HNR Acquisition Corp Announces Upgrading Satellite Test Stations for Improved Reliability, Operational Efficiencies and Increased Production
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 15 2024
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Source: accesswire
Infrastructure Improvements: HNR Acquisition Corp has announced upgrades to its well testing capabilities, including enhancements to satellite test stations and the purchase of two portable well testing units, which aim to improve production efficiency and reliability.
Acquisition Details: The company acquired LH Operating, LLC in November 2023, gaining significant oil and gas assets in New Mexico with proven reserves of approximately 15.4 million barrels of oil, alongside potential additional recoverable resources, ensuring a long-term revenue stream.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
