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Stock impact report

Epsilon Announces a Second Transaction in the Permian Basin

Epsilon Energy Ltd. - Common Shares (EPSN) 
Company Research Source: GlobeNewswire
HOUSTON, May 16, 2023 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) 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 an emerging Mississippian play proximal to several other active public and private operators. The Company will participate in the drilling and completion of 2 gross wells (0.5 net), both 10,000’ laterals, over the remainder of 2023 (the first well is already drilled, first production from both wells is estimated for the fourth quarter of 2023). Epsilon signed definitive agreements to acquire a 25% working interest in a 1,297 acre unit and a 25% working interest in a 11,076 acre p Show less Read more
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