EON Resources Inc. Class A Common Stock
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About
EON Resources Inc. (EONR) is an independent oil and natural gas company headquartered in Houston, Texas, primarily known for its operations in the Permian Basin. The company's core business is the acquisition, development, exploration, and production of oil and gas properties.
The company's operations are concentrated on a single, sizable asset. It holds a 100% working interest in a property spanning roughly 13,700 acres within the Permian Basin. This asset contains a base of 342 producing oil and gas wells, which form the foundation of its current production and revenue.
In addition to its producing wells, the property infrastructure includes 207 water injection wells and one water source well. These support the company's development activities, which can include secondary recovery techniques. The company was originally founded in 2017 and was previously known as HNR Acquisition Corp before adopting its current name in September 2024. Its strategy remains focused on its Permian Basin holdings.