Epsilon Energy Ltd.

Good day and thank you for standing by. Welcome to the Epsilon Energy first quarter of 2026 earnings conference call. Today, all participants will be in a listen-only mode. Should you need assistance during today's call, please signal for a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question at that time, you may press star then one on your telephone keypad. To withdraw your question, please press star, then two. Please note that today's event is being recorded. I would now like to turn the conference over to Andrew Williamson, the company's CFO. 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 first quarter of 2026 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 press release that we issued yesterday for disclosures on forward looking statements and reconciliations of non-GAAP measures. With that, I would like to turn the call over to Jason Stabell, our Chief Executive Officer.

Thank you, Andrew, and good morning, everyone. Joining me today are Andrew Williamson, our CFO, and Henry Clanton, COO. We'll be available for questions after our remarks. We're off to a solid start in 2026 and remain firmly on track with the development plan we outlined earlier this year. The key message today is simple. We are in execution mode and we expect to deliver meaningful production growth year over year with the oil weighted ramp in the Permian and Powder River basins beginning in the second quarter and building through the back half of the year. Across the portfolio, activity is progressing as planned. In the Permian, our ninth well in the project and our first three plus mile Barnett well is expected online in the second quarter. In the Powder River Basin, two Niobrara ducks, which we acquired in last year's acquisition, will be completed in June and turn to sales in the third quarter, followed by a three-well Parkman development in the fourth quarter. This activity sets up material oil-weighted production growth in both basins starting in the second half of the year and carrying into 2027. These new volumes will have full exposure to higher oil prices. From a financial standpoint, the first quarter reflects a combination of strong gas pricing and a full quarter of contribution from our Powder River Basin assets. We have also recently taken steps during the second quarter to strengthen the balance sheet, including further debt reduction and monetizing non-core assets at attractive values. Looking ahead, the path forward is clear. Focus on production growth in our oily assets while maintaining a strong balance sheet.