Epsilon Energy Ltd. is a North American onshore independent oil and gas company. It engages in the acquisition, exploration, development, gathering, and production of natural gas, oil, and natural gas liquids.
Its upstream operations include producing in basins such as the Marcellus Shale in Pennsylvania, as well as in the Permian Basin (Texas / New Mexico) and the Anadarko Basin (Oklahoma). On the gathering side, Epsilon also operates or partners in a gas gathering system to transport produced natural gas.
A key characteristic of Epsilon is its dual segmentation of upstream and gathering operations, allowing it to capture both production revenue and midstream fee income. Its acreage holdings are modest: as of its operations disclosures, it owns ~16,000 gross acres (4,000 net acres) targeting the Barnett Shale and holds producing wells in that region.