EON Resources Says Too Early to Set Reliable Production Expectations for San Andres Wells
Bitget2026/10/27 23:13- EON Resources is seeking lower-double-digit-rate financing to replace short-term borrowing carrying 40%–50% net effective interest rates; most has been repaid.
- Two San Andres horizontal wells are producing through permanent facilities; reliable production expectations remain premature.
- A replacement for an abandoned horizontal well is planned for early 2027, with costs carried under the farmout agreements.
- Waterflood production is expected to recover above 1,000 barrels per day following power disruptions caused by heavy rains.
- Required SEC filings are now current; the third-quarter 2026 Form 10-Q remains on track for timely filing.
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