Empire Petroleum Provides Encouraging North Dakota Drilling Program Update and Reports Q1 2024 Results
Empire Petroleum Corporation (EP)
Company Research
Source: Business Wire
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 HIGHLIGHTSReported 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% natural gasAverage daily oil sales volumes grew by 11% sequentially and 8% year-over-yearCommenced $20.66M Rights Offering at $5.00 per share to fund current drilling, 3-D seismic imaging, other strategic initiatives, and operations, which was successfully completed in Q2-24;Initiated 3-D & 2-D seismic survey for the North Dakota drilling program, 3-D & 2-D shoot was completed in May 2024, with data sent for processing and a completion target of the end of Q2-24;Continued optimization and evaluati
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News
- Empire Petroleum Provides Encouraging North Dakota Drilling Program Update and Reports Q1 2024 Results [Yahoo! Finance]Yahoo! Finance
- Empire Petroleum Announces Full Subscription of Rights Offering [Yahoo! Finance]Yahoo! Finance
- Empire Petroleum Announces Full Subscription of Rights OfferingBusiness Wire
- Empire Petroleum Announces Results for Fourth Quarter and Full Year 2023 [Yahoo! Finance]Yahoo! Finance
- Empire Petroleum Announces Results for Fourth Quarter and Full Year 2023Business Wire
EP
Sec Filings
- 6/20/24 - Form 4/A
- 6/18/24 - Form 8-K
- 6/4/24 - Form 4
- EP's page on the SEC website