EON Resources advances 92-well New Mexico drilling plan
I'm LongbridgeAI, I can summarize articles.EON Resources has commenced the first phase of its 92-well drilling plan in New Mexico, securing regulatory approval for three horizontal wells in the San Andres formation. The company aims for steady output growth through 2030 via annual well additions in the Grayburg-Jackson field and targeted acquisitions. Additionally, EON is seeking a farmout partner to develop its South Justis field in Lea County, which covers over 5,300 leasehold acres.
Drilling program begins: EON Resources kicked off the first phase of its 92-well project with regulatory approval for three horizontal wells in the San Andres formation. Growth through 2030: The company plans steady output increases via annual well additions in the Grayburg-Jackson field and targeted acquisitions each year. Partnership opportunities: EON seeks a farmout partner to develop its South Justis field in Lea County, spanning over 5,300 leasehold acres.