EON Resources launches 2026 San Andres program with 5 well recompletions costing USD 2 million

Reuters03-19

EON Resources launches 2026 San Andres program with 5 well recompletions costing USD 2 million

EON outlined a Permian Basin program to recomplete five existing vertical wells into the San Andres formation and begin drilling new horizontal wells.
The five recompletions are expected to cost about USD 2 million and are planned to be reported in the second quarter.
A farmout with Virtus Energy Partners has started to drill 92 San Andres horizontal wells, with the first 10 drill sites selected.
Three permits have been submitted to the BLM and the State of New Mexico, with approvals expected within 90 days.
EON said the first three horizontal wells are planned for the second quarter, with estimated drilling and completion costs of USD 3.5 million per well.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EON Resources Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202603190800ACCESSWRNAPR_____1149228) on March 19, 2026, and is solely responsible for the information contained therein.

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