Acquisition of Peak Companies
Epsilon announced the acquisition of Peak Companies, adding a new core area in the Powder River Basin at an attractive price, enhancing capabilities and control to add per share value.
Increase in Proved Reserves
Epsilon's year-end '24 proved reserves increased by over 150%, while liquids production increased by over 200% and the priority inventory count increased by over 600%.
Refinancing and Credit Facility Expansion
Refinancing Peak's term loan with an expanded revolving credit facility led by existing lender, with an indicative borrowing base of $95 million.
Development Plans and Joint Ventures
Epsilon plans for development of 3 high-working interest Parkman wells and has ongoing technical collaboration to improve joint venture performance in Alberta.