EON Resources Inc. Shares South Justis Field Investor Deck

EON Resources Inc., an upstream energy company with assets in the Permian Basin, announced the release of an investor deck related to the South Justis Field acquisition on its website. This move highlights the company's strategy in expanding its oil and gas portfolio.

The South Justis Field, initially developed in the 1960s, spans 5,360 acres with 208 wells in the Permian Basin. Historical operations include a $40 million waterflood in the 1990s. Despite past declines, recent efforts to reactivate wells have boosted oil production.

EON's subsidiary, LH Operating, already manages significant operations nearby in the Grayburg-Jackson Oil Field. This area holds proven reserves of 14 million barrels of oil and 2.8 billion cubic feet of natural gas.