Epsilon Reports Second Quarter 2021 Results and Encouraging Oklahoma Appraisal Well Results apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
EPSILON REPORTS FIRST QUARTER 2020 RESULTS Houston, Texas - May 13, 2020 - Epsilon Energy Ltd. ( Epsilon or the Company ) (NASDAQ: EPSN) today reported first quarter 2020 financial and operating results and material subsequent events following the end of the quarter through the date of this release. Marcellus net revenue interest (NRI) gas production averaged 29.4 MMcf/d (Working Interest of 33.8 MM/d). Auburn System gathered and delivered 23 Bcfe gross (8.1 Bcfe net to Epsilon s interest) which represents approximately 77% of the designed throughput capacity. Total Revenues of $6.4 MM for the quarter Generated EBITDA of $4.6 MM and free cash flow (FCF) of $2.9 MM for the quarter. Net income before tax of $0.64 MM for the quarter following a $1.76 MM write down of the Oklahoma producing assets resulting from the recent drastic price deterioration due to global oversupply of oil and demand destruction due to the