Epsilon Energy Ltd
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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.
Mar 31, 2024 · Filed May 8, 2024
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Operational Highlights
Marcellus Shale – Pennsylvania
During the three months ended March 31, 2024, Epsilon's realized natural gas price was $1.77 per Mcf, a 31% decrease over the three months ended March 31, 2023.
During the three months ended March 31, 2024, Epsilon’s net revenue interest natural gas production was 1.6 Bcf compared to 2.5 Bcf during the same period in 2023, a 32% decrease.
| ● | Gathered and delivered 14.0 Bcf gross (4.9 net to Epsilon's interest) during the three months ended March 31, 2024, or 156 MMcf/d through the Auburn Gas Gathering System. |
| ● | At March 31, 2024, the Company had seven gross (.7 net) wells waiting to be turned in line. |
Permian Basin – Texas and New Mexico
During the three ended March 31, 2024, Epsilon's realized price for all Permian Basin production was $53.28 per Boe.
| ● | Total net revenue interest production for the three months ended March 31, 2024, which included oil, natural gas liquids, and natural gas, was 52.3 Mboe. |
At March 31, 2024, the Company had 1 gross (.25 net) well drilled awaiting completion in Texas.
Anadarko, NW Stack Trend – Oklahoma
During the three months ended March 31, 2024, Epsilon's realized price for all Oklahoma production was $4.52 per Mcfe, a 30% decline from the three months ended March 31, 2023.
Total net revenue interest production for the three months ended March 31, 2024 included natural gas, oil and other liquids and was 0.11 Bcfe, a 36% decrease from the same period in 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.