EPM
- Evolution Petroleum Corporation
()
Overview
Company Summary
Evolution Petroleum Corporation (EPM) is an independent energy company primarily focused on the acquisition, development, and production of oil and gas reserves. The company's unique approach centers around acquiring and enhancing oil and gas properties using advanced technologies to maximize production and optimize profitability.
EPM's core asset is its interest in the Delhi Field in Louisiana, which is an oil and natural gas reservoir. The company has employed a specialized CO2 enhanced oil recovery (EOR) technique, known as the "Grieve CO2" method, to extract additional oil from the reservoir. This technique involves injecting CO2 into the field, which expands the oil trapped in the rock, allowing for increased production rates.
In addition to its operations in the Delhi Field, EPM seeks opportunities to expand its asset base through acquisitions or joint ventures. The company has a disciplined approach to evaluating potential projects, focusing on those with low risk and high potential for economic returns.
Furthermore, EPM generates revenue through its strong oil and gas hedging program and by actively managing its working interest partners. This allows the company to mitigate commodity price volatility and protect its cash flows.
Overall, Evolution Petroleum Corporation aims to create value for its shareholders by leveraging its technical expertise, optimizing production from existing assets, and seeking strategic growth opportunities in the oil and gas industry.