EPSN Profile
Epsilon Energy Ltd (EPSN) is a small independent oil and gas exploration and production company. It is focused on acquiring, exploring, developing and producing oil and natural gas properties in North America. The company has operations in Pennsylvania, West Virginia, and Ohio in the United States, and in Quebec and New Brunswick in Canada. EPSN primarily targets unconventional resource plays, including the Marcellus and Utica shale formations.
As of September 2021, EPSN had proved reserves of 146.1 billion cubic feet equivalent (Bcfe), with a daily production of 44.1 million cubic feet equivalent (MMcfe). The company also has an additional 103.1 Bcfe of probable reserves and 34.5 Bcfe of possible reserves.
Like many other small energy companies, EPSN has faced challenges due to the COVID-19 pandemic and the resulting decline in demand for oil and gas. However, the company has continued to operate and has implemented cost-cutting measures to help mitigate the impact of lower prices. EPSN is also exploring potential strategic alternatives, including partnerships or a sale of the company.
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