Epsilon Energy收购Jack Vaughn位于Powder River的Peak E&P公司

公共勘探与生产公司 Epsilon Energy 以约 8626 万美元的价格收购位于 Powder River Basin 核心区的 Peak Exploration and Production 及其附属公司。


公共勘探与生产公司 Epsilon Energy 正在收购位于 Powder River Basin 的Peak Exploration and Production及其附属公司。

Peak E&P LLC 和 Peak BLM Lease LLC(统称为 Peak)的大部分股权由Yorktown Energy Partners基金持有。

Epsilon 将发行 600 万股普通股,并承担约 4900 万美元的债务,以收购 Peak 的 Powder River Basin 资产。根据 Epsilon 10 天成交量加权平均股价每股 6.21 美元计算,该交易价值约为 8626 万美元。

该公司 8 月 13 日表示,Epsilon 可能会额外发行 250 万股股票,或价值 1,553 万美元,“但要取决于能否进入目前受怀俄明州康弗斯县钻探许可证禁令影响的土地”。

收购的Peak资产包括位于Powder River盆地核心区的40,500净英亩土地。2025年第二季度的平均产量为2,200桶油当量/天(其中石油占56%,天然气占44%)。

Epsilon 估计 Peak 拥有 111 个“顶级”钻井地点,这些地点至少拥有 45% 的所有权,10,000 英尺已完工的水平井,预计在 WTI 价格为 65 美元/桶和 Henry Hub 价格为 4 美元/千立方英尺时产生 25% 的回报。

Powder River 将成为 Epsilon 的第四个开发区,另外四个是 Marcellus、Permian、Barnett 和阿尔伯塔省的加拿大西部沉积盆地。

“这对公司来说是向前迈出的关键一步。我们以极具吸引力的价格收购了一项尚未充分开发的大型资产,”Epsilon 首席执行官 Jason Stabell 表示。“我们要感谢由 Jack Vaughn 领导的 Peak 团队为此次收购提供的帮助,我们很高兴能与他们继续合作。”


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Peak 由董事长兼首席执行官杰克·沃恩 (Jack Vaughn) 领导,预计将加入 Epsilon 董事会。Yorktown 的一位代表也将作为卖方董事会指定代表加入。

沃恩在石油和天然气业务的建立和出售方面拥有丰富的经验。他于2002年在德克萨斯州狭长地带启动了Granite Wash项目,后来出售给了Forest Oil。Peak随后建立了Barnett页岩气业务并将其出售给 XTO Energy,随后转向巴肯地区的石油业务——最终通过与 Enerplus 和 Kodiak Oil & Gas的交易退出。

Peak 一直快速进军新兴油田,并于 2012 年进军怀俄明州粉河盆地。

最初的计划是在坎贝尔县的 Hartzog Draw 油田边缘钻水平井,目标是香农地层。

“我们的第一口井确实非常成功,”沃恩六月份在怀俄明州赖特接受哈特能源公司采访时说道。

自那时起,该公司在盆地核心地带,靠近EOG ResourcesDevon Energy等主要运营商,建立了一个尚未开发的地区。

Peak一直是测试Powder多层叠层阶地的先驱。其覆盖范围涵盖Teapot、Parkman、Sussex、Shannon、Niobrara、Turner和Mowry水库。Epsilon估计,在4000英尺(约1227米)的储层目标范围内,共有326个净可采位置。

Peak 在尼奥布拉勒页岩和莫里页岩中拥有最大的上涨潜力,这两个页岩是 Powder 储量区中最重要的水平目标。

去年,Peak 向美国证券交易委员会 (SEC) 提交了 首次公开募股(IPO) 申请。但 Peak 后来以市场环境严峻为由搁置了 IPO 流程。上个月底,Peak 正式撤回了向 SEC 提交的 IPO 计划。

此次收购Peak的交易预计将于第四季度完成。德州资本证券公司(Texas Capital Securities)担任Epsilon的财务顾问,Gray Reed担任法律顾问。


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Epsilon Energy Buys Jack Vaughn’s Peak E&P in Powder River

Public E&P Epsilon Energy is acquiring Peak Exploration and Production and its affiliates in the core of the Powder River Basin for approximately $86.26 million.


Public E&P Epsilon Energy is acquiring Peak Exploration and Production and its affiliates in the Powder River Basin.

Peak E&P LLC and Peak BLM Lease LLC, collectively known as Peak, are majority owned by Yorktown Energy Partners' funds.

Epsilon will issue 6 million common shares and assume around $49 million of debt to acquire Peak’s Powder River Basin assets. Based on Epsilon’s 10-day volume-weighted average share price of $6.21 per share, the deal’s value is approximately $86.26 million.

Epsilon could issue an additional 2.5 million shares, or $15.53 million, “subject to the ability to access acreage currently affected by a drilling permit moratorium in Converse County, Wyoming,” the company said Aug. 13.

The acquired Peak assets include 40,500 net acres in the core of the Powder River Basin. Second-quarter 2025 production averaged 2,200 boe/d (56% oil, 44% gas).

Epsilon estimates Peak holds 111 “top-tier” drilling locations—which have at least a 45% ownership stake, 10,000 ft of completed lateral and are expected to generate a 25% return at $65/bbl WTI and $4/Mcf Henry Hub.

The Powder River will be Epsilon’s fourth development area, alongside the Marcellus, Permian, Barnett and the Western Canada Sedimentary Basin in Alberta.

“This is a key step forward for the company. We are acquiring a large under exploited asset at an attractive price,” said Epsilon CEO Jason Stabell. “We want to thank the Peak team, led by Jack Vaughn, for their help putting this together and we're excited to work with them going forward.”


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Powder River Basin Oil Keeps Paying for Jack Vaughn's Peak E&P


Peak is led by chairman and CEO Jack Vaughn, who is expected to join the Epsilon board. A Yorktown representative will also join as a seller board designee.

Vaughn has a deep track record of building and selling oil and gas businesses. He started in 2002 with a Granite Wash project in the Texas Panhandle, later sold to Forest Oil. Peak then built and sold a Barnett Shale gas position to XTO Energy, followed by a pivot to oil in the Bakken—ultimately exiting through deals with Enerplus and Kodiak Oil & Gas.

With a history of being a fast mover into emerging plays, Peak moved into Wyoming’s Powder River Basin in 2012.

The original thesis was to drill horizontal wells on the fringes of the legacy Hartzog Draw Field in Campbell County, targeting the Shannon formation.

“And our first well was really very much a success,” Vaughn told Hart Energy in an interview in Wright, Wyoming, in June.

Since then, the company has built a largely undeveloped position in the core of the basin, near major operators like EOG Resources and Devon Energy.

Peak has been a pioneer in testing the Powder’s multiple stacked benches. Its acreage includes exposure to the Teapot, Parkman, Sussex, Shannon, Niobrara, Turner and Mowry reservoirs. Epsilon estimates 326 net viable locations across 4,000 ft of reservoir targets.

Peak holds the most upside in the Niobrara and Mowry shales, the top horizontal targets in the Powder.

Last year, Peak filed paperwork with the U.S. Securities and Exchange Commission (SEC) to pursue an initial public offering. But Peak later tabled its IPO process, citing challenging market conditions. Late last month, Peak formally withdrew its IPO plan with the SEC.

The Peak deal is expected to close in the fourth quarter. Epsilon was represented by Texas Capital Securities as financial adviser and Gray Reed as legal adviser.


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