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Stock impact report

Empire Petroleum Reports Q3 2024 Results and Provides Strategic Operational Updates

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 third quarter results and progress on its North Dakota development program.THIRD QUARTER 2024 HIGHLIGHTSDelivered 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% oil, 17% natural gas liquids (“NGLs”), and 19% natural gas;Completed the first stage of Enhanced Oil Recovery (“EOR”) activities for Empire’s Starbuck Drilling Program (“Starbuck”) in North Dakota, successfully converting three wells into injectors;In Q3-2024, Empire began preparations for filing a provisional patent application with the United States Patent and Trademark Office (“USPTO”) in connection with a technology it developed in relation to hydrocarbon vaporization with the official applic Show less Read more
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