Epsilon Energy (EPSN) Company Report

Epsilon Energy Ltd. (EPSN) issued 2,234,847 common shares to Yorktown Energy Partners XI, LP, on November 20, 2025.
This share issuance was contingent consideration for the acquisition of Peak BLM Lease LLC, which had previously closed on November 14, 2025.
The issuance was authorized after the company's board of directors determined that the "Resolution Date" had occurred, fulfilling regulatory thresholds as per the Purchase Agreement.
There is no further consideration due under the Purchase Agreement for this acquisition.

Nov 20, 2025, 9:05 PM

Epsilon Energy Ltd. Announces Closing of Peak Companies Acquisitions

EPSN

M&A

Board Change

Proxy Vote Outcomes

Epsilon Energy Ltd. (EPSN) announced the closing of the acquisitions of Peak Exploration and Production LLC and Peak BLM Lease LLC on November 14, 2025.
As consideration, 5,681,489 common shares were issued to the Peak Companies' shareholders at closing, with up to 2,500,000 additional common shares or $6.5 million in cash contingent on regulatory approvals.
The company's credit facility commitments were increased to $80 million, and $50.5 million was drawn at closing to repay existing loans and associated costs.
Bryan H. Lawrence and Jack Vaughn were appointed to Epsilon's Board of Directors.
Shareholders approved the issuance of common shares related to the acquisitions on November 12, 2025.

Nov 14, 2025, 9:22 PM

Epsilon Energy Discusses Q3 2025 Results and Strategic Powder River Basin Acquisition

EPSN

M&A

Earnings

New Projects/Investments

Epsilon Energy announced the acquisition of Peak Companies, a strategic milestone adding oil-weighted production and significant inventory in the Powder River Basin, with shareholder approval for the transaction scheduled for November 12th.
The company reported year-to-date adjusted earnings of $0.45 per share for Q3 2025.
The Permian asset has generated over $18 million in operating cash flow from an investment of approximately $42 million, with drilling activity expected to resume in Q1 2026.
For 2026, Epsilon Energy has hedged 60% of pro forma PDP oil volumes at a weighted average WTI strike price of $63.30 per barrel and 50% of gas volumes with collars.
The acquisition values core undeveloped net acreage in the Powder River Basin at less than $900 per acre or less than $300,000 per priority location, which management considers a discount to market value.

Nov 6, 2025, 4:00 PM

Epsilon Energy Announces New Senior Secured Revolving Credit Facility

EPSN

Debt Issuance

M&A

New Projects/Investments

Epsilon Energy Ltd. closed a new and revised senior secured reserve-based revolving credit facility on October 10, 2025, with Frost Bank as the administrative agent and Frost Bank and Texas Capital Bank as lenders.
The facility has a four-year term, maturing on October 8, 2029, and an initial borrowing base and commitments of $47.5 million.
Proceeds from the new Credit Facility will be used to repay Peak's existing term loan, with an estimated balance of $49.6 million at closing, facilitating the acquisition of the Peak companies.
The borrowing base is set for semi-annual redeterminations and will be increased in Q4 2025 to include the acquired Peak assets.

Oct 14, 2025, 8:05 PM

Epsilon Energy Closes New Credit Facility

EPSN

Debt Issuance

M&A

Epsilon Energy Ltd. (EPSN) has closed a new senior secured reserve-based revolving credit facility with Frost Bank and Texas Capital Bank, replacing its previous credit facility.
The new Credit Facility has a four-year term, maturing on October 8, 2029, and an initial borrowing base of $47.5 million.
Proceeds from the facility will be used to repay Peak's existing term loan, estimated at $49.6 million at closing, enabling the acquisition of the Peak companies.
Interest on drawdowns will be charged at the 3-Month Term SOFR rate plus a margin of 3-4%, payable quarterly.