Epsilon Energy Ltd. (EPSN) Q3 2024 Earnings Call Transcript Summary
Epsilon Energy Ltd. (EPSN) Q3 2024 Earnings Call Transcript Summary
Reported a low realized price of $1.54 per Mcf in Pennsylvania and an increase in operating costs by about 40% due to plugging and abandonment activities.The following is a summary of the Epsilon Energy Ltd. (EPSN) Q3 2024 Earnings Call Transcript:
以下是epsilon energy ltd. (EPSN) 2024年第三季业绩会电话交流摘要：
Financial Performance:
财务表现:
Epsilon Energy reported a 19% quarter-over-quarter oil production growth driven by the online activation of the seventh Ector well in the Permian.
In contrast, they forecast quarter-over-quarter declines in liquids production until drilling resumes next year.
Reported a low realized price of $1.54 per Mcf in Pennsylvania and an increase in operating costs by about 40% due to plugging and abandonment activities.
EBITDA from the Permian contributed approximately $8.5 million, about 70% of the total company's figure.
epsilon energy报告，由Permian第七口Ector井的在线激活推动，油产量同比增长19%。
相反，他们预测在明年恢复钻探之前，液体生产将同比下降。
宾夕法尼亚州实现价格为每立方英尺1.54美元，由于封堵和弃置活动，营运成本增加约40%。
Permian的EBITDA贡献了约850万美元，约占总公司数字的70%。
Business Progress:
业务进展：
Announced entry into Alberta, Canada through two joint ventures, focusing initial development on the Garrington area with operations starting fourth quarter of this year.
Plans to drill four gross wells in 2025 in Alberta.
Continued development in the Permian Basin, despite operational delays, and plans in Pennsylvania for lifting curtailments and bringing deferred wells back online.
宣布通过两项合资企业进入加拿大阿尔伯塔省，重点初期开发加林顿地区，运营将于今年第四季度开始。
计划在2025年在阿尔伯塔省钻探四口总井
尽管运营延迟，Permian盆地继续发展，并计划在宾夕法尼亚提高限产并使延迟的油井恢复运营
Opportunities:
机会：
The expansion into Alberta, Canada represents a significant opportunity due to a favorable cost structure, royalty regime, and a large set of liquid-focused development opportunities.
There is potential for additional investments, particularly in Canada, aligning with the company's strategy to expand international presence and diversify operations.
扩展到加拿大的阿尔伯塔省，由于有利的成本结构、特许制度和一系列大规模的液体开发机会，代表了一个重要的机会
尤其是在加拿大，存在额外投资的潜力，符合公司扩展国际业务和多样化运营的战略
Risks:
风险：
Forecasted declines in liquid production until further drilling activity resumes next year, emphasizing potential operational delays and impact on production volumes.
Continuous low wellhead prices in Pennsylvania impacting revenue negatively.
Uncertainty surrounding the lifting of production curtailments and the timeline for bringing deferred wells back online.
预计液体生产量将下降，直到明年进一步钻探活动恢复，突出潜在的运营延迟和对生产量的影响
宾夕法尼亚持续低井口价格对营业收入产生负面影响
不确定因素涉及取消生产限制的时间表以及将延迟的井重新投入生产的时间表。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由人工智能生成。内容准确性无法完全保证。如需更全面详情，请参阅IR网站。本文仅供投资者参考，不具有任何指导或推荐建议。
