In Ector County, Texas, the two recently completed wells have now been flowing for over 40 days. To date, the wells have produced approximately 71,000 BOE (80% crude) combined. Currently, the wells are flowing over 2,500 BOEPD (80% crude) combined. Epsilon holds a 25% WI and 18.75% NRI.

Jason Stabell, Epsilon’s Chief Executive Officer, commented, “Although still early days, these results exceed our pre-drill estimates and confirm the potential of the nearby large 11,000 acre (approx. 3,600 acres net) position where we hold the same interest. We estimate 20-30 gross remaining undeveloped locations there. We are very excited about our plans to drill up to four gross wells (1 net) in Ector County in 2024.

In Pennsylvania, the first three (gross) wells (of the seven total well proposals received in the third quarter) are now drilled, and drilling is underway on the remaining four. All seven wells are expected to be completed in the first half of 2024. We expect this activity to add meaningfully to NRI production from the Auburn area.”

About Epsilon

Epsilon Energy Ltd. is a North American onshore natural gas and oil production and gathering company with assets in Pennsylvania, Texas, New Mexico, and Oklahoma.

Contact Information:

281-670-0002

Jason Stabell
Chief Executive Officer
[email protected]

Andrew Williamson
Chief Financial Officer
[email protected]