Evolution Petroleum Reports Fiscal Fourth Quarter and Full Year Fiscal 2026 Results

Original announcement by globenewswire on

Company
Evolution Petroleum Corporation
Ticker
EPM
Exchange
Unavailable
Region
Unavailable
Primary commodity
Crude oil
Secondary commodities
Natural gas, Natural gas liquids
Document categories
Resource update, Production, Agreement transaction
Extracted
2026-09-15 22:34:53 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Evolution Petroleum reported its fiscal fourth quarter and full year 2026 results, showing a rebound in net income to $4.6 million and a sequential doubling of Adjusted EBITDA to $6.5 million. The company's total proved reserves increased slightly to 27.2 MMBOE, replacing over 100% of its fiscal 2026 production. Post-quarter, Evolution completed a strategic $16.0 million acquisition of mineral and royalty interests in the Permian Basin, adding significant future drilling locations.

Reasoning: Evolution Petroleum reported mixed fiscal Q4 and full-year 2026 results, with increased net income and a significant sequential jump in Adjusted EBITDA, but a year-over-year decline in Adjusted EBITDA and production. The company successfully replaced over 100% of its production with new proved reserves and completed a strategic acquisition of Permian mineral and royalty interests, adding future growth potential.

Positive factors

  • Net income increased year-over-year and quarter-over-quarter.
  • Adjusted EBITDA more than doubled sequentially.
  • Proved reserves increased slightly year-over-year, replacing over 100% of production.
  • Strategic acquisition of Permian mineral and royalty interests adds significant upside.

Negative factors

  • Average daily production decreased year-over-year.
  • Adjusted EBITDA decreased year-over-year.
  • Adjusted Net Income was a loss for the quarter and year.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 55

Classification and evidence

Production Increasepositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Average BOEPD increased by 3% quarter-over-quarter.

Evidence · table

“3”

Context: % Change Q4/Q3

Production Decreasenegative · Story-specific tag

No canonical definition is currently available.

Why it applies: Average BOEPD decreased by 4% year-over-year.

Evidence · table

“(4”

Context: % Change Q4/Q4

Reserve Growthpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Total proved reserves increased from 27.1 MMBOE to 27.2 MMBOE year-over-year, replacing more than 100% of fiscal 2026 production.

Evidence · text

“Ended the current year with total proved reserves of 27.2 MMBOE, compared with 27.1 MMBOE at June 30, 2025, replacing more than 100% of fiscal 2026 production of 2.6 MMBOE.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Proved reserves were estimated by independent reservoir engineers, Cawley, Gillespie and Associates, Inc. and DeGolyer and MacNaughton.

Evidence · text

“Our proved reserves as of June 30, 2026, were estimated by our independent reservoir engineers, Cawley, Gillespie and Associates, Inc. and DeGolyer and MacNaughton, both worldwide petroleum consultants.”

SEC S-K 1300 Compliantpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The reserve estimation follows SEC rules related to reserve estimation and disclosure requirements.

Evidence · text

“The SEC sets rules related to reserve estimation and disclosure requirements for oil and natural gas companies.”

Strategic Acquisitionpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The company completed a $16.0 million acquisition of mineral and royalty interests in the core Midland Basin, adding significant future drilling locations.

Evidence · text

“Evolution completed the acquisition of mineral and royalty interests (“M&R”) in the core Midland Basin ("Permian Minerals") for approximately $16.0 million.”

Extracted facts

Stored fact records: 44. Some facts used in scoring do not have a stored record.

Resource Estimates (44)

Fact 1crude_oilTonnes: 7049000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:8efff5d7038692bcba89

Resource Data

Tonnes
7049000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Proved Developed Producing oil reserves are reported as 7,049 MBbls.

Positive factors

  • Proved Developed Producing reserves are the highest confidence category.

Evidence · table

“7,049”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 2natural_gasTonnes: 67400000000View all details
Link to this fact

Identity

Commodity
natural_gas
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:16607353490d713867da

Resource Data

Tonnes
67400000000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Proved Developed Producing natural gas reserves are reported as 67,400 MMcf.

Positive factors

  • Proved Developed Producing reserves are the highest confidence category.

Evidence · table

“67,400”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 3natural_gas_liquidsTonnes: 3750000View all details
Link to this fact

Identity

Commodity
natural_gas_liquids
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:e4153d59bcb8123a2a85

Resource Data

Tonnes
3750000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Proved Developed Producing NGLs reserves are reported as 3,750 MBbls.

Positive factors

  • Proved Developed Producing reserves are the highest confidence category.

Evidence · table

“3,750”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 4equivalentTonnes: 22032000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:3df46eb8bbd1d7887e9b

Resource Data

Tonnes
22032000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total Proved Developed Producing reserves are reported as 22,032 MBOE.

Positive factors

  • Proved Developed Producing reserves are the highest confidence category.

Evidence · table

“22,032”

Context: Proved Developed Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 5crude_oilTonnes: 301000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:d3519eff3abee0bee4cd

Resource Data

Tonnes
301000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Proved Non-Producing oil reserves are reported as 301 MBbls.

Evidence · table

“301”

Context: Proved Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 6natural_gasTonnes: 259000000View all details
Link to this fact

Identity

Commodity
natural_gas
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:29c5273d287d66e2700f

Resource Data

Tonnes
259000000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Proved Non-Producing natural gas reserves are reported as 259 MMcf.

Evidence · table

“259”

Context: Proved Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 7natural_gas_liquidsTonnes: 5000View all details
Link to this fact

Identity

Commodity
natural_gas_liquids
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:04b7670ad7801ed8bdf2

Resource Data

Tonnes
5000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Proved Non-Producing NGLs reserves are reported as 5 MBbls.

Evidence · table

“5”

Context: Proved Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 8equivalentTonnes: 349000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:0acee9b0f0c64d53471e

Resource Data

Tonnes
349000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total Proved Non-Producing reserves are reported as 349 MBOE.

Evidence · table

“349”

Context: Proved Non-Producing

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 9crude_oilTonnes: 3275000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:53ed901895e05422ce4a

Resource Data

Tonnes
3275000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Proved Undeveloped oil reserves are reported as 3,275 MBbls.

Evidence · table

“3,275”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 10natural_gasTonnes: 6533000000View all details
Link to this fact

Identity

Commodity
natural_gas
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:cf7bdddc9a5b3d10f280

Resource Data

Tonnes
6533000000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Proved Undeveloped natural gas reserves are reported as 6,533 MMcf.

Evidence · table

“6,533”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 11natural_gas_liquidsTonnes: 472000View all details
Link to this fact

Identity

Commodity
natural_gas_liquids
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:db64360ca0c46775b524

Resource Data

Tonnes
472000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Proved Undeveloped NGLs reserves are reported as 472 MBbls.

Evidence · table

“472”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 12equivalentTonnes: 4836000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:c453e1008beefbdbe78e

Resource Data

Tonnes
4836000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total Proved Undeveloped reserves are reported as 4,836 MBOE.

Evidence · table

“4,836”

Context: Proved Undeveloped

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 13crude_oilTonnes: 10625000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:7f185cf096674f1c2474

Resource Data

Tonnes
10625000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved oil reserves are reported as 10,625 MBbls.

Positive factors

  • Total proved oil reserves are reported.

Evidence · table

“10,625”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 14natural_gasTonnes: 74192000000View all details
Link to this fact

Identity

Commodity
natural_gas
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:88d108f0e4d8ab6020aa

Resource Data

Tonnes
74192000000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved natural gas reserves are reported as 74,192 MMcf.

Positive factors

  • Total proved natural gas reserves are reported.

Evidence · table

“74,192”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 15natural_gas_liquidsTonnes: 4227000View all details
Link to this fact

Identity

Commodity
natural_gas_liquids
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:c5ed046b1a9b750bed6f

Resource Data

Tonnes
4227000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved NGLs reserves are reported as 4,227 MBbls.

Positive factors

  • Total proved NGLs reserves are reported.

Evidence · table

“4,227”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Fact 16equivalentTonnes: 27217000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:5c2f28c20c8a3f1f0b58

Resource Data

Tonnes
27217000

Prior Estimate

Resource Date
2026-06-30
Prior Tonnes
27100000

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved reserves increased to 27.2 MMBOE as of June 30, 2026, compared to 27.1 MMBOE at June 30, 2025, replacing more than 100% of fiscal 2026 production.

Positive factors

  • Total proved reserves increased year-over-year and replaced over 100% of production.

Evidence · table

“27,217”

Context: Total Proved

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

SCOOP/STACKcrude_oilTonnes: 1325000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:a8249d6f57f22e4772a8
Deposit or zone
SCOOP/STACK

Resource Data

Tonnes
1325000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved oil reserves for SCOOP/STACK are reported as 1,325 MBbls.

Evidence · table

“1,325”

Context: SCOOP/STACK

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

SCOOP/STACKnatural_gasTonnes: 15080000000View all details
Link to this fact

Identity

Commodity
natural_gas
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:c3dc2dcd4001fffdc51a
Deposit or zone
SCOOP/STACK

Resource Data

Tonnes
15080000000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved natural gas reserves for SCOOP/STACK are reported as 15,080 MMcf.

Evidence · table

“15,080”

Context: SCOOP/STACK

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

SCOOP/STACKnatural_gas_liquidsTonnes: 1112000View all details
Link to this fact

Identity

Commodity
natural_gas_liquids
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:7922950732098e2b7f6e
Deposit or zone
SCOOP/STACK

Resource Data

Tonnes
1112000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved NGLs reserves for SCOOP/STACK are reported as 1,112 MBbls.

Evidence · table

“1,112”

Context: SCOOP/STACK

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

SCOOP/STACKequivalentTonnes: 4950000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:615a5c358822df2d1b7e
Deposit or zone
SCOOP/STACK

Resource Data

Tonnes
4950000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved equivalent reserves for SCOOP/STACK are reported as 4,950 MBOE.

Evidence · table

“4,950”

Context: SCOOP/STACK

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Chaveroo Fieldcrude_oilTonnes: 2714000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:cc683fb5494e17a210e5
Deposit or zone
Chaveroo Field

Resource Data

Tonnes
2714000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved oil reserves for Chaveroo Field are reported as 2,714 MBbls.

Evidence · table

“2,714”

Context: Chaveroo Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Chaveroo Fieldnatural_gasTonnes: 877000000View all details
Link to this fact

Identity

Commodity
natural_gas
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:ca3b0655943a2a1b4be7
Deposit or zone
Chaveroo Field

Resource Data

Tonnes
877000000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved natural gas reserves for Chaveroo Field are reported as 877 MMcf.

Evidence · table

“877”

Context: Chaveroo Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Chaveroo Fieldnatural_gas_liquidsTonnes: 187000View all details
Link to this fact

Identity

Commodity
natural_gas_liquids
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:1d279b82a1365e31e426
Deposit or zone
Chaveroo Field

Resource Data

Tonnes
187000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved NGLs reserves for Chaveroo Field are reported as 187 MBbls.

Evidence · table

“187”

Context: Chaveroo Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Chaveroo FieldequivalentTonnes: 3047000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:07766fc875e03f8a7258
Deposit or zone
Chaveroo Field

Resource Data

Tonnes
3047000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved equivalent reserves for Chaveroo Field are reported as 3,047 MBOE.

Evidence · table

“3,047”

Context: Chaveroo Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Jonah Fieldcrude_oilTonnes: 181000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:93e07b0e7dc302960ec4
Deposit or zone
Jonah Field

Resource Data

Tonnes
181000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved oil reserves for Jonah Field are reported as 181 MBbls.

Evidence · table

“181”

Context: Jonah Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Jonah Fieldnatural_gasTonnes: 18484000000View all details
Link to this fact

Identity

Commodity
natural_gas
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:d936c8328b986c34c47d
Deposit or zone
Jonah Field

Resource Data

Tonnes
18484000000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved natural gas reserves for Jonah Field are reported as 18,484 MMcf.

Evidence · table

“18,484”

Context: Jonah Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Jonah Fieldnatural_gas_liquidsTonnes: 238000View all details
Link to this fact

Identity

Commodity
natural_gas_liquids
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:e492ee2097b46d957ed2
Deposit or zone
Jonah Field

Resource Data

Tonnes
238000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved NGLs reserves for Jonah Field are reported as 238 MBbls.

Evidence · table

“238”

Context: Jonah Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Jonah FieldequivalentTonnes: 3500000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:4e0a2b3b276e65a00df2
Deposit or zone
Jonah Field

Resource Data

Tonnes
3500000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved equivalent reserves for Jonah Field are reported as 3,500 MBOE.

Evidence · table

“3,500”

Context: Jonah Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Williston Basincrude_oilTonnes: 1674000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:ddf1e2366083edf089fc
Deposit or zone
Williston Basin

Resource Data

Tonnes
1674000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved oil reserves for Williston Basin are reported as 1,674 MBbls.

Evidence · table

“1,674”

Context: Williston Basin

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Williston Basinnatural_gasTonnes: 1337000000View all details
Link to this fact

Identity

Commodity
natural_gas
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:3fc2d091ece20db10560
Deposit or zone
Williston Basin

Resource Data

Tonnes
1337000000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved natural gas reserves for Williston Basin are reported as 1,337 MMcf.

Evidence · table

“1,337”

Context: Williston Basin

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Williston Basinnatural_gas_liquidsTonnes: 332000View all details
Link to this fact

Identity

Commodity
natural_gas_liquids
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:f76e75b616af94988e50
Deposit or zone
Williston Basin

Resource Data

Tonnes
332000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved NGLs reserves for Williston Basin are reported as 332 MBbls.

Evidence · table

“332”

Context: Williston Basin

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Williston BasinequivalentTonnes: 2229000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:5f3f7b3ba48a8640f0f0
Deposit or zone
Williston Basin

Resource Data

Tonnes
2229000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved equivalent reserves for Williston Basin are reported as 2,229 MBOE.

Evidence · table

“2,229”

Context: Williston Basin

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Barnett Shalecrude_oilTonnes: 73000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:7c0642c6848079c954b4
Deposit or zone
Barnett Shale

Resource Data

Tonnes
73000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved oil reserves for Barnett Shale are reported as 73 MBbls.

Evidence · table

“73”

Context: Barnett Shale

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Barnett Shalenatural_gasTonnes: 29366000000View all details
Link to this fact

Identity

Commodity
natural_gas
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:c9fad17cb262cb0b172e
Deposit or zone
Barnett Shale

Resource Data

Tonnes
29366000000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved natural gas reserves for Barnett Shale are reported as 29,366 MMcf.

Evidence · table

“29,366”

Context: Barnett Shale

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Barnett Shalenatural_gas_liquidsTonnes: 1738000View all details
Link to this fact

Identity

Commodity
natural_gas_liquids
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:b5c7a4224e8fbe7d491a
Deposit or zone
Barnett Shale

Resource Data

Tonnes
1738000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved NGLs reserves for Barnett Shale are reported as 1,738 MBbls.

Evidence · table

“1,738”

Context: Barnett Shale

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Barnett ShaleequivalentTonnes: 6705000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:9588e0c0e14340368c0b
Deposit or zone
Barnett Shale

Resource Data

Tonnes
6705000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved equivalent reserves for Barnett Shale are reported as 6,705 MBOE.

Evidence · table

“6,705”

Context: Barnett Shale

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Hamilton Dome Fieldcrude_oilTonnes: 1684000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:abc7c9d28e4fc82d8a2c
Deposit or zone
Hamilton Dome Field

Resource Data

Tonnes
1684000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved oil reserves for Hamilton Dome Field are reported as 1,684 MBbls.

Evidence · table

“1,684”

Context: Hamilton Dome Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Hamilton Dome FieldequivalentTonnes: 1684000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:abc7c9d28e4fc82d8a2c
Deposit or zone
Hamilton Dome Field

Resource Data

Tonnes
1684000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved equivalent reserves for Hamilton Dome Field are reported as 1,684 MBOE.

Evidence · table

“1,684”

Context: Hamilton Dome Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Delhi Fieldcrude_oilTonnes: 1658000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:4eb8a3c692b76023a89d
Deposit or zone
Delhi Field

Resource Data

Tonnes
1658000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved oil reserves for Delhi Field are reported as 1,658 MBbls.

Evidence · table

“1,658”

Context: Delhi Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Delhi Fieldnatural_gas_liquidsTonnes: 620000View all details
Link to this fact

Identity

Commodity
natural_gas_liquids
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:61230f34bc95fdc175a2
Deposit or zone
Delhi Field

Resource Data

Tonnes
620000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved NGLs reserves for Delhi Field are reported as 620 MBbls.

Evidence · table

“620”

Context: Delhi Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

Delhi FieldequivalentTonnes: 2278000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:72a6f1379cc3f2b9103f
Deposit or zone
Delhi Field

Resource Data

Tonnes
2278000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved equivalent reserves for Delhi Field are reported as 2,278 MBOE.

Evidence · table

“2,278”

Context: Delhi Field

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

TexMex and Othercrude_oilTonnes: 1316000View all details
Link to this fact

Identity

Commodity
crude_oil
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:7067237bfa00e59a8a59
Deposit or zone
TexMex and Other

Resource Data

Tonnes
1316000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved oil reserves for TexMex and Other are reported as 1,316 MBbls.

Evidence · table

“1,316”

Context: TexMex and Other

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

TexMex and Othernatural_gasTonnes: 9048000000View all details
Link to this fact

Identity

Commodity
natural_gas
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:7b56bc544233d49740e8
Deposit or zone
TexMex and Other

Resource Data

Tonnes
9048000000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved natural gas reserves for TexMex and Other are reported as 9,048 MMcf.

Evidence · table

“9,048”

Context: TexMex and Other

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

TexMex and OtherequivalentTonnes: 2824000View all details
Link to this fact

Identity

Commodity
equivalent
Region
usa
Reported Region
U.S.
Ticker
EPM

Resource scope

Estimate type
resource
Reporting standards
sec_sk1300
QP Signed
Yes
Qualified person names
Cawley, Gillespie and Associates, Inc., DeGolyer and MacNaughton
Resource group id
resource:76794a1c97c4346abbcb
Deposit or zone
TexMex and Other

Resource Data

Tonnes
2824000

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-15T00:00:00.000Z

Reasoning: Total proved equivalent reserves for TexMex and Other are reported as 2,824 MBOE.

Evidence · table

“2,824”

Context: TexMex and Other

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.