Empire Petroleum Reports Q2 2024 Results and Provides an Update for North Dakota Drilling Program
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 reported 2024 second quarter results and progress on its North Dakota development drilling program.SECOND QUARTER 2024 HIGHLIGHTSQ2-2024 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 volumes grew by 23% sequentially and 25% year-over-year with largest increase from North Dakota operations67% oil, 16% natural gas liquids (“NGLs”), and 17% natural gas;Completion of the first stage of the North Dakota horizontal wells for Enhanced Oil Recovery (EOR) development in Q2-2024 and the EOR infrastructure to be completed by end of Q3-2024;Largest production increase was from the Starbuck field, an increase of ~500% from initial purchase;Increased year-over-year volumes by ~130% and quarter
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News
- Empire Petroleum Announces Record Date for Proposed Rights OfferingBusiness Wire
- Newman Ferrara LLP Announces Corporate Governance Investigation of Empire Petroleum Corporation – EPBusiness Wire
- Empire Petroleum Reports Q2 2024 Results and Provides an Update for North Dakota Drilling Program [Yahoo! Finance]Yahoo! Finance
EP
Sec Filings
- 9/13/24 - Form S-8
- 9/10/24 - Form 3
- 9/6/24 - Form 8-K
- EP's page on the SEC website