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EONR starts Phase 1 of up-to-92-well San Andres horizontal drilling program
EON Resources (EONR) says Phase 1 of its planned up-to-92-well San Andres horizontal program has begun after regulatory approval for the first three horizontal wells, which Virtus will operate and are slated to be drilled in July; LHO holds a 35% working interest. The company completed three vertical well recompletions to test completions, expects ~10 new horizontals by year-end 2026 and will release 2026 drilling results in Q1 2027 — any material production uplift is unproven until wells are drilled, completed and tested.
EONR to Present at Planet MicroCap June 17; Eyes up to $100M for 92-Well Program, Targets 2,500 BOPD
EON Resources (EONR) will host a live presentation and Q&A at Planet MicroCap Las Vegas on June 17 (webcast available) led by CEO Dante Caravaggio and CFO Mitchell Trotter. The company reiterated plans to raise up to $100M to fund a farmout-driven program (with Virtus) to drill 92 horizontal San Andres wells, reactivate idle wells and expand waterfloods, targeting production growth from ~1,000 bopd to ~2,500 bopd within the next year, but the ramp depends on financing and execution.