{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-003002","form_type":"8-K","ticker":"EPSN","cik":"0001726126","company_name":"Epsilon Energy Ltd.","filed_at":"2024-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.273488+00:00","generated_at":"2026-06-04T23:07:43.904818+00:00","sec_items":["1.01","2.01","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Epsilon closes $15M Permian Basin asset acquisition, adds 600+ BOEPD (75% oil)","bullets":["Acquired 25% working interest in 3 producing wells and 3,246 gross undeveloped acres from Pradera Fuego, LP for $15M cash.","Three wells producing over 1,500 BOEPD gross; net production pro forma exceeds 600 BOEPD (75% oil).","Fourth well drilling underway; plans for two additional wells in H1 2024 with $11M net capex budget funded from project cash flows.","COO Henry Clanton entered new employment agreement with $282K base salary and up to $150K annual incentive bonus.","Acquisition immediately accretive to cash flows and adds meaningful liquids to production mix."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-003002","json":"https://secwatch.observer/filing/0001558370-24-003002.json","markdown":"https://secwatch.observer/filing/0001558370-24-003002.md","text":"https://secwatch.observer/filing/0001558370-24-003002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1726126/000155837024003002/0001558370-24-003002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1726126/000155837024003002/epsn-20240212x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:07:43.904818+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1d8f150edb0161c9c889c8249c3d4992f581ad62","claim":"Epsilon Energy Ltd. completed an acquisition involving Pradera Fuego, LP for $15 million (closed 2024-02-27).","evidence_excerpt":"On February 27, 2024, the Company closed on an acquisition of assets in the Permian Basin, Ector County, Texas. The assets, acquired from Pradera Fuego, LP, include a 25% working interest in 3 producing wells and 3,246 gross undeveloped acres. The effective date for the transaction was (i) February 1, 2024 with respect to the leases and (ii) March 1, 2024 with respect to the wells. The total consideration paid was $15 million, funded from cash on-hand.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1726126/000155837024003002/0001558370-24-003002-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Pradera Fuego, LP"},{"label":"Consideration","value":"$15 million"},{"label":"Closing","value":"2024-02-27"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}