EON Resources Inc. Secures $45.5 Million Funding and Restructures Debt

On September 10, 2025, Houston-based EON Resources Inc., an independent upstream energy company, announced the closure of a $45.5 million funding deal. This deal was executed through a volumetric funding instrument and the farmout of the San Andres rights with Virtus Energy Partners. The funding, primarily sourced from a private family office, aims to enhance EON's financial health by settling existing seller obligations and retiring senior debt.

Among the funding components, a $20 million portion grants a 15% perpetual overriding royalty interest in Grayburg Jackson Field. An additional $20.5 million is for a 5% royalty interest in wells planned under the farmout agreement. Virtus contributes $5 million, acquiring a 65% working interest in the San Andres formation, leaving EON with 35%. The transaction is expected to improve cash flow by eliminating monthly amortization payments.