HNR Acquisition Corp Announces 2024 Operational Plan - Increase in Production Expected in 2024; Cost Control and Optimizing Production to Increase Revenues and Earnings
HOUSTON, TX / ACCESSWIRE / January 8, 2024 / HNR Acquisition Corp (NYSE:HNRA) (the "Company" or "HNRA") is an independent oil and gas company focused on the acquisition, development, exploration and production of oil and gas properties in the Permian Basin. Over 45 days ago, the Company completed the acquisition of its interest in the Grayburg-Jackson oil field in Eddy County, New Mexico. The field operates 550 oil and gas wells on 13,700 contiguous acres.The Grayburg-Jackson field began development in the 1940's and in 2020 started to waterflood the Seven Rivers ("7R") interval with good results. The revenues have grown ever since 2020 and the field has been profitable with positive cash fl
