Epsilon Energy Ltd

From Wikimarcellus

Here is where some info about Epsilon Energy Ltd should go.
This article is still a stub and needs your attention. It does
not have a template and contains minimal information. Please dive
in and help it grow!

In September, 2008, Epsilon Energy Ltd (EPS.TO) was reported to have leased an additional 10,200 acres in Chemung and Tioga counties in New York. The acreage is located between its Park Place and Evans Hill projects according to Fred Zaziski, Epsilon's President. The company is the operator and holds a 50% working interest. In total, it now owns a 50% interest in approximately 87,200 leasehold acres in New York and Pennsylvania.

Another report in September, 2008 stated that Epsilon had completed two horizontal wells in their Highway 706 project in east central Pennsylvania near Mr. Carmel, PA. Drilling was still underway on a third well in this area. It has already received water withdrawal permits for fracing and continued drilling from the Susquehanna River Basin Commission (SRBC) on this project. Epsilon owns drilling rights to 11,500 acres in this development, and most of it is unexplored.

Fracing of the first of these wells as well as microseismic evaluation has a planned mid-November completion date.

Epsilon provided an operational update in November, 2008 in which they reported a substantial slickwater fracture on its initial horizontal well and inital test results on the well are promising.

Epsilon is working on a gathering system and will tap into the Tennessee Gas Pipeline. The initial phase of the company's pipeline infrastructure for the Hwy. 706 project is expected to be complete by the end of June, 2009.

It also has a presence in the Quebec Utica shale play.

The company produces on land in West Virgina and Ohio.

Fred Zaziski is Epsilon's President.