EON Resources is a Delaware-incorporated oil and gas exploration and production company that operates properties in the Northwest Shelf of the Permian Basin, specifically focusing on the Grayburg-Jackson Field in Eddy County, New Mexico, where it holds a 100% working interest in approximately 13,700 gross acres through wholly-owned subsidiary LH Operating LLC. The company generates revenue from the sale of crude oil and natural gas produced from its 342 operating vertical wells, receiving approximately 97% of net revenues after royalty obligations, with the majority of production consisting of crude oil. EON's business strategy centers on generating cash flow through disciplined, low-cost development of its proved reserves using work-over techniques to add perforations in existing wells, which carry substantially lower costs than new drilling while maintaining profit margins exceeding 60% at predictable production rates.