• 3 successful vertical well recompletions into the San Andres Formation testing completion methods • Phase 1 of a 92-well drilling program commenced with regulatory approval for first three horizontal wells • 10 new horizontal wells anticipated to be drilled in San Andres Formation by year-end 2026 HOUSTON, TX / ACCESS Newswire / June 26, 2026 / EON Resources, Inc. (the "Company" or "EON") (NYSE American:EONR) is an independent upstream energy company with two fields in the prolific Permian Basin in Southeast New Mexico held by its wholly owned subsidiary, LH Operating, LLC ("LHO"), comprising 20,000 leasehold acres; the fields produce over 1,000 barrels of oil per day. Today the Company and LHO provided an update to its previous landmark strategic transaction of September 9, 2025, with one or more subsidiaries of Virtus Energy Partners (collectively "Virtus") to drill up to 92 horizontal wells in the San Andres formation across the Company's 13,700 leasehold acres in the Grayburg-Jackson field in Eddy County, New Mexico.
