Epsilon Energy Ltd. (EPSN) has released an update.
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Epsilon Energy Ltd. has reported a decrease in total production and revenues in the first quarter of 2024, with net revenue interest production dropping by 11% and total revenues falling by 7% from the previous quarter. Partially offsetting the decline, oil and natural gas liquids production saw increases of 15% and 25%, respectively. Despite a general downturn, the company experienced a slight increase in average realized prices for their energy production, with a 7% rise excluding hedges and an 11% rise when including hedges.
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