection wells and one water source well covering an area of approximately 13,700 acres. The company was formerly known as HNR Acquisition Corp and changed its name atop EON Resources Inc. in September 2024. EON Resources Inc. was founded in 2017 and is headquartered in Houston, Texas.
Quick stats
Shares outstanding50.0M
Computed float39.9M
Float / shares79.9%
Key info
SectorEnergy
IndustryOil & Gas Exploration & Production
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001842556
Websitehttps://www.eon-r.com
AI Summary
AI-generated1/10
standardbullishoperations update
EON Resources Inc. Announces Results of Engineering and Petrophysics Study in Its South Justis Unit
EON Resources announced that an in-house engineering study of its South Justis Unit identified an estimated 13 million barrels of recoverable oil in the Blinebry Interval.
The company anticipates developing the asset with 21 horizontal wells capable of producing 700-1100 BOPD at an average cost of $4.7 million per well, targeting a peak rate of 10,000 BOPD by 2028.
Management noted the unit's well metrics exceed those of the existing San Andres program and is evaluating whether to pursue development independently or with a partner starting in 2027.
Red flags
- Development partnership structure still under evaluation
- Asset described as 'too small for major players'