EON Resources Completes Assessment of San Andres Formation

EON Resources Inc., an independent energy company, has completed a preliminary assessment of the San Andres Formation in Eddy County, New Mexico. The study suggests potential recovery of 20 million barrels of oil and 16 billion cubic feet of natural gas. This is part of a comprehensive analysis of the Grayburg-Jackson Field using advanced geoscience software.

The assessment focuses on the horizontal drilling potential, identifying new drilling locations in the 13,700-acre area. Current production from the field has used less than 5% of the estimated original oil in place.

Plans include the drilling of horizontal wells, with expected initial production aligned with regional analog fields. The potential recovery from the first 50 identified wells could lead to significant economic returns.

The company is set to expand its drilling program, aiming to enhance productivity and achieve better drilling outcomes with superior reservoir quality.