sur EON Resources Inc. (NASDAQ:EONR)
EON Resources Inc. Secures Oil Price Stability Through Hedging
On April 7, 2025, Houston-based EON Resources Inc. announced that approximately 70% of its oil production is hedged at prices ranging from $70.10 to $70.50 per barrel through the end of the calendar year 2025. This strategy aims to mitigate risks associated with oil price volatility. The company's CFO, Mitchell B. Trotter, emphasized the importance of this program amidst recent market fluctuations.
The company's properties, mainly located in the Permian Basin, boast a substantial oil reserve base. EON acquired LH Operating, LLC in 2023, adding significant assets in New Mexico. Currently, EON holds proven reserves of over 15 million barrels, with potential additional resources in targeted zones.
EON Resources' strategic approach aims to ensure stability and maximize shareholder returns through a balanced portfolio of oil and gas properties.
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