Epsilon Energy Ltd. today reported the closing of a new senior secured reserve-based revolving credit facility with Frost Bank as the issuing bank and sole lender. The new Credit Facility will replace the Company's previous credit facility. Highlights of the Credit Facility are listed below: Four year term Initial borrowing base of $35 million, supported by the Company's upstream assets in Pennsylvania, with semi-annual [...]
Epsilon Energy Ltd. today reported the final closing of an investment in Ector County, Texas. Epsilon closed on a 25% working interest on the 11,076 acre position previously mentioned in the press release dated May 16, 2023. The Company now holds a 25% working interest in 12,373 gross acres located in Ector County, Texas, operated by a Midland-based private operator. The total consideration net to Epsilon for the [...]
Epsilon Energy Ltd. today announced that its Board of Directors has declared a dividend of $0.0625 per share of common stock to the stock holders of record at the close of business on June 15th 2023, payable on June 30th 2023. All dividends paid by the Company are "eligible dividends" as defined in subsection 89 of the Income Tax Act , unless indicated otherwise. About Epsilon Epsilon Energy Ltd. is a North American [...]
Epsilon Energy Ltd. announced today that its Board of Directors has appointed Nicola Maddox to the Board, effective immediately. Ms. Maddox will serve an initial term expiring at Epsilon's 2023 Annual General Meeting of Shareholders and will stand for reelection at that time. The Board has also appointed Ms. Maddox to serve as a member of the Compensation, Nominating and Corporate Governance Committee, effective [...]
Epsilon Energy Ltd. today reported an investment in Ector County, Texas with material follow-on development opportunities. Epsilon is pleased to announce entering into a second drilling focused transaction in the Permian Basin. The acquired assets are a 25% working interest in 12,373 gross acres located in Ector County, Texas on the Central Basin Platform, operated by a Midland-based private operator. The position is on [...]
Epsilon Energy Ltd. today reported first quarter 2023 financial and operating results along with the announcement of a new transaction. First Quarter Financial Highlights: Reported net revenue interest production of 2.5 Bcfe for the quarter ended March 31, 2023 Realized average price of $2.98 per Mcfe including hedges for the quarter ended March 31, 2023 Delivered total revenues of $9.4 million for the quarter ended March [...]
Epsilon Energy Ltd. today announced that it will issue its first quarter 2023 earnings release on Wednesday, May 10, 2023 after the market close and host a conference call to discuss its financial and operating results on Thursday, May 11, 2023 at 10:00 a.m. Central Time . Interested parties in the United States and Canada may participate toll-free by dialing 816-1385. International parties may participate by dialing [...]
Epsilon Energy Ltd. today reported its financial results for the fourth quarter and full-year ended December 31, 2022. Epsilon's highlights for full-year 2022 include: Reported net revenue interest production of 10.0 Bcfe for the year ended December 31, 2022 Realized average price of $6.09 per Mcfe including hedges for the year ended December 31, 2022 Delivered total revenues of $70.0 million for the year ended December [...]
Epsilon Energy Ltd. today announced that its Board of Directors has declared a dividend of $0.0625 per share of common stock to the stock holders of record at the close of business on March 15th 2023, payable on March 31st 2023. All dividends paid by the Company are "eligible dividends" as defined in subsection 89 of the Income Tax Act , unless indicated otherwise. The Company also announced that it will issue its year [...]
Board declares dividend of $0.0625 per common share Resignation of Matthew Dougherty from the Board of Directors HOUSTON, Dec. 05, 2022 -- Epsilon Energy Ltd. today announced that its Board of Directors has declared a dividend of $0.0625 per share of common stock to the stock holders of record at the close of business on December 15th 2022, payable on December 30th 2022. All dividends paid by the Company are "eligible [...]
Epsilon Energy Ltd. today reported third quarter 2022 financial and operating results, as well as material subsequent events following the end of the quarter through the date of this release. Third Quarter Highlights: Maintained total net revenue interest production of 27.6 MMcfe/d for the three months ended September 30, 2022; Continued to realize strong prices of $7.54/Mcfe including hedges for the three months ended [...]
Epsilon Energy Ltd. today announced the timing of its third quarter 2022 earnings release and conference call. The Company will issue its third quarter 2022 earnings release on Thursday, November 10, 2022 after the market close and host a conference call to discuss its financial and operational results on Friday, November 11, 2022 at 10:00 a.m. Central Time . Interested parties in the United States and Canada may [...]