Empire Petroleum Corporation

Empire Petroleum Corporation is a conventional oil and natural gas producer primarily focused on onshore assets within the United States. The company's core mission revolves around optimizing developed production through efficient field management methods to maximize reserve recovery, while engaging in limited and highly selective drilling activities. Headquartered in Tulsa, Oklahoma, Empire Petroleum aims to generate shareholder value through its operational strategies.

The company's key products include crude oil, natural gas, and natural gas liquids (NGLs). Empire Petroleum operates in significant US onshore regions, including the Permian Basin, Bakken region, and the central Gulf Coast. Its operational footprint spans New Mexico, North Dakota, Montana, Texas, and Louisiana. The company's strategy emphasizes economical well rehabilitation, stimulation, and field maintenance to ensure low-risk cash flows, complemented by opportunistic acquisitions of predictable, long-life, low-decline production assets.

Empire Petroleum Corporation is publicly traded on the NYSE American under the ticker symbol EP. Mike Morrisett serves as the Chief Executive Officer. Recent corporate developments include the establishment of an at-the-market equity sales program in May 2026, allowing the company to sell up to $30 million in common stock. In March 2026, Empire Petroleum announced the full subscription of a rights offering and its participation in a Louisiana Oil and Natural Gas Development Program. The company also reported its fourth-quarter and full-year 2025 financial results in March 2026, which included a net loss of $72.1 million for 2025, and disclosed hedging approximately 90% of its estimated oil production for the remaining three quarters of 2026.