EON Resources Inc.

EON Resources Inc.

EON Resources Inc. was formed through the 2023 restructuring of Houston-based Vantage Drilling International, a Cayman Islands-incorporated offshore driller that filed for Chapter 11 in 2015. The reorganized entity shifted its focus from offshore drilling services to onshore U.S. oil and gas production, acquiring legacy producing assets and initiating carbon capture and sequestration operations. The firm operates across the Permian Basin and other mature U.S. onshore basins, managing a portfolio of producing wells alongside early-stage carbon capture injection sites. Its dual mandate — conventional hydrocarbon production paired with carbon management infrastructure — reflects the broader industry push toward decarbonization without abandoning legacy energy assets. The carbon capture division targets 45Q tax-credit-eligible sequestration sites in Texas and Louisiana, positioning EON within the emerging carbon-management economy. In April 2024, EON Resources completed a merger with a special purpose acquisition company to list on the New York Stock Exchange American under the ticker EONR, providing public market access to its combined production and carbon capture operations. The company maintains an operational base in Houston with field offices near its Permian producing acreage. Team size and total deployment figures remain undisclosed as of mid-2025. Structurally, EON operates as a publicly traded operating company rather than a private fund, giving it access to equity capital markets while retaining direct operator control over both wellbore and subsurface pore space — a feature that distinguishes it from pure-play carbon credit intermediaries that rely on third-party operators for storage rights.