EON Resources Inc. Announces Acquisition of South Justis Field, Expands Permian Basin Presence

EON Resources Inc. has posted an investor deck on the South Justis Field acquisition to its website. The field is a carbonate reservoir in the Permian Basin with 5,360 acres, 208 combined producing and injection wells, and an original-oil-in-place of approximately 207 million barrels of oil. The acquisition complements EON's existing Grayburg-Jackson Oil Field property in New Mexico, which has proven reserves of around 14 million barrels of oil and 2.8 billion cubic feet of natural gas.

Title: EON Resources Inc. Announces South Justis Field Acquisition and Investor Deck Release

EON Resources Inc. (NYSE American: EONR), an independent upstream energy company focused on the Permian Basin, has announced the publication of an investor presentation deck on their website, detailing the acquisition of the South Justis Field. The presentation is available at [www.eon-r.com/presentations](https://www.eon-r.com/presentations).

The South Justis Field, a carbonate reservoir located in the Permian Basin, spans 5,360 acres and includes 208 combined producing and injection wells. With an original-oil-in-place of approximately 207 million barrels of oil, the acquisition complements EON's existing Grayburg-Jackson Oil Field property in New Mexico, which has proven reserves of around 14 million barrels of oil and 2.8 billion cubic feet of natural gas.

EON Resources has scheduled a special conference call for June 26, 2025, at 10:30 AM EDT to discuss the acquisition. The company is acquiring a 94% working interest in the field through its subsidiary EON Energy, LLC, in exchange for 1.0 million Class A common shares, with no cash or debt involved. The acquisition is expected to generate $1.2 million in net annual cash flow with minimal G&A cost impact [2].

The South Justis Field currently produces 108 barrels of oil per day from 19 active wells. The acquisition's all-stock structure preserves EON's balance sheet flexibility while immediately boosting cash flow. The transaction's value per flowing barrel is estimated to be between $30,000 and $35,000, a reasonable metric for Permian Basin mature producing assets [2].

This acquisition represents a strategic expansion of EON's Permian Basin footprint. The integration of the South Justis Field into EON's existing operations is expected to be efficient, with minimal impact to general and administrative costs. The special investor call signals management's view that this transaction is significant and warrants dedicated discussion beyond regular quarterly updates [2].

References
[1] https://www.stocktitan.net/news/EONR/eon-resources-inc-posts-south-justis-field-call-deck-to-the-company-41ioa0jlwuwl.html
[2] https://www.stocktitan.net/news/EONR/eon-resources-inc-announces-special-conference-call-thursday-june-26-bayj1x8z5lda.html