Marcellus Shale – Pennsylvania
| ● | During the three months ended September 30, 2025, Epsilon's realized natural gas price was $2.24 per Mcf, a 46% increase over the three months ended September 30, 2024. During the nine months ended September 30, 2025, Epsilon's realized natural gas price was $2.95 per Mcf, an 85% increase over the nine months ended September 30, 2024. |
| ● | During the three months ended September 30, 2025, Epsilon’s net revenue interest natural gas production was 2.0 Bcf, a 67% increase over the three months ended September 30, 2024. During the nine months ended September 30, 2025, Epsilon’s net revenue interest natural gas production was 7.0 Bcf, an 75% increase over the nine months ended September 30, 2024. |
| ● | Gathered and delivered 8.9 Bcf gross (3.1 net to Epsilon's interest) during the three months ended September 30, 2025, or 96 MMcf/d through the Auburn Gas Gathering System. Gathered and delivered 31.8 Bcf gross (11.1 net to Epsilon's interest) during the nine months ended Sept 30, 2025, or 116 MMcf/d through the Auburn Gas Gathering System. |
Permian Basin – Texas and New Mexico
| ● | During the three months ended September 30, 2025, Epsilon's realized price for all Permian Basin production was $50.19 per Boe (90% liquids), a 7% decrease over the three months ended September 30, 2024. During the nine months ended September 30, 2025, Epsilon's realized price for all Permian Basin production was $52.43 per Boe (88% liquids), a 2.6% decrease over the nine months ended September 30, 2024. |
| ● | Total net revenue interest production for the three months ended September 30, 2025, which included oil, natural gas liquids, and natural gas, was 47.8 Mboe compared to 73.3 Mboe during the same period in 2024, a 35% decrease. Total net revenue interest production for the nine months ended September 30, 2025, which included oil, natural gas liquids, and natural gas, was 152.7 Mboe compared to 191.4 Mboe during the same period in 2024, a 20% decrease. |
| ● | During the nine months ended September 30, 2025, the Company had 1 gross (.25 net) well drilled and completed. The well turned online in July 2025. |
Anadarko, NW Stack Trend – Oklahoma
| ● | During the three months ended September 30, 2025, Epsilon's realized price for all Oklahoma production was $3.84 per Mcfe (57% natural gas), a 7% decrease from the three months ended September 30, 2024. During the nine months ended September 30, 2025, Epsilon's realized price for all Oklahoma production was $4.55 per Mcfe (60% natural gas), a 6% increase from the nine months ended September 30, 2024. |
| ● | Total net revenue interest production for the three months ended September 30, 2025 included natural gas, oil and other liquids and was 0.07 Bcfe, a 23% decrease from the same period in 2024. Total net revenue interest production for the nine months ended September 30, 2025 included natural gas, oil and other liquids and was 0.2 Bcfe, a 22% decrease from the same period in 2024. |
Western Canadian Sedimentary Basin—Alberta, Canada
| ● | During the three months ended September 30, 2025, Epsilon's realized price for all Canada production was $31.54 per Boe (63% liquids). During the nine months ended September 30, 2025, Epsilon's realized price for all Canada production was $38.89 per Boe (73% liquids). The Company had no Canada production in 2024. |
| ● | Total net revenue interest production for the three months ended September 30, 2025, which included oil, natural gas liquids, and natural gas, was 8.2 Mboe. Total net revenue interest production for the nine months ended September 30, 2025, which included oil, natural gas liquids, and natural gas, was 21.2 Mboe. |
