$EPSN
Epsilon Energy Ltd

2022 Q1 Form 10-Q Financial Statement

#000155837022008381 Filed on May 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $13.60M $8.441M
YoY Change 61.11% 31.28%
Cost Of Revenue $1.930M $1.790M
YoY Change 7.81% -16.74%
Gross Profit $11.67M $6.660M
YoY Change 75.23% 55.61%
Gross Profit Margin 85.81% 78.9%
Selling, General & Admin $1.313M $1.530M
YoY Change -14.15% 29.66%
% of Gross Profit 11.25% 22.97%
Research & Development $2.390K $10.00K
YoY Change -76.1%
% of Gross Profit 0.02% 0.15%
Depreciation & Amortization $1.389M $1.680M
YoY Change -17.31% -30.29%
% of Gross Profit 11.9% 25.23%
Operating Expenses $2.705M $3.220M
YoY Change -15.99% -10.31%
Operating Profit $8.965M $3.432M
YoY Change 161.21% 397.41%
Interest Expense $15.32K $27.07K
YoY Change -43.42% -98.42%
% of Operating Profit 0.17% 0.79%
Other Income/Expense, Net -$977.4K $448.0K
YoY Change -318.16%
Pretax Income $7.988M $3.880M
YoY Change 105.86% 506.27%
Income Tax $2.182M $1.145M
% Of Pretax Income 27.32% 29.5%
Net Earnings $5.806M $2.736M
YoY Change 112.24% 781.59%
Net Earnings / Revenue 42.69% 32.41%
Basic Earnings Per Share $0.25 $0.11
Diluted Earnings Per Share $0.24 $0.11
COMMON SHARES
Basic Shares Outstanding 23.68M 23.95M
Diluted Shares Outstanding 23.86M 24.03M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.07M $17.90M
YoY Change 67.99% 16.23%
Cash & Equivalents $30.07M $18.42M
Short-Term Investments
Other Short-Term Assets $465.7K $700.0K
YoY Change -33.47% -82.5%
Inventory
Prepaid Expenses
Receivables $6.468M $3.500M
Other Receivables $0.00 $0.00
Total Short-Term Assets $37.00M $22.10M
YoY Change 67.44% -4.33%
LONG-TERM ASSETS
Property, Plant & Equipment $68.49M $67.60M
YoY Change 1.32% -6.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $568.9K $600.0K
YoY Change -5.19% 0.0%
Total Long-Term Assets $69.06M $68.10M
YoY Change 1.41% -6.2%
TOTAL ASSETS
Total Short-Term Assets $37.00M $22.10M
Total Long-Term Assets $69.06M $68.10M
Total Assets $106.1M $90.20M
YoY Change 17.59% -5.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.820M $700.0K
YoY Change 160.02% -75.0%
Accrued Expenses $2.378M $2.300M
YoY Change 3.4% 109.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.421M $4.800M
YoY Change 96.28% -27.27%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.775M $3.000M
YoY Change -7.51% 114.29%
Total Long-Term Liabilities $12.70M $3.000M
YoY Change 323.43% 114.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.421M $4.800M
Total Long-Term Liabilities $12.70M $3.000M
Total Liabilities $22.12M $18.70M
YoY Change 18.31% -8.33%
SHAREHOLDERS EQUITY
Retained Earnings -$64.46M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $83.94M $71.47M
YoY Change
Total Liabilities & Shareholders Equity $106.1M $90.20M
YoY Change 17.59% -5.75%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $5.806M $2.736M
YoY Change 112.24% 781.59%
Depreciation, Depletion And Amortization $1.389M $1.680M
YoY Change -17.31% -30.29%
Cash From Operating Activities $7.703M $5.625M
YoY Change 36.95% 7.96%
INVESTING ACTIVITIES
Capital Expenditures -$2.865M -$550.0K
YoY Change 420.82% -76.6%
Acquisitions
YoY Change
Other Investing Activities $3.610K $0.00
YoY Change
Cash From Investing Activities -$2.861M -$551.3K
YoY Change 418.96% -76.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $492.5K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.274M -492.5K
YoY Change 158.63% -67.17%
NET CHANGE
Cash From Operating Activities 7.703M 5.625M
Cash From Investing Activities -2.861M -551.3K
Cash From Financing Activities -1.274M -492.5K
Net Change In Cash 3.574M 4.581M
YoY Change -21.98% 236.86%
FREE CASH FLOW
Cash From Operating Activities $7.703M $5.625M
Capital Expenditures -$2.865M -$550.0K
Free Cash Flow $10.57M $6.175M
YoY Change 71.15% -18.32%

Facts In Submission

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CY2022Q1 dei Entity Registrant Name
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EPSILON ENERGY LTD.
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CA
CY2022Q1 dei Entity Tax Identification Number
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16945 Northchase Drive
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Houston
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77060
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670-0002
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Common Shares, no par value
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EPSN
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NASDAQ
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Assets
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CY2022Q1 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
106067319
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LiabilitiesAndStockholdersEquity
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CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
13600098
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8441312
CY2022Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1770654
CY2021Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1594188
CY2022Q1 us-gaap Exploration Expense
ExplorationExpense
159211
CY2021Q1 us-gaap Exploration Expense
ExplorationExpense
190947
CY2022Q1 epsn Development Geological And Geophysical Expenses
DevelopmentGeologicalAndGeophysicalExpenses
2386
CY2021Q1 epsn Development Geological And Geophysical Expenses
DevelopmentGeologicalAndGeophysicalExpenses
11539
CY2022Q1 us-gaap Property Plant And Equipment Net
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68493697
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2021Q1 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2022Q1 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0
CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;white-space:pre-wrap;">1. Description of Business</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Epsilon Energy Ltd. (the “Company” or “Epsilon” or “we”) was incorporated under the laws of the Province of Alberta, Canada on March 14, 2005. On October 24, 2007, the Company became a publicly traded entity trading on the Toronto Stock Exchange (“TSX”) in Canada. On February 14, 2019, Epsilon’s registration statement on Form 10 was declared effective by the United States Securities and Exchange Commission and on February 19, 2019, the Company began trading in the United States on the NASDAQ Global Market under the trading symbol “EPSN.” Effective as of the close of trading on March 15, 2019 Epsilon voluntarily delisted its common shares from the TSX. The Company is engaged in the acquisition, development, gathering and production of primarily natural gas reserves in the United States.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p>
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates pertain to proved natural gas and oil reserves and related cash flow estimates used in impairment tests of natural gas and oil, and gathering system properties, asset retirement obligations, accrued natural gas and oil revenues and operating expenses, accrued gathering system revenues and operating expenses, as well as the valuation of commodity derivative instruments. Actual results could differ from those estimates.</p>
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30070813
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
568118
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30639667
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27065423
CY2022Q1 us-gaap Proved Oil And Gas Property Successful Effort Method
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CY2022Q1 us-gaap Unproved Oil And Gas Property Successful Effort Method
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CY2022Q1 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
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CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
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CY2022Q1 us-gaap Oil And Gas Property Successful Effort Method Net
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CY2021Q4 us-gaap Oil And Gas Property Successful Effort Method Net
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CY2022Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
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42490479
CY2021Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
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CY2022Q1 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
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CY2021Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
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33443949
CY2022Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
8763369
CY2021Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
9031137
CY2022Q1 us-gaap Land
Land
637764
CY2021Q4 us-gaap Land
Land
637764
CY2022Q1 epsn Property Plant And Equipment Excluding Land
PropertyPlantAndEquipmentExcludingLand
300318
CY2021Q4 epsn Property Plant And Equipment Excluding Land
PropertyPlantAndEquipmentExcludingLand
309102
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
202633000
CY2022Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
1030000.00
CY2022Q1 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2021Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2022Q1 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2021Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2022Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1183410
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
8000000
CY2022Q1 epsn Shares Repurchased As Percentage Of Outstanding Common Shares
SharesRepurchasedAsPercentageOfOutstandingCommonShares
0.05
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
140189000
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5805888
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2735567
CY2022Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
0
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
534015
CY2021Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1193000
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2423007
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
4.54
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2000000
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0625
CY2022Q1 epsn Annual Dividends Payable Amount Per Share
AnnualDividendsPayableAmountPerShare
0.25
CY2022Q1 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
1500000
CY2022Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
671
CY2021Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
142157
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
22686
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
805359
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2181898
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1144573
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
312916
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
13600098
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8441312
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2021Q1 epsn Development Geological And Geophysical Expenses
DevelopmentGeologicalAndGeophysicalExpenses
11539
CY2021Q1 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
1682860
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5805888
CY2022Q1 epsn Project Operating Costs
ProjectOperatingCosts
1929865
CY2022Q1 epsn Development Geological And Geophysical Expenses
DevelopmentGeologicalAndGeophysicalExpenses
2386
CY2022Q1 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
1389219
CY2022Q1 epsn Segment Assets
SegmentAssets
106260149
CY2022Q1 epsn Segment Capital Expenditures
SegmentCapitalExpenditures
2626287
CY2022Q1 epsn Proved Oil And Gas Property Successful Effort Method Net
ProvedOilAndGasPropertySuccessfulEffortMethodNet
36998720
CY2022Q1 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
21793526
CY2022Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
8763369
CY2022Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
938082
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8441312
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6468261
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4596931
CY2022Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1466896
CY2021Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
155370
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2735567
CY2021Q1 epsn Project Operating Costs
ProjectOperatingCosts
1785135
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
623355
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
13600098
CY2022Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
692316
CY2021Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
183844
CY2022Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2159212
CY2021Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
339214
CY2022Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
22015
CY2021Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
663202
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23677842
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23947222
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23862428
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24030104
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
62444000
CY2021Q1 epsn Segment Assets
SegmentAssets
90202359
CY2021Q1 epsn Segment Capital Expenditures
SegmentCapitalExpenditures
992724
CY2021Q1 epsn Proved Oil And Gas Property Successful Effort Method Net
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35361937
CY2021Q1 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
21510765
CY2021Q1 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
9735190
CY2021Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
973219
CY2022Q1 epsn Concentration Risk Number Of Customers
ConcentrationRiskNumberOfCustomers
12
CY2021Q1 epsn Concentration Risk Number Of Customers
ConcentrationRiskNumberOfCustomers
18
CY2022Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-971904
CY2022Q1 epsn Proceeds From Payments For Settlements Of Derivative Contracts Operating Activities
ProceedsFromPaymentsForSettlementsOfDerivativeContractsOperatingActivities
-1211728
CY2021Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
465341
CY2021Q1 epsn Proceeds From Payments For Settlements Of Derivative Contracts Operating Activities
ProceedsFromPaymentsForSettlementsOfDerivativeContractsOperatingActivities
64200
CY2022Q1 us-gaap Number Of Credit Risk Derivatives Held
NumberOfCreditRiskDerivativesHeld
0
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
13312
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
253136
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-239824
CY2021Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-239824
CY2022Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-971904
CY2021Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
465342
CY2022Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-1211728
CY2021Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
64201
CY2022Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
0
CY2021Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
401141
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2833656
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3150243
CY2022Q1 epsn Asset Retirement Obligation Liabilities Acquired Or Disposed Of
AssetRetirementObligationLiabilitiesAcquiredOrDisposedOf
6684
CY2022Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
73998
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
31945
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-8299
CY2022Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
19576
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
97994
CY2022Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2785918
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2833656
CY2021 epsn Asset Retirement Obligation Liabilities Acquired Or Disposed Of
AssetRetirementObligationLiabilitiesAcquiredOrDisposedOf
-374337

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0001558370-22-008381.txt Edgar Link pending
0001558370-22-008381-xbrl.zip Edgar Link pending
epsn-20220331.xsd Edgar Link pending
epsn-20220331x10q.htm Edgar Link pending
epsn-20220331x10q_htm.xml Edgar Link completed
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