EON Resources plans Q4 drilling program to add 1,000 net BOPD by year-end

Reuters04-09
EON Resources plans Q4 drilling program to add 1,000 net BOPD by year-end
  • EON Resources hedged 75% of net oil production through 2027 to support lower-cost bank financing for accelerated drilling, workovers, and acquisitions in 2026.
  • Company targets 500 net barrels of oil per day online within four months from May 2026 workovers and June 2026 drilling of three San Andres horizontal wells under a farmout structure with no cost to EON.
  • Output plan calls for an additional 1,000 net barrels of oil per day by end-2026 from 7 to 10 San Andres horizontal wells scheduled for fourth-quarter 2026.
  • Capital program estimates USD 3.4 million per well, with USD 14 million attributable to EON’s 35% working interest if 10 wells are drilled.
  • Management expects to self-fund most of the Q4 program, with incremental funding considered if terms are acceptable.


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: 202604081230ACCESSWRNAPR_____1155970) on April 08, 2026, and is solely responsible for the information contained therein.

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