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EON Resources To Evaluate Whether To Seek A Farmout Drilling Partner For Development Of The South Justis Unit

Jul 27, 2026, 10:33 AMBenzinga Newsdesk

The Company estimates ultimate recovery to average 650,000 barrels per well, or 13 million barrels across 21 wells, at peak production of 10,000 BOPD in 2028."The South Justis Unit has significant horizontal well

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Source: benzinga
Observed: Jul 27, 2026, 10:33 AM
Checked: Jul 27, 2026, 10:33 AM
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BenzingaAug 26, 2026, 10:37 AMBenzinga Newsdesk
EON Resources Spuds First Of Projected 92 Horizontal Well Drilling Program At Grayburg-Jackson Field In New Mexico; Expects Q4 FCF Increase Of $1M Per Month
Horizontal well drilling program overview: On September 9, 2025, the Company's subsidiary, LH Operating, LLC ("LHO"), entered into a Joint Development Agreement (the "Farmout") to develop the San
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BenzingaJul 13, 2026, 2:42 PMBenzinga News-desk
Shares of oil and gas exploration and production companies are trading higher amid crude price gains after the U.S. and Iran continued military strikes over the weekend, with each side claiming it will control the Strait of Hormuz.
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EON Resources To Evaluate Whether To Seek A Farmout Drilling Partner For Development Of The South Justis Unit

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EON Resources Spuds First Of Projected 92 Horizontal Well Drilling Program At Grayburg-Jackson Field In New Mexico; Expects Q4 FCF Increase Of $1M Per Month

Shares of oil and gas exploration and production companies are trading higher amid crude price gains after the U.S. and Iran continued military strikes over the weekend, with each side claiming it will control the Strait of Hormuz.