Eon Resources (EONR) and its wholly owned subsidiary, LH Operating, provided an update on a Sept. 9 transaction, under which one or more subsidiaries of Virtus Energy Partners will drill up to 92 horizontal wells in the San Andres formation across Eon's 13,700 leasehold acres in the Grayburg-Jackson field in Eddy County, New Mexico, according to a statement Friday.
Eon said it will release results of the newly drilled horizontal wells in Q1, after all 2026 horizontal wells are drilled.
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