HNR Acquisition Corp Increases Electrical Capacity and Improves Reliability with Electrical Upgrades
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 15 2024
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Source: accesswire
Infrastructure Improvements: HNR Acquisition Corp is enhancing its electrical systems and infrastructure in the Permian Basin to increase capacity, reliability, and performance, which will support current operations and future growth.
Oil and Gas Reserves: The company recently acquired LH Operating, LLC, gaining significant oil and gas reserves in New Mexico, with proven reserves of approximately 15.4 million barrels of oil and potential access to an additional 34 million barrels, 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.
