secwatch.observer — SEC 8-K summary
======================================

Issuer:     EON Resources Inc. (EONR)
CIK:        0001842556
Form:       8-K
Filed at:   2026-01-21T23:59:59+00:00
Accession:  0001213900-26-005926
Event type: other_material
Sentiment:  positive
Materiality: 0.72
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EON Resources closes $45.5M recapitalization, signs San Andres farmout; expects 10 horizontal wells in 2026
--------------------------------------------------------------------------------

- Closed $20M senior debt retirement, $7M settlement of $20M note, and $27M preferred unit conversion to 1.5M shares.
- Farmout with Virtus: $5M sale of 65% San Andres WI; EON retains 35% carried for first 3 wells (cost $3.5-4M each).
- Virtus estimates 92 horizontal locations; drilling permits expected Q1 2026, drilling Q2; initial well production 300-500 BOPD.
- GJF operations: 206 wells worked over in 2025, Skelly water trunkline restored, production stabilized near 900 BOPD.
- Management now owns ~10% of shares after 1.56M-share purchase in Dec 2025; hedging covers 50% of H1 2026 at $60+.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842556/000121390026005926/0001213900-26-005926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842556/000121390026005926/ea0273437-8k_eonresour.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-005926

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer