Latest news with #LHO
USA Today
01-07-2025
- Business
- USA Today
EON Resources Inc. Reports Management and Directors Buy 301,000 Shares of EON Class A Common Stock
EON Resources Inc. (NYSE American:EONR) ('EON' or the 'Company') is an independent upstream energy company with 20,000 leasehold acres comprising two fields in the Permian Basin in southeast New Mexico. Today, the Company reports that the management team and independent directors ('Team') bought a combined 301,000 shares of the Company's Class A Common Stock on the open market. 'The Team, during a short window between the announcement of the South Justis Field acquisition and the quarter-end black-out period, was able to buy a significant number of shares,' said Mitchell B. Trotter, CFO of the Company. Dante Caravaggio, President and CEO of the Company, stated that 'We have two major projected events, previously announced, that make a step change for EON. The first is the Enstream funding of $52 million to pay off the agreement with the Seller, to pay off our senior debt, and to fund $9.5 million in oil well workovers. Combined, these actions dramatically change our balance sheet and oil production. The second major event is the selection of a drilling partner who will bring potentially $50 to $100 million in funding to develop our tremendous San Andres reserves. Both events are forecasted to close in August; however, there is no assurance that we will do so. Clearly the EON management team is optimistic.' About the Grayburg-Jackson Oil Field Property LH Operating, LLC ('LHO'), a wholly owned subsidiary of EON, operates its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico. Leasehold rights of LHO include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2024 reserve report from our third-party engineer, Haas and Cobb Petroleum Consultants, LLC ('Haas & Cobb' or 'Cobb'), reflects LHO to have proven reserves of approximately 14.0 million barrels of oil and 2.8 billion cubic feet of natural gas. The mapped original-oil-in-place ('OOIP') in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956,000,000 barrels of oil. Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a low decline rate. About the South Justis Field Property The South Justis Field ('SJF' or 'Field') is a carbonate reservoir, similar to the rest of the Permian. The Field was first developed in the 1960's and had an initial production in the 6,000 BOPD range. The waterflood implemented at a cost of $40 million dollars in the 1990's by a major oil company. The subsequent owners of the Field had higher priorities, which led to an increase in idle wells with downhole failures, thus allowing the production to drop dramatically. The Seller acquired the field and has reactivated several wells and increased the production of oil. The SJF comprises of 5,360 contiguous acres with 208 combined producing and injection wells with large spacing of 50 acres. The field is located in the Central Basin of the prolific Permian Basin in Lea County, New Mexico located approximately 100 miles from EON's Grayburg-Jackson Oil Field property. The rights include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals that range from 5,000 feet to 7,000 feet in depth. The original-oil-in-place ('OOIP') is approximately 207 million barrels of oil. About EON Resources Inc. EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON's long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties. EON's Class A Common Stock trades on the NYSE American Stock Exchange (NYSE American: EONR) and the Company's public warrants trade on the NYSE American Stock Exchange (NYSE American: EONR WS). For more information on EON, please visit the Company's website: Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as 'expects,' 'believes,' 'anticipates,' 'intends,' 'estimates,' 'seeks,' 'may,' 'might,' 'plan,' 'possible,' 'should' and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors – including the availability of funds, the results of financing efforts and the risks relating to our business – that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see and with the Securities and Exchange Commission (see Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Investor Relations Michael J. Porter, President PORTER, LEVAY & ROSE, INC. mike@ SOURCE: EON Resources Inc. View the original press release on ACCESS Newswire
Miami Herald
26-06-2025
- Business
- Miami Herald
EON Resources Inc. Posts South Justis Field Call Deck to the Company Website
HOUSTON, TEXAS / ACCESS Newswire / June 26, 2025 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company posted an investor deck regarding the South Justis Field acquisition to the Company's website: About the South Justis Field Property The South Justis Field ("SJF" or "Field") is a carbonate reservoir, similar to the rest of the Permian. The Field was first developed in the 1960's and had an initial production in the 6,000 BOPD range. The waterflood implemented at a cost of $40 million dollars in the 1990's by a major oil company. The subsequent owners of the Field had higher priorities, which led to an increase in idle wells with downhole failures, thus allowing the production to drop dramatically. The Seller acquired the field and has reactivated several wells and increased the production of oil. The SJF comprises of 5,360 contiguous acres with 208 combined producing and injection wells with large spacing of 50 acres. The field is located in the Central Basin of the prolific Permian Basin in Lea County, New Mexico located approximately 100 miles from EON's Grayburg-Jackson Oil Field property. The rights include the Glorietta, Blinebry, Tubb, Drinkard and Fusselman intervals that range from 5,000 feet to 7,000 feet in depth. The original-oil-in-place ("OOIP") is approximately 207 million barrels of oil. About the Grayburg-Jackson Oil Field Property LH Operating, LLC ("LHO"), a wholly owned subsidiary of EON, operates its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico. Leasehold rights of LHO include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2024 reserve report from our third-party engineer, Haas and Cobb Petroleum Consultants, LLC ("Haas & Cobb" or "Cobb"), reflects LHO to have proven reserves of approximately 14.0 million barrels of oil and 2.8 billion cubic feet of natural gas. The mapped original-oil-in-place ("OOIP") in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956,000,000 barrels of oil. Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a low decline rate. About EON Resources Inc. EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON's long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties. EON's Class A Common Stock trades on the NYSE American Stock Exchange (NYSE American:EONR) and the Company's public warrants trade on the NYSE American Stock Exchange (NYSE American:EONR WS). For more information on EON, please visit the Company's website: Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as "expects," "believes," "anticipates," "intends," "estimates," "seeks," "may," "might," "plan," "possible," "should" and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see and with the Securities and Exchange Commission (see Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Investor Relations Michael J. Porter, PresidentPORTER, LEVAY & ROSE, SOURCE: EON Resources Inc.
Irish Examiner
26-06-2025
- Health
- Irish Examiner
Number of people getting free or subsidised ADHD medication more than doubles in five years
The number of people receiving medication for ADHD under free or subsidised drug schemes has surged by 150% since the beginning of the covid pandemic, costing more than €30m in the past five years. A total of 25,715 patients were prescribed medication for the neurodevelopmental disorder on the medical card or other public health schemes last year, compared to 10,327 in 2020. The annual cost of the medication, which is most often a stimulant called methylphenidate, also more than doubled during that period, rising from €4.1m in 2020 to €9.3m last year. Last year, 11,357 patients were prescribed drugs for ADHD on the medical card, while 12,105 patients who were medicated for the disorder received reimbursements under the Drugs Payment Scheme (DPS). A further 2,253 people received medication for ADHD under the Long-Term Illness (LTI) scheme. Galway was the Local Health Office (LHO) area with the highest number of patients who were prescribed ADHD drugs under the medical card scheme last year, with 833. This was followed by Laois-Offaly, where 557 medical card holders received the medication. The LHO area with the highest number of patients who received reimbursements for ADHD medication under the DPS in 2024 was Dublin South East, with 1,261, followed by Dun Laoghaire with 818. Researchers said there was a 'strong association' between the impact of the pandemic and the worsening of ADHD symptoms, which include inattention, hyperactivity, and emotional dysregulation. Earlier this year, researchers at the University of Huddersfield and Aston University attributed a reported rise in ADHD diagnoses since the pandemic to increased awareness of the disorder via social media. They also said there was a 'strong association' between the impact of the pandemic and the worsening of ADHD symptoms, which include inattention, hyperactivity, and emotional dysregulation. Drugs used to treat the disorder include methylphenidate, which is better known by the brand names Ritalin, Concerta and Delmosart, as well as two other stimulants: dexamfetamine and lisdexamfetamine. In April, Government Chief Whip Mary Butler, the minister of state with responsibility for mental health, suggested that a surge in young children with ADHD was driving waiting lists for Camhs. Records released under freedom of information show that the number of patients prescribed medication for ADHD on the medical card scheme has increased by 69% since 2020. The number of people prescribed ADHD on the DPS increased by 655% from 1,604 to 12,105 during the same period, while the number of patients receiving ADHD drugs on the LTI scheme increased by 12%. The LHO area with the lowest number of patients prescribed medication for ADHD under the medical card scheme last year was West Cork, with 79. It was also the lowest LHO area under the LTI scheme, with seven. A total of 80 patients on the DPS were prescribed ADHD drugs in Roscommon in 2024, according to the records released by the Health Service Executive (HSE).
Miami Herald
21-05-2025
- Business
- Miami Herald
EON Resources Inc. Posts Updated Investor Deck and Q1 2025 Earnings Call Deck to the Company Website
HOUSTON, TEXAS / ACCESS Newswire / May 21, 2025 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company posted an updated investor deck and the first quarter of 2025 earnings call deck to the Company's website: About the Oil Field Property In November 2023, the Company acquired LH Operating, LLC ("LHO") including its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico. Leasehold rights of LHO, now a wholly owned subsidiary of the Company, include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2023 reserve report from our third-party engineer, William H. Cobb and Associates, Inc. ("Cobb"), reflects LHO to have proven reserves of approximately 15.4 million barrels of oil and 3.5 billion cubic feet of natural gas. The mapped original-oil-in-place ("OOIP") in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956,000,000 barrels of oil. Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a low decline rate. About EON Resources Inc. EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON's long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties. EON's Class A Common Stock trades on the NYSE American Stock Exchange (NYSE American: EONR) and the Company's public warrants trade on the NYSE American Stock Exchange (NYSE American: EONR WS). For more information on EON, please visit the Company's website: Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as "expects," "believes," "anticipates," "intends," "estimates," "seeks," "may," "might," "plan," "possible," "should" and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see and with the Securities and Exchange Commission (see Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Investor Relations Michael J. Porter, PresidentPORTER, LEVAY & ROSE, SOURCE: EON Resources Inc.
Miami Herald
16-05-2025
- Business
- Miami Herald
EON Resources Inc. Announces 1st Quarter 2025 Earnings Call on May 22, 2025
Management Will Be Discussing Its Financial Results, Accomplishments and Plans for 2025 and 2026 HOUSTON, TX / ACCESS Newswire / May 16, 2025 / EON Resources Inc. (NYSE American:EONR) ("EON" or the "Company") is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company announces it will hold a conference call on Thursday, May 22, 2025, at 2:00 p.m. EST to review EON's financial results for the first quarter of 2025, outline operations blueprint for 2025 and beyond, and conduct a Q&A session. Dante Caravaggio, President and CEO of EON, will chair the call. Mitchell B. Trotter, CFO, and Jesse Allen, Vice President of Operations, will also speak with shareholders and answer questions. To listen to a live broadcast: An audio Webcast of the conference call will be available within two hours of the call on May 22, 2025. To listen to a live broadcast, visit the website at least 15 minutes prior to the scheduled start to register, download and install any necessary software. Earnings Call deck: The earnings call deck will be posted to the Company's website prior to the earnings call. Earnings Call Webpage (information, webcast, telephone access, and replay): EON Events Webcast URL (Replay expires May 22, 2026): Telephone access: Toll Free: 888-506-0062International: 973-528-0011Participant Access Code: 476454 Teleconference Replay Number (Expires June 5, 2025): Toll Free: 877-481-4010International: 919-882-2331Replay Passcode: 52512 About the Oil Field Property In November 2023, the Company acquired LH Operating, LLC ("LHO") including its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico. Leasehold rights of LHO, now a wholly owned subsidiary of the Company, include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2023 reserve report from our third-party engineer, William H. Cobb and Associates, Inc. ("Cobb"), reflects LHO to have proven reserves of approximately 15.4 million barrels of oil and 3.5 billion cubic feet of natural gas. The mapped original-oil-in-place ("OOIP") in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956,000,000 barrels of oil. Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a low decline rate. About EON Resources Inc. EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON's long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties. EON's Class A Common Stock trades on the NYSE American Stock Exchange (NYSE American: EONR) and the Company's public warrants trade on the NYSE American Stock Exchange (NYSE American: EONR WS). For more information on EON, please visit the Company's website: Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as "expects," "believes," "anticipates," "intends," "estimates," "seeks," "may," "might," "plan," "possible," "should" and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company's management's current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors - including the availability of funds, the results of financing efforts and the risks relating to our business - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on EDGAR (see and with the Securities and Exchange Commission (see Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Investor Relations Michael J. Porter, PresidentPORTER, LEVAY & ROSE, SOURCE: EON Resources Inc.
