Epsilon 3Q – Production Drops but Profits Soar 586%

Epsilon Energy concentrates most of its effort on developing Marcellus Shale wells in Susquehanna County, PA. Epsilon typically does not 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 third quarter 2022 update last week. The company’s Marcellus net gas production was 2.3 Bcf (billion cubic feet) in total, not per day, during 3Q22. That number is down 12% from 2.6 Bcf in 3Q21. The good news is that the company received a lot more money for its production, given recent high prices, meaning it made a good profit.

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