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Subsequent Events | 6 Months Ended
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Jun. 30, 2025
Subsequent Events [Abstract] |
Subsequent Events | 18. Subsequent Events On August 11, 2025, Epsilon signed definitive agreements to acquire two entities, Peak Exploration and Production LLC and Peak BLM Lease LLC (together, “Peak”). Consideration at closing is proposed as the issuance of 6 million Epsilon common shares and the assumption of approximately $49 million in debt. Additional consideration is proposed as the issuance of 1.5 - 2.5 million Epsilon common shares are contingent on the receipt of drilling permits on, and the ability to access, leasehold currently affected by a drilling moratorium in Converse County, Wyoming. If the conditions are not met by year-end 2027, Epsilon has a $6.5 million cash option to retain the affected undeveloped leasehold. ​ The acquired assets include an operated position of 40,500 net acres producing 2.2 MBoepd in the Powder River Basin in Campbell and Converse County, Wyoming. ​ The transaction is subject to a shareholder vote; the associated proxy process will run in the interim period between signing and closing. If approved, the transaction is expected to close in the fourth quarter of 2025.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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