EON Resources Inc. Sees Management Acquiring Significant Shares

EON Resources Inc., based in Houston, reported that management and directors acquired 411,000 shares of its Class A Common Stock recently, totaling 1,076,000 shares for Q3 2025. This move aligns with recent strategic funding of $45.5 million and a farmout agreement offering up to $300 million for well drilling in the San Andres Formation.

The company's key assets are in the Permian Basin, with significant oil reserves in the Grayburg-Jackson and South Justis Fields located in New Mexico. Proven reserves are estimated at 14 million barrels of oil and 2.8 billion cubic feet of natural gas. Horizontal drilling opportunities in San Andres could unlock additional reserves.

This strategic acquisition by EON's team reflects confidence in the company's growth potential amid its ongoing development efforts within its energy portfolio.