Empire Petroleum Corporation

Empire Petroleum Corporation is a leading conventional oil and natural gas producer with a primary focus on onshore operations in the United States. Founded in 1983, the company operates in the Permian Basin, Bakken region, and central Gulf Coast region in New Mexico, North Dakota, Montana, Louisiana, and Texas. Leveraging operational efficiencies, Empire emphasizes economical well rehabilitation, stimulation, and field maintenance to generate low-risk cash flows, ensuring stability and growth for shareholders.

With a diverse portfolio of operated and non-operated wells, Empire has a strong presence in key counties and parishes across the US, including 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. Furthermore, Empire holds leases in prolific acreage, encompassing approximately 48,000 acres in the Permian Central Basin Platform, 20,000 acres in the ND/MT Williston Basin, and around 30,000 acres in the East Texas basin, including Woodbine, Eagle Ford, and Buda-Rose plays.

The company's commitment to stability is further evidenced by its multi-year hedging program, which allows it to lock in pricing for greater predictability. In its most recent funding round, Empire secured a significant $25.00 million Post-IPO Equity investment from the Energy Evolution Fund and Phil E. Mulacek on 07 March 2024, demonstrating continued confidence in the company's strategic direction and potential for sustained growth within the Energy and Oil and Gas industries.