EON Resources reports FY24 revenue $19.4M

“Our team has spent the past year working on the infrastructure of our field, modernizing the Grayburg-Jackson field and making it vertically integrated. We believe it’s now prepared to grow and sustain profitability for many years to come. The foundation has been laid and now it is time to begin our growth,” said Dante Caravaggio, President and Chief Executive Officer. “We continue to see the potential of the Seven Rivers waterflood. We see as much, or more, potential from horizontal drilling in the San Andres, which is expected to start in Q1 of 2026. The permitting of such wells and sourcing of a horizontal drilling partner for them is underway.”