EON and Virtus: Permian Basin Deal

Massive Permian Basin Deal! EON Resources just inked a $300M agreement with Virtus Energy Partners to unlock the San Andres formation. Virtus gains control of operations with a 65% stake, aiming for 10-20 new wells per year, potentially yielding over 20,000 barrels of oil daily. EON retains 35% and eyes a low-risk growth strategy, settling debts and projecting a $95M net present value. Get the inside scoop on how this partnership could revitalize the Grayburg Jackson Field and reshape both companies' futures! Hosted on Acast. See acast.com/privacy for more information.