Company Overview - EON Resources Inc. is an independent upstream energy company with 20,000 leasehold acres in the Permian Basin, producing over 1,000 barrels of oil per day from 750 producing and injection wells [1] - The company focuses on maximizing total returns to shareholders through the development of onshore oil and natural gas properties, utilizing a strategy of acquisition and selective development [4] Stock Purchase Activity - A management team and several independent directors purchased a combined 282,000 shares of the Company's Class A Common Stock in the past three weeks, lifting the total shares bought by the team to 1,561,000 in 2025 [1][3] - The total shares owned by the team now exceed 5 million [3] Grayburg-Jackson Field Property - The Grayburg-Jackson Field comprises 13,700 contiguous leasehold acres with proven reserves estimated at approximately 14.0 million barrels of oil and 2.8 billion cubic feet of natural gas [5] - The company has two production programs: existing waterflood recovery in the Seven Rivers formation and a Farmout agreement in the San Andres formation, with plans to drill up to 90 new wells [5] South Justis Field Property - The South Justis Field consists of 5,360 contiguous acres with 208 total producing and injection wells, featuring formations that range from 5,000 feet to 7,000 feet in depth [6] - The original-oil-in-place (OOIP) for the South Justis Field is approximately 207 million barrels of oil [6]
EON Resources Inc. Reports Management and Directors Buy an Additional 282,000 Shares of EON Class A Common Stock for a Total of 1,561,000 Shares Bought in 2025 and a Total Ownership of Over 5 million Shares