EON Resources starts 92-well horizontal drilling program in Permian Basin Grayburg-Jackson Field

Reuters2026/08/26 10:52

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EON Resources began drilling a 92-well horizontal program in the Grayburg-Jackson Field in Eddy County, New Mexico.
First carried well was spudded Aug. 24, 2026; about 60 days expected from spud to completion and testing.
Oil sales proceeds expected to start in October; production and revenue likely materialize in October or November.
Carried wells expected to add 500 net BOPD to EON, targeting about USD 1 million monthly net free cash flow in Q4 2026.
Farmout structure keeps a 35% non-operated working interest in San Andres horizontals; post-carried wells require 35% share of about USD 1.2 million per well.

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 on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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