HNR’s name change to EON Resources Inc. and a new ticker symbol, “EONR,” will take effect when trading commences on Sept. 18. (Source: Shutterstock, Accesswire)
HNR Acquisition Corp.’s board of directors has approved changing the company's corporate name to EON Resources Inc.
HNRA will continue as EON as an independent energy company focused on energy, oil, natural resources and other aspects of the energy industry. The effective date for the name change will be Sept. 18. The company has reserved with the New York Stock Exchange American Exchange the ticker symbol “EONR” for its Class A common stock and “EONR WS for its publicly traded warrants”
HNRA is currently focused on upstream energy oil and gas production in the Permian Basin. HNRA’s first acquisition was the Grayburg-Jackson oil field, which is a waterflood property operated by the HNRA subsidiary LH Operating (LHO). The Grayburg-Jackson oil field is located on the Northwest Shelf of the Permian Basin in Eddy County, New Mexico.
LHO’s holdings include 13,700 contiguous leasehold acres, 342 producing wells, 207 injection wells and one water source well.
“Our plans are to grow through acquisition and through the development and enhancement of onshore oil and natural gas properties in the United States,” the company said in an Aug. 29 press release.
The company's new website address, effective when trading commences under the new name and ticker symbols, will change to www.EON-R.com.
"The changing of our name to EON Resources Inc. signifies our prior conversion from a special purpose acquisition company (SPAC) to an operating company in November 2023. The company is currently focused on oil production in the Grayburg-Jackson Oil Field of the Permian Basin," said Dante V. Caravaggio, CEO and president. "Our plans are to grow EON through acquisition and through the development and enhancement of onshore oil and natural gas properties in the United States. We will continue to emphasize profitability as well as increase value for our shareholders."
Recommended Reading
NatGas Shouldering Powergen Burden, but Midstream Lags, Execs Warn
2025-02-14 - Expand Energy COO Josh Viets said society wants the reliability of natural gas, but Liberty Energy CEO Ron Gusek said midstream projects need to catch up to meet demand during a discussion at NAPE.
Predictions 2025: Downward Trend for Oil and Gas, Lots of Electricity
2025-01-07 - Prognostications abound for 2025, but no surprise: ample supplies are expected to keep fuel prices down and data centers will gobble up power.
NextEra Energy, GE Vernova Partner to Bolster US Grid
2025-01-27 - The CEO of NextEra Energy, which has entered a partnership with GE Vernova, said natural gas, renewables and nuclear energy will be needed to meet rising power demand.
Range Secures Appalachian Takeaway to Capitalize on Higher NatGas Prices
2025-02-27 - Appalachian pure-play Range Resources expects strong demand in the second half of the decade and is taking the necessary steps to capitalize on higher natural gas prices.
Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
2025-01-02 - U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.