Epsilon Energy Ltd. Enters Material Definitive Agreement

Ticker: EPSN · Form: 8-K · Filed: May 21, 2024 · CIK: 1726126

Epsilon Energy LTD. 8-K Filing Summary
FieldDetail
CompanyEpsilon Energy LTD. (EPSN)
Form Type8-K
Filed DateMay 21, 2024
Risk Levelmedium
Pages2
Reading Time2 min
Key Dollar Amounts$0.475
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, filing

Related Tickers: EPSN

TL;DR

EPSN signed a big deal, filing shows financials.

AI Summary

Epsilon Energy Ltd. announced on May 17, 2024, that it entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Alberta, Canada, with its principal executive offices located in Houston, Texas.

Why It Matters

This filing indicates a significant new contract or partnership for Epsilon Energy Ltd., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities that are not yet fully understood.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Epsilon Energy Ltd.?

The filing does not specify the details of the material definitive agreement, only that one was entered into on May 17, 2024.

When was the material definitive agreement entered into?

The material definitive agreement was entered into on May 17, 2024.

Where are Epsilon Energy Ltd.'s principal executive offices located?

Epsilon Energy Ltd.'s principal executive offices are located at 500 Dallas St., Suite 1250, Houston, Texas 77002.

In which jurisdiction is Epsilon Energy Ltd. incorporated?

Epsilon Energy Ltd. is incorporated in Alberta, Canada.

What is the Commission File Number for Epsilon Energy Ltd.?

The Commission File Number for Epsilon Energy Ltd. is 001-38770.

Filing Stats: 577 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-05-21 11:43:21

Key Financial Figures

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On May 17, 2024, Epsilon Energy USA, Inc. ("Epsilon") executed a new Anchor Shipper Gas Gathering Agreement for Northern Pennsylvania (the "ASGGA") with operator Appalachia Midstream Services, LLC for a primary term of ten years and an effective date of January 1, 2024. Epsilon simultaneously terminated the prior agreement. The new ASGGA establishes fixed gathering, compression and cross-flow rates for all shippers on each system into which Epsilon produces natural gas. These rates will be adjusted annually by the Consumer Price Index for All Urban Consumers ("CPI-U") commencing January 2025. Notably, the gathering rates in Auburn GGS, Rome GGS & Overfield GGS will no longer be subject to a cost-of-service redetermination annually; however, acreage dedications, service priority levels, required shipper approvals and shipper voting procedures are all substantially similar to the prior agreement. The new fixed rate for gathering services in Auburn GGS for 2024 is $0.475 per MMBtu. A copy of the ASGGA is filed herewith as Exhibit 10.1 and the terms are incorporated by reference into this Item 1.01 as if fully set forth herein.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Anchor Shipper Gas Gathering Agreement with Appalachia Midstream Services, LLC dated May 17, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EPSILON ENERGY LTD. Date: May 21, 2024 By: /s/ J. Andrew Williamson J. Andrew Williamson Chief Financial Officer 2

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