| Schedule of fair value of derivatives |
| | | | | | | | | Fair Value of Derivative
Assets | | | March 31, | | December 31, | | | 2026 | | 2025 | Current | | | | | | | NYMEX Henry Hub (LD) Options Call | | $ | — | | $ | — | NYMEX Henry Hub (LD) Options Put | | | 967,137 | | | 709,792 | NYMEX Henry Hub (LD) Swaps | | | 685,577 | | | 683,222 | NYMEX WTI CMA Options Put | | | 205,985 | | | 313,499 | NYMEX WTI CMA Swaps | | | — | | | 1,398,169 | Long-term | | | | | | | NYMEX Henry Hub (LD) Options Put | | | 738,950 | | | 647,795 | NYMEX Henry Hub (LD) Swaps | | | 33,445 | | | 28,058 | NYMEX WTI CMA Options Put | | | 387,226 | | | 900,856 | | | $ | 3,018,320 | | $ | 5,401,303 |
| | | | | | | | | Fair Value of Derivative
Liabilities | | | March 31, | | December 31, | | | 2026 | | 2025 | Current | | | | | | | NYMEX Henry Hub (LD) Options Call | | $ | (721,504) | | $ | (295,384) | NYMEX Henry Hub (LD) Swaps | | | (71,181) | | | (51,081) | NYMEX WTI CMA Options Call | | | (655,625) | | | (63,877) | NYMEX WTI CMA Swaps | | | (3,817,533) | | | — | Long-term | | | | | | | NYMEX Henry Hub (LD) Options Call | | | (494,277) | | | (654,616) | NYMEX WTI CMA Options Call | | | (863,773) | | | (418,612) | NYMEX WTI CMA Options Put | | | (26,748) | | | — | NYMEX WTI CMA Swaps | | | (400,396) | | | — | | | $ | (7,051,037) | | $ | (1,552,027) | | | | | | | | Net Fair Value of Derivatives | | $ | (4,032,717) | | $ | 3,849,276 | | | | | | | | Net Current | | $ | (3,407,144) | | $ | 2,694,340 | Net Long-Term | | $ | (625,573) | | $ | (465,832) |
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| Schedule of fair value of derivatives rollforward |
The following table presents the changes in the fair value of Epsilon’s commodity derivatives for the periods indicated: | | | | | | | | | Three months ended March 31, | | | 2026 | | 2025 | Fair value of asset (liability), beginning of the period | | $ | 3,849,276 | | $ | (487,548) | Loss on derivative contracts included in earnings | | | (8,929,829) | | | (1,462,170) | Settlement of commodity derivative contracts | | | 1,047,836 | | | 415,043 | Fair value of liability, end of the period | | $ | (4,032,717) | | $ | (1,534,675) |
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