Empire Petroleum
EP

$5.46

0.55%

Market Cap: 170M

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

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

250% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 2

15% more funds holding

Funds holding: 34 [Q4 2023] → 39 (+5) [Q1 2024]

0.8% less ownership

Funds ownership: 13.48% [Q4 2023] → 12.67% (-0.8%) [Q1 2024]

40% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 15

51% less capital invested

Capital invested by funds: $33.6M [Q4 2023] → $16.6M (-$17M) [Q1 2024]

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Research analyst outlook

We haven’t received any recent analyst ratings for EP.

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Financial journalist opinion

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.

Empire Petroleum Provides Encouraging North Dakota Drilling Program Update and Reports Q1 2024 Results

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 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 April 10, 2024. The Company received subscriptions for more than 100% of the shar.

Empire Petroleum Announces Full Subscription of Rights Offering

Empire Petroleum Announces Modification of Terms 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 modified the terms of its previously announced subscription rights offering (“Rights Offering”). The Company has distributed at no charge to holders of its common stock, par value $0.001 per share (“Common Stock”), as of the close of business on Mar.

Empire Petroleum Announces Modification of Terms of Previously Announced Rights Offering

Empire Petroleum to Participate in the 36th Annual ROTH Conference

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 announced that the Company is scheduled to participate in the 36th Annual ROTH Conference to be held at the Ritz Carlton Laguna Nigel in Dana Point, California, on March 17-19, 2024. Michael Morrisett, President & Chief Executive Officer of Empire, will host one-on-one meetings with inves.

Empire Petroleum to Participate in the 36th Annual ROTH Conference

EMPIRE PETROLEUM ANNOUNCES COMMENCEMENT OF PREVIOUSLY ANNOUNCED RIGHTS OFFERING

TULSA, Okla., March 7, 2024 – 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 $25.0 million.

EMPIRE PETROLEUM ANNOUNCES COMMENCEMENT OF PREVIOUSLY ANNOUNCED RIGHTS OFFERING

Empire Petroleum Announces Commencement of Previously Announced Rights Offering

TULSA, Okla., March 07, 2024 (GLOBE NEWSWIRE) -- 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 $25.0 million.

Empire Petroleum Announces Commencement of Previously Announced Rights Offering

Empire Petroleum Issues Correction for Previously Announced 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 a correction to its prior announcement regarding its subscription rights offering (“Rights Offering”) with a record date of the close of business on March 7, 2024 (the “Record Date”) pursuant to which it intends to raise gross proceeds of up to approximately $2.

Empire Petroleum Issues Correction for Previously Announced Proposed Rights Offering

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 March 7, 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 $25 million. T.

Empire Petroleum Announces Record Date for Proposed Rights Offering

Empire Petroleum Announces Operational Update and Preliminary Financial Results for Fourth Quarter 2023

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 program to further develop its Starbuck Field located in North Dakota (the “Starbuck Drilling Program”). In addition, the Company announced preliminary operational and financial results for Q4 2023. Empire expects 2024 to be a year of progress as it continues to adv.

Empire Petroleum Announces Operational Update and Preliminary Financial Results for Fourth Quarter 2023

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