Empire Petroleum Corporation
New York Stock Exchange ArcaCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Michael R. Morrisett
- Full Time Employees
- 61
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 2200 South Utica Place Tulsa OK United States of America 74114
- IPO Date
- Oct 27, 1999
- CIK
- 0000887396
- Website
- empirepetroleumcorp.com
- Similar Companies
- Business
- Empire Petroleum Corporation (NYSE American: EP) is a Tulsa, Oklahoma-based independent exploration and production company focused on the acquisition, optimization, and development of mature onshore oil and natural gas assets in the United States. Incorporated in 1983 and formerly known as Americomm Resources Corporation until its name change in August 2001, the company operates long-life, low-decline producing properties primarily in the Permian Basin, Bakken, and central Gulf Coast regions across New Mexico (Lea County), North Dakota (Bottineau, Renville, Burke, and McKenzie Counties), Montana (Richland County), Louisiana (St. Landry and Beauregard Parishes), and Texas (Houston, Leon, and Madison Counties); it maintains additional acreage holdings of approximately 48,000 acres in the Permian Central Basin Platform, 20,000 acres in the North Dakota and Montana Williston Basin, and 30,000 acres in East Texas multi-stacked pay zones including the Woodbine, Eagle Ford, and Buda-Rose plays. Empire generates revenue through operated and non-operated well production, emphasizing operational efficiencies in well rehabilitation, stimulation, field maintenance, and management to produce low-risk cash flows, complemented by opportunistic hedging programs to stabilize returns amid commodity price volatility. The company targets economical development of conventional hydrocarbons for stability and shareholder growth, serving domestic energy markets with a portfolio that delivered $44.04 million in revenue for 2024, reflecting a 9.71% year-over-year increase. Recent developments include the full subscription of a rights offering to bolster liquidity and fund expansions, a unanimous victory before the New Mexico Oil Conservation Commission securing approvals for enhanced oil recovery (EOR) initiatives and protection of its EMSU assets, ongoing advancements in the Starbuck Drilling Program in North Dakota with CO2 development efforts positioning for 2026 growth, and sustained operational momentum demonstrated in first, second, and third quarter 2025 results amid production enhancements and strategic field investments.
Company News
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Empire Petroleum Marks Strategic Milestone With Successful 21,006-Foot Well in the Western Haynesville in Texas to Accelerate Revenue Development
Empire Petroleum Reports Financial Results for Second Quarter 2026 and Provides Operational Update
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Zacks Initiates Coverage of Empire With Neutral Recommendation
Hungary urges EU parliament to drop lawsuit over funds release
Empire Petroleum Reports Financial Results for First Quarter 2026 and Provides Operational Update
Empire Petroleum Announces Full Subscription of Rights Offering
Empire Petroleum Announces Participation in Louisiana Oil and Natural Gas Development Program
Empire Petroleum Reports Financial Results for Fourth Quarter and Full Year 2025 and Provides Operational Updates
Empire Petroleum Announces Modification of Terms of Previously Announced Rights Offering
Boston Scientific Corp (BSX) Q4 2025 Earnings Call Highlights: Surpassing Financial Goals with Robust Growth
Empire Petroleum Announces Commencement of Previously Announced Rights Offering
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Empire Petroleum Announces Record Date for Proposed Rights Offering
Empire Petroleum Extends $20.0 Million Revolver Loan Facility with Equity Bank Through 2028
Empire Petroleum Reports Third Quarter 2025 Results, Advances Development, and Positions for 2026 Growth
Empire Petroleum Announces Full Subscription of Rights Offering