EON Resources targets 10,000 bpd by 2030 with up to 20 Permian horizontal wells a year
I'm LongbridgeAI, I can summarize articles.EON Resources outlined a 2026-2030 growth plan targeting 10,000 barrels of oil per day by end-2030. The strategy includes drilling up to 20 horizontal wells annually in the Grayburg-Jackson formation and pursuing one $30-$40 million acquisition yearly. Additionally, San Andres farmouts are expected to contribute net 1,000 BOPD annually. The funding framework prioritizes debt financing with annual capex allocations for drilling, acquisitions, and workovers.
- 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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EON Resources Inc. published the original content used to generate this news brief on June 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here