on EON Resources Inc. (NASDAQ:EONR)
EON Resources Inc. Updates Investors with New 2024 Earnings Deck
Houston-based EON Resources Inc., an independent energy company, has released an updated investor deck and a 2024 earnings call deck on its website. The company specializes in oil and gas extraction in the Permian Basin. This update aims to enhance transparency and engage shareholders.
EON's recent acquisition of LH Operating, LLC, located in New Mexico, covers a substantial oilfield area with notable reserves. The company now controls over 13,700 acres with 342 producing wells. A third-party engineering report indicates proven reserves of approximately 15.4 million barrels of oil and 3.5 billion cubic feet of natural gas.
The potential for expansion is promising, with the possibility of accessing an additional 34 million barrels of oil. This strategic growth is central to EON's objective of maximizing shareholder value from a diversified portfolio.
R. H.
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