Epsilon Energy Ltd.

To ask a question, you may press star then one on your telephone keypad. And to withdraw your question, please press star then two. I would now like to turn the conference over to Andrew Williamson, Chief Financial Officer. Please go ahead.

Thank you, Operator. And on behalf of the management team, I would like to welcome all of you to today's conference call to review Epsilon's acquisition of the peak companies in our second quarter 2025 financial and operational results. Before we begin, I would like to remind you that our comments may include forward-looking statements. It should be noted that a variety of factors could cause Epsilon's actual results to differ materially from the anticipated results or expectations expressed in these forward-looking statements. Today's call may also contain certain non-GAAP financial measures. Please refer to the earnings release that we issued yesterday for disclosures on forward-looking statements and reconciliations of non-GAAP measures. With that, I'd like to turn the call over to Jason Stavell, our Chief Executive Officer.

Thank you, Andrew. Good morning, and thank you for participating in our 2025 second quarter conference call. Joining me today are Andrew Williamson, our CFO, and Henry Clanton, our COO. We will be available to answer questions later in the call. Today, along with our earnings release, we announced the acquisition of the Peak Companies with assets in the Powder River Basin, PRB. The deal adds a new core area to the company at an attractive price. The acquisition includes key members of the Peak Team that bring over 15 years of InBasin operating experience. It adds oil-weighted production and a massive operated inventory of locations across multiple benches. Importantly, the position is approximately 75% held by production. allowing for returns-driven capital allocation over time as commodity prices dictate. We think this PRB platform provides the opportunity for both organic and inorganic growth. Our near-term activities post-closing will focus on the Parkman Formation, a semi-conventional reservoir with half-cycle economics that rival anything in our existing portfolio at a significantly lower implied acquisition cost per location compared to available acreage in the Marcellus or the Permian. We estimate 14 net Parkman two-mile laterals on the position with opportunities to add incremental interest via pooling and leasing. In addition, the assets add attractive inventory estimated at 90 net two-mile locations in the Niobrara and Mowry, which offset operators, including EOG and Devon, are currently developing on adjacent acreage. Over time, we expect these intervals to develop into a meaningful percentage of our capital expenditures. They offer a nice balance of oil and gas potential. Approximately 30% of the identified priority inventory is currently affected by a drilling permit moratorium in Converse County, Wyoming. We've addressed this issue by making a portion of the consideration contingent on our ability to access this inventory. We are optimistic given the current regulatory environment the moratorium will be lifted in the near to medium term post close we think our high quality asset mix across the marcellus permian barnett and prb is truly unique in the small cap space the addition of this operated asset base gives us enhanced capabilities and control to add per share value we are also excited to add yorktown as a large shareholder I've known and worked with the principals of the firm for over 20 years. They are experienced and successful energy investors that will bring tremendous value as we continue to grow the company. I want to thank them and the PEAK team led by Jack Vaughan for their partnership. I'll now turn the call over to Andrew and Henry for some comments on the deal and our second quarter results.