Chris Degner's questions to Evolution Petroleum Corp (EPM) leadership • Q3 2025
Question
Chris Degner of Water Tower Research asked about the shift from CO2 injection to a waterflood at the Delhi EOR project and its expected long-term impact on Lease Operating Expenses (LOE).
Answer
President and CEO Kelly Loyd expressed strong approval for the operational change, noting it was a move they had wanted for years. He stated it will save Evolution approximately $400,000 to $500,000 per month with minimal impact on production. CFO Ryan Stash quantified the potential impact, suggesting future LOE could be in the mid-$20s per BOE, similar to periods when the CO2 line was previously down.