secwatch.observer — SEC 8-K summary
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Issuer:     EON Resources Inc. (EONR)
CIK:        0001842556
Form:       8-K
Filed at:   2025-06-23T23:59:59+00:00
Accession:  0001213900-25-056721
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EON Resources acquires South Justis Field in Permian Basin for 1M shares; 108 BOPD
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- EON Energy acquires 94% working interest in South Justis Field (Lea County, NM) for 1M shares of Class A Common Stock; no cash or debt.
- Field currently produces 108 BOPD from 19 wells; estimated $1.2M net annual cash flow; 210M barrels OOIP, 30M produced so far.
- EON plans to return 30 idle wells to production within a year, aiming to double or triple output.
- Also entered Master Services Agreement with Corsair Well Services for workover services: $500K cash plus 1M shares for initial 4-month period.
- Share issuances are unregistered under Section 4(a)(2); shares subject to one-year leak-out restrictions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842556/000121390025056721/0001213900-25-056721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842556/000121390025056721/ea0246437-8k_eonres.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-056721

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