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Epsilon Energy To buy 10,200 gross prospective Marcellus shale leasehold acres for C$5.1 Mln in cash - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Epsilon Energy Ltd (EPS.TO) said it has entered into an agreement to acquire 10,200 gross prospective Marcellus shale leasehold acres in Chemung and Tioga counties in New York from a privately held company for about C$5.1 million in cash.

The acquired acreage is included within an existing joint venture and Area of Mutual Interest for which the company is the operator and holds a 50% working interest. Two other privately held companies each hold a 25% working interest in the joint venture and AMI.

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