EON Resources Inc. Announces 92 Horizontal Well Drilling Program Has Begun! $1 Million Per Month Increase Anticipated in Free Cash Flow in Q4 2026
EON Resources Inc. announced that spudding has commenced on the first well of a projected 92-horizontal-well drilling program in the Grayburg-Jackson Field in Eddy County, New Mexico. The company anticipates a $1 million per month increase in free cash flow in Q4 2026.
Why it matters — This marks the start of a significant drilling program on the company's Permian Basin acreage, potentially expanding production and free cash flow.