EON Resources Says Infrastructure Improvements, Upgrades Increase Oil Production; Shares Rise

MT Newswires Live10-03

EON Resources (EONR) said Thursday it completed infrastructure improvements and upgrades to increase its daily oil production to more than 1,000 gross barrels of oil per day range from an inherited baseline of 925 BOPD.

The company also said that the infrastructure improvements have raised water injection by 50% from previous levels, which will improve its oil production in the following months.

Completion of the projects will enhance the company's production for the next three to five years, EON said.

"Chevron, our largest customer, has notified us they will gladly take all our production, as well as any increases we produce," said EON Chief Executive Dante Caravaggio. "We expect production in the 4th quarter to increase as we approach breakeven."

EON shares were nearly 8% higher in recent trading.

Price: 1.76, Change: +0.12, Percent Change: +7.32

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472648517?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-03 23:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2472648517","market":"nz","top_or_hot":-1,"title":"EON Resources Says Infrastructure Improvements, Upgrades Increase Oil Production; Shares Rise","media":"MT Newswires Live","content":"<html><body><p> EON Resources (EONR) said Thursday it completed infrastructure improvements and upgrades to increase its daily oil production to more than 1,000 gross barrels of oil per day range from an inherited baseline of 925 BOPD.</p><p>The company also said that the infrastructure improvements have raised water injection by 50% from previous levels, which will improve its oil production in the following months.</p><p>Completion of the projects will enhance the company's production for the next three to five years, EON said.</p><p>\"Chevron, our largest customer, has notified us they will gladly take all our production, as well as any increases we produce,\" said EON Chief Executive Dante Caravaggio. \"We expect production in the 4th quarter to increase as we approach breakeven.\"</p><p>EON shares were nearly 8% higher in recent trading.</p><p>Price: 1.76, Change: +0.12, Percent Change: +7.32</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EON Resources Says Infrastructure Improvements, Upgrades Increase Oil Production; Shares Rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEON Resources Says Infrastructure Improvements, Upgrades Increase Oil Production; Shares Rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-03 23:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EON Resources (EONR) said Thursday it completed infrastructure improvements and upgrades to increase its daily oil production to more than 1,000 gross barrels of oil per day range from an inherited ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EONR","symbol_name":"EON RESOURCES INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2472648517","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472648517","pubTimestamp":1727970485,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"EON Resources  said Thursday it completed infrastructure improvements and upgrades to increase its daily oil production to more than 1,000 gross barrels of oil per day range from an inherited baseline of 925 BOPD.The company also said that the infrastructure improvements have raised water injection by 50% from previous levels, which will improve its oil production in the following months.Completion of the projects will enhance the company's production for the next three to five years, EON said.\"Chevron, our largest customer, has notified us they will gladly take all our production, as well as any increases we produce,\" said EON Chief Executive Dante Caravaggio. \"We expect production in the 4th quarter to increase as we approach breakeven.\"EON shares were nearly 8% higher in recent trading.Price: 1.76, Change: +0.12, Percent Change: +7.32","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"EONR":"EON RESOURCES INC"},"translate_title":"EON Resources表示，基础设施的改善和升级增加了石油产量；股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EONR":0.9},"content_text":"EON Resources (EONR) said Thursday it completed infrastructure improvements and upgrades to increase its daily oil production to more than 1,000 gross barrels of oil per day range from an inherited baseline of 925 BOPD.The company also said that the infrastructure improvements have raised water injection by 50% from previous levels, which will improve its oil production in the following months.Completion of the projects will enhance the company's production for the next three to five years, EON said.\"Chevron, our largest customer, has notified us they will gladly take all our production, as well as any increases we produce,\" said EON Chief Executive Dante Caravaggio. \"We expect production in the 4th quarter to increase as we approach breakeven.\"EON shares were nearly 8% higher in recent trading.Price: 1.76, Change: +0.12, Percent Change: +7.32","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472648517"}