Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/epsilon-energy-announces-year-end-2013-reserves.shtmlEpsilon Energy announces year end 2013 reserves
Epsilon Energy Ltd. provide the results of its December 31, 2013 independent reserves report, engineering study results
Edit page New page Hide edit links
Epsilon Energy Ltd. provide the results of its December 31, 2013 independent reserves report, engineering study results as well as a current operational update.
Highlights
◾ Dec 2013 Lower Marcellus Well EUR/Reserves Appraisal ◾ Dec 2013 Proven and Probable (2P) reserves of 175.3 Bcf ◾ Dec 2012 Proven and Probable (2P) reserves of 167.5 Bcf ◾ Full Year 2013 Net Production of 13 Bcf ◾ 166% Reserve Replacement ◾ Average 2P EUR for producing wells estimated at 8.2 Bcf
◾ Completed Engineering Study ◾ Expect recent completion methods could provide up to a 50% increase in expected EUR/well for the remaining undeveloped (PUD) locations ◾ Current 2P PUD reserve appraisal of 84 Bcf based on older completion methods
