Epsilon Energy 2021 – Production Down 10%, Revenue Up 174%

Epsilon Energy concentrates most of its effort on the Marcellus Shale in Susquehanna County, PA. Epsilon doesn’t typically do its own drilling. The company joint venture partners with (gives money to) other companies, like Chesapeake Energy, and the other company typically does the drilling. Epsilon issued its fourth quarter and full-year 2021 update last week. The company’s Marcellus net gas production was 2.6 Bcf (billion cubic feet) in 4Q21. The company generated revenues of $13.8 million during 4Q21, compared to $5.9 million for 4Q20. Realized natural gas prices averaged $3.65/Mcf including hedges, and $4.36/Mcf excluding hedges.

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