Epsilon Energy Ltd.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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5. Property and Equipment
The following table summarizes the Company’s property and equipment as of September 30, 2025 and December 31, 2024:
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 30, · December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Property and equipment: | | | | | | |
| Oil and gas properties, successful efforts method | | | | | | |
| Proved properties | | $200,066,005 | | $191,879,210 | ||
| Unproved properties | | | 33,396,744 | | | 28,364,186 |
| Accumulated depletion, depreciation, amortization and impairment | | | (134,181,378) | | | (123,281,395) |
| Total oil and gas properties, net | | | 99,281,371 | | | 96,962,001 |
| Gathering system | | | 43,540,301 | | | 43,116,371 |
| Accumulated depletion, depreciation, amortization and impairment | | | (37,271,826) | | | (36,449,511) |
| Total gathering system, net | | | 6,268,475 | | | 6,666,860 |
| Land | | | 637,764 | | | 637,764 |
| Buildings and other property and equipment, net | | | 221,901 | | | 259,335 |
| Total property and equipment, net | | $106,409,511 | | $104,525,960 | ||
Asset Acquisitions
During the nine months ended September 30, 2025, Epsilon hadno asset acquisitions.
During the nine months ended September 30, 2024, Epsilon acquired assets that included the following:
| ● | a 25% working interest in three producing wells located in Ector County, Texas. |
| ● | a 25% working interest in an additional 3,620 gross undeveloped acres in Ector County, Texas. |
| ● | a 50% working interest in 14,243 gross undeveloped acres in Alberta, Canada. |
Management determined that substantially all the fair value of the assets acquired was concentrated in a group of similar identifiable assets. Based on this determination, the acquisition was accounted for as an asset acquisition.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.