MAR 27·Stock TitanLow
HNR Acquisition Corp Announces Production Increases from Chemical Treatment Program
HNR Acquisition Corp (HNRA) reported successful oil production increases from a chemical stimulation program initiated in June 2024 in its Permian Basin properties. A pilot program on 24 wells yielded an additional 80+ barrels of oil per day (BOPD), and the company plans to expand this treatment to about 100 wells to eventually increase production by an estimated 250 BOPD by year-end 2024. This method is considered a safer, faster, and more economical way to enhance production, though results typically last around six months.