EON Resources Spuds First Of Projected 92 Horizontal Well Drilling Program At Grayburg-Jackson Field In New Mexico; Expects Q4 FCF Increase Of $1M Per Month
Horizontal well drilling program overview: On September 9, 2025, the Company's subsidiary, LH Operating, LLC ("LHO"), entered into a Joint Development Agreement (the "Farmout") to develop the San
EON Resources started drilling its first of 92 new wells in New Mexico, which should help the company make about $1 million more cash each month by the end of the year. When a company begins a big drilling project like this, it's worth watching to see if they actually hit their goals and make that extra money they promised.
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