Epsilon Energy Ltd. is a North American on-shore focused independent oil and natural gas company engaged in the acquisition, development, gathering and production of oil and gas reserves. Our primary areas of operation are the Marcellus basin in northeast Pennsylvania and the Anadarko basin in Oklahoma. Our assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.
At December 31, 2022, Epsilon's total estimated net proved reserves were 90,040 million cubic feet (MMcf) of natural gas, 491,226 barrels (Bbl) of NGLs and 211,059 barrels (Bbl) of oil and other liquids.
Epsilon owns ~ 5,098 net acres in the high quality dry gas window of southwest Susquehanna County, Pennsylvania and ~ 8,527 net acres in Dewey County, Oklahoma. Epsilon is also an owner of the Auburn Gas Gathering system in Rush Township, Pennsylvania which collects, processes, compresses and delivers natural gas into Tennessee Gas Pipeline.
The common shares of the Corporation trade on the NASDAQ with the ticker symbol "EPSN".
Continue to maximize the value in our upstream and midstream assets, while we
utilize our strong balance sheet to sustainably grow through organic and inorganic opportunities
Epsilon owns ~ 4,000 net acres within the high quality gas in place (GIP) window of the Marcellus Shale in northeast Pennsylvania.
The field is located in southwest Susquehanna County and is operated by Chesapeake Energy, Inc.
At year end 2018, Epsilon had 117.2 Bcfe of proved reserves.
Significant incremental reserve and production growth potential exists from shorter stage completions in the Lower Marcellus as well as exploitation of the Upper Marcellus resource.