EON Resources targets 10,000 bpd by 2030 with up to 20 Permian horizontal wells a year

EON Resources Inc

EON Resources Inc

EONR

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  • EON Resources outlined a 2026-2030 Permian growth plan targeting 10,000 barrels of oil per day by end-2030.
  • Plan calls for as many as 20 horizontal wells a year in Grayburg-Jackson, aiming for net 1,000 BOPD annual additions.
  • Strategy also targets one $30 million-$40 million acquisition per year, aiming for another 1,000 BOPD of annual production growth.
  • San Andres farmout expected to deliver net 1,000 BOPD per year through 2030; first three wells carried at no cost.
  • Funding framework targets $25 million a year drilling capex, $35 million acquisitions, $10 million workovers, $5 million other capex, favoring debt over equity.


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