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:
以下是愛普西隆能源有限公司（EPSN）2024年第三季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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報告稱，受二疊紀第七口埃克托油井在線激活的推動，石油產量同比增長了19％。
相比之下，他們預測，在明年恢復鑽探之前，液體產量將同比下降。
報告稱，賓夕法尼亞州的已實現價格較低，爲每立方英尺1.54美元，由於封堵和廢棄活動，運營成本增加了約40％。
二疊紀的息稅折舊攤銷前利潤貢獻了約850萬美元，約佔公司總額的70％。
Business Progress:
業務進展：
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.
宣佈通過兩家合資企業進入加拿大艾伯塔省，將初步開發重點放在加靈頓地區，將於今年第四季度開始運營。
計劃於2025年在艾伯塔省鑽探四口總油井。
儘管運營出現延誤，但二疊紀盆地仍在繼續開發，賓夕法尼亞州計劃取消削減開採量並使延期油井恢復運營。
Opportunities:
機會：
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.
由於有利的成本結構、特許權使用費制度以及大量以液體爲中心的開發機會，向加拿大艾伯塔省的擴張是一個重大機遇。
有可能進行更多投資，特別是在加拿大，這符合公司擴大國際影響力和實現業務多元化的戰略。
Risks:
風險：
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.
預計在明年恢復進一步鑽探活動之前，液體產量將下降，這凸顯了潛在的運營延誤和對產量的影響。
賓夕法尼亞州的持續低井口價格對收入產生了負面影響。
解除減產措施以及延期油井恢復上線的時間表存在不確定性。
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.
小貼士：本文由 AI 生成。無法完全保證內容的準確性。如需更全面的詳情，請訪問投資者關係網站。本文僅供投資者參考，不提供任何指導或建議建議。
