EON Resources Inc. Partners with Virtus Energy for $45.5 Million Funding and San Andres Development Initiative

Reuters

09/10

EON Resources Inc. Partners with Virtus Energy for $45.5 Million Funding and San Andres Development Initiative

EON Resources Inc., an independent upstream energy company, has entered into a partnership with Virtus Energy Partners, LLC. As part of this collaboration, EON has farmed out its San Andres rights to a subsidiary of Virtus. The agreement involves Virtus taking a 65% operated working interest, while EON retains a 35% non-operated working interest. This partnership aims to unlock significant value by leveraging Virtus' expertise in horizontal San Andres development within the Grayburg Jackson Field. The initiative is expected to capitalize on under-managed conventional reservoirs using modern technology, potentially leading to the development of up to 90 prospective horizontal wells.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EON Resources Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1071183) on September 10, 2025, and is solely responsible for the information contained therein.

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Partners with Virtus Energy for $45.5 Million Funding and San Andres Development Initiative","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      EON Resources Inc. Partners with Virtus Energy for $45.5 Million Funding and San Andres Development Initiative\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        EON Resources Inc., an independent upstream energy company, has entered into a partnership with Virtus Energy Partners, LLC. As part of this collaboration, EON has farmed out its San Andres rights to a subsidiary of Virtus. The agreement involves Virtus taking a 65% operated working interest, while EON retains a 35% non-operated working interest. 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Partners with Virtus Energy for $45.5 Million Funding and San Andres Development Initiative\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-09-10 22:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      EON Resources Inc. Partners with Virtus Energy for $45.5 Million Funding and San Andres Development Initiative\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        EON Resources Inc., an independent upstream energy company, has entered into a partnership with Virtus Energy Partners, LLC. As part of this collaboration, EON has farmed out its San Andres rights to a subsidiary of Virtus. The agreement involves Virtus taking a 65% operated working interest, while EON retains a 35% non-operated working interest. This partnership aims to unlock significant value by leveraging Virtus' expertise in horizontal San Andres development within the Grayburg Jackson Field. 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ID: 1071183) on September 10, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EONR","symbol_name":"EON RESOURCES INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250910:nNDL5kNQ0H:1","article_id":"2566607063","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566607063","pubTimestamp":1757514632,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"EON Resources Inc., an independent upstream energy company, has entered into a partnership with Virtus Energy Partners, LLC. As part of this collaboration, EON has farmed out its San Andres rights to a subsidiary of Virtus. The agreement involves Virtus taking a 65% operated working interest, while EON retains a 35% non-operated working interest. This partnership aims to unlock significant value by leveraging Virtus' expertise in horizontal San Andres development within the Grayburg Jackson Field. The initiative is expected to capitalize on under-managed conventional reservoirs using modern technology, potentially leading to the development of up to 90 prospective horizontal wells.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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