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Stock impact report

Epsilon Reports Third Quarter 2019 Results

Epsilon Energy Ltd. - Common Shares (EPSN) 
Company Research Source: GlobeNewswire
HOUSTON, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported third quarter 2019 financial and operating results. Michael Raleigh, CEO, commented, “Following the initial flow-back and testing phase the operator turned in-line to sales four lower Marcellus wells on October 30th. Due to one of the wells being drilled shorter than planned, resulting from drilling issues, these four wells contributed 8800’ rather than the originally planned 9300’ of completed lateral net to Epsilon’s interests. During the first few days of November these wells were contributing approximately 13.5 MMcf/d to the Company’s net working interest production of roughly 34.0 MMcf/d. This represents a 65% production increase over the third quarter exit rate. In the NW Stack the company participated in one net well. We postponed completion capital allocation given the pricing and differentials for crude oil and natural gas liquids which provide a signi Show less Read more
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