Empire Petroleum
About: Empire Petroleum Corp is a conventional oil and natural gas producer with a main focus in the US onshore. The company possesses long-life, mature, producing assets with slow decline profiles in the Permian Basin, Bakken region and central Gulf Coast region, in the states of New Mexico, North Dakota, Montana, Louisiana and Texas. It has production from operated and non-operated wells in Lea County in New Mexico, Bottineau, Renville, Burke, and McKenzie Counties in North Dakota, Richland County in Montana, St. Landry, Beauregard Parishes in Louisiana and Houston, Leon and Madison Counties in Texas.
Employees: 50
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
13% more funds holding
Funds holding: 39 [Q2] → 44 (+5) [Q3]
9% more capital invested
Capital invested by funds: $17.7M [Q2] → $19.4M (+$1.66M) [Q3]
0.58% more ownership
Funds ownership: 11.3% [Q2] → 11.88% (+0.58%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for EP.
Financial journalist opinion
Neutral
PRNewsWire
1 week ago
Kuehn Law Encourages Investors of Empire Petroleum Corp to Contact Law Firm
NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Empire Petroleum Corp (NYSE: EP) breached their fiduciary duties to shareholders. The investigation concerns potential self-dealing.
Neutral
Business Wire
4 weeks ago
Empire Petroleum Increases Revolver Loan Facility with Equity Bank to $20 Million in Support of Strategic Growth Initiatives
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) (“Empire” or the “Company”) today announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank (Equity Bancshares, Inc. NYSE: EQBK), increasing the total principal commitment to $20.0 million, up from an initial $10.0 million through December 29, 2026. Currently, Empire has approximately $8.4 million borrowed on the $20.0 million facility. The loan is secured by assets from two of.
Neutral
Business Wire
1 month ago
Empire Petroleum Reports Q3 2024 Results and Provides Strategic Operational Updates
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today reported 2024 third quarter results and progress on its North Dakota development program. THIRD QUARTER 2024 HIGHLIGHTS Delivered Q3-2024 net production volumes of 2,460 barrels of oil equivalent per day (“Boe/d”) including 1,573 barrels of oil per day (“Bbl/d”) Boe/d is comprised of 64% oi.
Neutral
Business Wire
1 month ago
Empire Petroleum Announces Full Subscription of Rights Offering
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its previously announced rights offering (the “Rights Offering”) was fully subscribed. The subscription period for the Rights Offering expired at 5:00 p.m., New York City time, on October 24, 2024. The Company received subscriptions for more than 100% of t.
Neutral
Business Wire
2 months ago
Empire Petroleum Announces Extension of Previously Announced Rights Offering
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has extended the expiration date of its previously announced subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $10.0 million. The Company has extended the Expiration Date in orde.
Neutral
Business Wire
2 months ago
Empire Petroleum Announces Commencement of Previously Announced Rights Offering
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $10.0 million. The Company is distributing at no charge to holders of its common stock, p.
Neutral
Business Wire
3 months ago
Empire Petroleum Announces Record Date for Proposed Rights Offering
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its Board of Directors has fixed the close of business on September 30, 2024 as the record date (the “Record Date”) for a subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $10 milli.
Neutral
Business Wire
4 months ago
Newman Ferrara LLP Announces Corporate Governance Investigation of Empire Petroleum Corporation – EP
NEW YORK--(BUSINESS WIRE)---- $EP #NYTop100--Newman Ferrara LLP announced today that the firm is conducting an investigation on behalf of shareholders of Empire Petroleum Corporation (“Empire” or the “Company”) (NYSE:EP) into potential breaches of fiduciary duty by the Company's Board of Directors (the “Board”). Empire, headquartered in Tulsa, OK, is a conventional oil and natural gas producer with a main focus in the US onshore. Newman Ferrara's investigation focuses on decisions made by the Board, without shar.
Neutral
Business Wire
4 months ago
Empire Petroleum Reports Q2 2024 Results and Provides an Update for North Dakota Drilling Program
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today reported 2024 second quarter results and progress on its North Dakota development drilling program. SECOND QUARTER 2024 HIGHLIGHTS Q2-2024 net production volumes rose 20% sequentially and 24% year-over-year to 2,638 barrels of oil equivalent per day (“Boe/d”); Average daily oil sales volume.
Neutral
Business Wire
7 months ago
Empire Petroleum Provides Encouraging North Dakota Drilling Program Update and Reports Q1 2024 Results
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, today provided an update on its North Dakota development drilling program and reported results for the first quarter of 2024. FIRST QUARTER 2024 HIGHLIGHTS Reported Q1-24 net sales volumes of 2,207 barrels of oil equivalent per day (“Boe/d”); 65% oil, 17% natural gas liquids (“NGLs”), and 18% nat.
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