EON Resources Inc. Announces Results of Engineering and Petrophysics Study in Its South Justis Unit
EON Resources Inc. announced results of an engineering and petrophysics study in its South Justis Unit, indicating anticipated recoverable oil of 13 million barrels at a 10,000 BOPD peak rate with an average 700 BOPD per well across 21 wells.
Why it matters — The study's findings provide enhanced clarity on the potential resource recovery and production profile of the South Justis Unit, which is relevant to EONR's overall production outlook in the Permian Basin.