Epsilon Energy Ltd. · NASDAQ:EPSN
Epsilon Energy — Investor Presentation (December 2023)
9 slides from Epsilon Energy's investor presentation, December 2023
Slide 1: Investor Presentation December 2023
Investor Presentation December 2023
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 High Quality Asset Base Q3 2023 Production: 21.5 MMcfe/d1 • Core NE PA Marcellus working interest position – majority operated by CHK • Some of the lowest cost natural gas reserves in the L48 • NE PA midstream (gas gathering) ownership – provides ste
Slide 4: Assets: Overview and Locations
Assets Overview and Locations 1 Marcellus Basin Upstream (Susquehanna Co, PA) | Auburn • 13,298 gross acres (5,098 net acres) • Operated by Chesapeake Energy • 19.0 MMcf/d NRI production (137 producing wells) in Q3 20231 1 2 • 84.5 Bcf net Proved reserves (12/31/22) • Estimated 72 undeveloped locati
Slide 5: NE PA Marcellus – Upstream Overview
NE PA Marcellus – Upstream Overview Summary Material Interest in Core NE PA Marcellus • 5,098 net acres in Susquehanna County, PA » Majority operated by Chesapeake Energy • 4,763 net acres held by production • 136 gross (25.6 net) working interest producing wells • 19% average wellbore working inter
Slide 6: 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 • Discharging
Slide 7: Permian Basin Overview
Permian Basin Overview Summary Permian Basin (CBP) Position • Ector Co. TX working interest » 25% working interest in 12,373 gross acres » Barnett type curve: EUR 110 BOE/ft (86% Oil); 12 mos: 176,000 BOE » 2 gross (0.5 net) wells on production in October 2023 » 1,775 BOEPD gross – trailing 40-day a
Slide 8: Financial Information
Financial Information Cash Returned to Shareholders Operating Income + DD&A1 2020 – Q32023 Q423 – 2024: 7 gross wells in PA 4-6 gross wells in TX Steady fee-based cash flow (midstream) $33.5MM Returned Since 12/31/19 (38% of Operating CF) Leverage to natural gas prices, near-term contribution from P
Slide 9: 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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