v3.25.2
Commodity Risk Management Activities (Tables)
6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of derivatives

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​

​

​

​

​

​

​

​

​

Fair Value of Derivative 
Assets

​

    

June 30, 

    

December 31, 

​

​

2025

​

2024

Current

 

​

  

 

​

  

Henry Hub Nymex Swap

 

$

322,385

​

$

151,274

Tennessee Z4 Basis swap

 

​

351,769

​

​

195,211

Henry Hub Nymex Option - Put

 

​

181,254

​

​

—

Crude Oil NYMEX WTI CMA

​

​

263,462

​

​

56,547

Long-term

 

 

​

​

​

​

Henry Hub Nymex Swap

​

​

7,225

​

​

—

Henry Hub Nymex Option - Put

 

​

222,199

​

​

—

​

 

$

1,348,294

​

$

403,032

​

​

​

​

​

​

​

​

​

​

Fair Value of Derivative
 Liabilities

​

    

June 30, 

    

December 31, 

​

​

2025

​

2024

Current

 

​

  

 

​

  

Henry Hub Nymex Swap

 

$

(264,965)

​

$

(448,852)

Tennessee Z4 Basis swap

 

​

—

​

​

(441,728)

Henry Hub Nymex Option - Call

​

​

(105,437)

​

​

—

Long-term

 

 

​

​

​

​

Henry Hub Nymex Swap

 

​

(51,406)

​

​

—

Henry Hub Nymex Option - Call

 

​

(193,958)

​

​

—

​

 

$

(615,766)

​

$

(890,580)

​

​

​

​

​

​

​

Net Fair Value of Derivatives

 

$

732,528

​

$

(487,548)

Schedule of fair value of derivatives rollforward

The following table presents the changes in the fair value of Epsilon’s commodity derivatives for the periods indicated:

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​

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​

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​

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Three months ended June 30, 

​

Six months ended June 30, 

​

    

2025

    

2024

    

2025

    

2024

Fair value of (liability) asset, beginning of the period

​

$

(1,534,675)

​

$

511,244

​

$

(487,548)

​

$

1,100,255

Gain/(loss) on derivative contracts included in earnings

​

 

2,573,863

​

 

(94,891)

​

 

1,111,693

​

 

(195,617)

Settlement of commodity derivative contracts

​

 

(306,660)

​

 

(272,257)

​

 

108,383

​

 

(760,542)

Fair value of asset, end of the period

​

$

732,528

​

$

144,096

​

$

732,528

​

$

144,096