Epsilon Energy Ltd.
For the period ended Jun 30, 2025. Filed Aug 13, 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.
Jun 30, 2025 · Filed Aug 13, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Operating Costs
The following table presents total cost and cost per unit of production (Mcfe), including ad valorem, severance, and production taxes for the three and six months ended June 30, 2025 and 2024:
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three months ended June 30, · · Six months ended June 30, | ||||||||||||
| · 2025 · 2024 · 2025 · 2024 | ||||||||||||
| Lease operating costs (net of elimination) | | $2,462,785 | | $1,649,867 | | $5,218,683 | | $3,418,329 | ||||
| Gathering system operating costs | | | 613,795 | | | 649,967 | | | 1,166,446 | | | 1,202,537 |
| | | $3,076,580 | | $2,299,834 | | $6,385,129 | | $4,620,866 | ||||
| | | | | | | | | | | | | |
| Upstream operating costs—Total $/Mcfe | | | 0.80 | | | 0.92 | | $0.85 | | $0.91 | ||
| Gathering system operating costs $/Mcf | | | 0.15 | | | 0.20 | | $0.14 | | $0.14 | ||
Operating costs include the effects of elimination entries to remove the gathering fees paid to Epsilon’s ownership in the gathering system.
Upstream operating costs consist of lease operating expenses necessary to extract natural gas and oil, including gathering and treating the natural gas and oil to ready it for sale. For the six months ended June 30, 2025 these costs increased by $1.8 million, or 53%, over the same period in 2024. The increase is primarily due to higher volumes. For the three months ended June 30, 2025 these costs increased by $0.8 million, or 49%, over the same period in 2024. The increase is primarily due to higher volumes.
Gathering system operating costs consist primarily of rental payments for the natural gas fueled compression units and overhead fees due to the system’s operator. For the three and six months ended June 30, 2025, gathering system operating costs were constant compared to the same period in 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.