Permian Production Increase
Oil production in the Permian increased by 180% year-on-year, contributing more than 60% to cash flows in 2024.
New Project in Alberta, Canada
Epsilon established a new project area in Alberta with a joint venture that adds multi-year economic inventory at a $7 million drilling carry. Two wells are currently on flowback.
Marcellus Market Recovery
Production in Marcellus increased to approximately 30 million cubic feet per day, up 85% from the 2024 daily average, with wellhead pricing improving by 100%.
Reserves Growth
Proved reserves grew by approximately 20% year-over-year, with additional reserves in the Marcellus and Permian.
Financial Liquidity
Epsilon has over $50 million in liquidity, including an undrawn credit facility, providing a strong position for future investments.