| Schedule of fair value of derivatives |
| | | | | | | | | Fair Value of Derivative
Assets | | | June 30, | | December 31, | | | 2026 | | 2025 | Current | | | | | | | NYMEX Henry Hub (LD) Options Put | | $ | 1,021,783 | | $ | 709,792 | NYMEX Henry Hub (LD) Swaps | | | 398,315 | | | 683,222 | NYMEX WTI CMA Options Put | | | 258,529 | | | 313,499 | NYMEX WTI CMA Swaps | | | 18,931 | | | 1,398,169 | Long-term | | | | | | | NYMEX Henry Hub (LD) Options Put | | | 435,659 | | | 647,795 | NYMEX Henry Hub (LD) Swaps | | | 40,067 | | | 28,058 | NYMEX WTI CMA Options Put | | | 311,763 | | | 900,856 | NYMEX WTI CMA Swaps | | | 8,075 | | | 719,912 | | | $ | 2,493,122 | | $ | 5,401,303 |
| | | | | | | | | Fair Value of Derivative
Liabilities | | | June 30, | | December 31, | | | 2026 | | 2025 | Current | | | | | | | NYMEX Henry Hub (LD) Options Call | | $ | (322,047) | | $ | (295,384) | NYMEX Henry Hub (LD) Swaps | | | (34,070) | | | (51,081) | NYMEX WTI CMA Options Call | | | (524,860) | | | (63,877) | NYMEX WTI CMA Swaps | | | (808,486) | | | — | Long-term | | | | | | | NYMEX Henry Hub (LD) Options Call | | | (287,090) | | | (654,616) | NYMEX Henry Hub (LD) Swaps | | | (11,489) | | | (68,457) | NYMEX WTI CMA Options Call | | | (491,858) | | | (418,612) |
NYMEX WTI CMA Swaps | | | (69,688) | | | — | | | $ | (2,549,588) | | $ | (1,552,027) | | | | | | | | Net Fair Value of Derivatives | | $ | (56,466) | | $ | 3,849,276 | | | | | | | | Net Current | | $ | 8,095 | | $ | 2,694,340 | Net Long-Term | | $ | (64,561) | | $ | (465,832) |
|
| 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 June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Fair value of asset (liability), beginning of the period | | $ | (4,032,717) | | $ | (1,534,675) | | $ | 3,849,276 | | $ | (487,548) | Loss on derivative contracts included in earnings | | | 2,245,470 | | | 2,573,863 | | | (6,684,358) | | | 1,111,693 | Settlement of commodity derivative contracts | | | 1,730,781 | | | (306,660) | | | 2,778,616 | | | 108,383 | Fair value of asset (liability), end of the period | | $ | (56,466) | | $ | 732,528 | | $ | (56,466) | | $ | 732,528 |
|