EON Resources Boosts Oil Production with Infrastructure Improvements

EON Resources Inc., an independent energy company, announced a successful increase in oil production following infrastructure enhancements. Daily oil production now exceeds 1,000 gross barrels, up from 925 BOPD. These improvements also increased water injection by 50%, expected to boost production in the coming months.

The company has implemented a chemical/acidizing treatment on 24 wells, increasing output by 80 BOPD. The low-cost initiative, at $5,500 per well, promises a quick payback. Chevron, a major customer, has committed to purchase all production.

Future plans include expanding the chemical treatment program to 50-75 more wells, recompleting 20 wells, and exploring innovative fracture stimulation techniques. EON intends to further optimize its drilling patterns to maximize oil extraction.