Epsilon Energy Ltd. · NASDAQ:EPSN
Epsilon Energy — Investor Presentation (November 2024)
11 slides from Epsilon Energy's investor presentation, November 2024
Slide 1: Investor Presentation November 2024
Investor Presentation November 2024
Slide 2: Disclaimers
Disclaimers Certain statements contained in this presentation constitute forward looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, ‘may”, “will”, “project”, “should”, ‘believe”, and similar expressions are intended to identify forward-looking statements.
Slide 3: Epsilon Overview
Epsilon Overview Investment Highlights Statistics NEPA Marcellus position Q3 2024 Total Sales Volumes: • Core NE PA Marcellus working interest position – majority operated by Expand Energy 3,130 BOE/d (25% Liquids)1 • 3 gross (0.5 net) pending wells came online in late October Q3 2024 Gas Sales Volu
Slide 4: Capital Spending and Capital Allocation
Capital Spending Capital Allocation LTM Capital Spending + Shareholder Returns (Q423 – Q324): $41.9mm $23.1mm | 56% $8.4mm | 20% $2.6mm | 6% $5.5mm | 13% $2.2mm | 5% Permian (TX) PA Marcellus Alberta (CA) Dividends Share Buybacks • Permian • Established new growth asset in Ector Co. TX (currently pr
Slide 5: Assets
Assets Overview and Locations 1 Marcellus Basin (Susquehanna Co, PA) | Auburn • 11,605 gross acres (5,142 net acres) • Operated by Expand Energy • 12.9 MMcf/d NRI production (139 producing wells) in Q3 20241 • 3 gross (0.5 net) wells put on production in O4 2024 • 213.3 Bcf net Proved + Probable2 re
Slide 6: NE PA Marcellus – Upstream Overview
NE PA Marcellus – Upstream Overview Summary Material Interest in Core NE PA Marcellus • 5,142 net acres in Susquehanna County, PA » Majority operated by Expand Energy • 139 gross (26.1 net) working interest producing wells • 19% average WI / 87% average NRI per well • 7 (gross, 0.7 net) wells drille
Slide 7: Permian Basin Overview
Permian Basin Overview Summary Ector Co. (CBP) Position • Ector Co. TX working interest › Scaled position in one of the hottest emerging plays in the basin › 25% working interest in 16,693 gross acres › Barnett type curve: EUR 112 BOE/ft (86% Oil); 12 mos: 177,000 BOE › All 7 wells drilled to date o
Slide 8: Alberta Overview
Alberta Overview Summary Alberta (Garrington & Harmattan) • JV (signed October 2024) with premier private operator in Alberta WCSB in the Garrington & Harmattan areas (WCSB) • EPSN to earn a 25% interest in the lands in exchange for a $10mm CAD (~$7.3mm USD) drilling carry over the next 12 months: ›
Slide 9: NE PA Marcellus – Midstream Overview
NE PA Marcellus – Midstream Overview Summary Auburn Compression Facility: Susquehanna Co., PA • 35% interest in the Auburn Gas Gathering System (GGS) • Partners: Williams Companies (operator) & Equinor • 45 miles of gathering pipelines • Compression facility capacity of 220,000 MMcf/d (at current su
Slide 10: Financial Information
Financial Information Segment Operating CF1 • Leverage to higher natural gas prices with pending volumes, substantial undrilled inventory in Auburn, and midstream ownership (Q3 2024 expected in be the trough in PA NRI gas production) • Permian oil / liquids growth set to continue in 2025 • Establish
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures Epsilon defines Adjusted EBITDA as earnings before (1) net interest expense, (2) taxes, (3) depreciation, depletion, amortization and accretion expense, (4) impairments of natural gas and oil properties, (5) non-cash stock compensation expense, (6) gain or loss on derivat
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