Welcome to our dedicated page for Empire Petroleum news (Ticker: EP), a resource for investors and traders seeking the latest updates and insights on Empire Petroleum stock.
Empire Petroleum Corporation (EP) operates as a conventional oil and natural gas producer with assets across several major US onshore basins. The company's news coverage reflects the operational dynamics of a small independent producer managing mature assets in the Permian Basin, Bakken region, and Central Gulf Coast areas of New Mexico, North Dakota, Montana, Louisiana, and Texas.
News for Empire Petroleum typically covers quarterly and annual financial results, production updates, and operational initiatives related to well rehabilitation and field development. As a company focused on mature, low-decline assets, corporate announcements often address workover programs, stimulation activities, and efforts to optimize output from existing wells rather than exploration discoveries or new drilling campaigns.
The company's capital formation activities, including rights offerings and financing arrangements, generate periodic news as management balances growth initiatives with appropriate leverage for a small-cap energy producer. Updates on the company's multi-year hedging program and commodity price positioning may also appear in earnings releases and material event disclosures.
Empire Petroleum's interest in CO2 enhanced oil recovery development produces news related to tertiary recovery projects and regulatory proceedings associated with expanding this technique across its asset base. Investors tracking this stock will find coverage of how these initiatives progress alongside conventional production optimization efforts.
Bookmark this page to follow Empire Petroleum's operational progress, earnings announcements, and corporate developments as they become available through official company releases and SEC filings.
Empire Petroleum (NYSE American: EP) entered a third amendment to its Revolver Loan Agreement with Equity Bank (NYSE: EQBK) to extend the maturity of its revolving credit facility. The amendment maintains the $20.0 million maximum principal and pushes the maturity date from December 29, 2026 to December 29, 2028. Management said the extension provides additional flexibility to support strategic growth initiatives and reflects Equity Bank's continued confidence in Empire's business strategy.
Empire Petroleum (NYSE American: EP), an oil and gas company operating in multiple states, has successfully completed its Rights Offering with full subscription. The offering generated $2.5 million in gross proceeds before expenses, with potential for an additional $2.5 million from future warrant exercises.
Each unit was priced at $0.07367, comprising 0.0139 shares at $5.30 per share and a warrant for 0.0136 shares at $5.46 per share. The warrants expire on November 18, 2025. Chairman Phil E. Mulacek participated fully in both basic subscription and over-subscription rights. Due to oversubscription, remaining shares and warrants will be allocated pro-rata among oversubscribing stockholders.
Empire Petroleum (NYSE American: EP), an oil and gas company operating in multiple states, has announced an extension of its previously announced rights offering until August 20, 2025. The company aims to raise up to $5.0 million in gross proceeds, including $2.5 million from warrant exercises.
The rights offering allows stockholders of record as of July 10, 2025, to receive one subscription right per share held. Each right enables the purchase of one unit at $0.07367, consisting of 0.0139 shares and one warrant exercisable for 0.0136 shares at $5.46 per share. Chairman Phil E. Mulacek has indicated his intention to fully participate in the offering and exercise his over-subscription rights.
Empire Petroleum (NYSE American: EP) has secured a unanimous victory from the New Mexico Oil Conservation Commission (NMOCD) regarding its rights to the Residual Oil Zone (ROZ) in the Eunice Monument South Unit (EMSU). The Commission's ruling confirms Empire's exclusive rights to produce from the ROZ in the Grayburg and San Andres formations and approves a three-year CO₂ enhanced oil recovery (EOR) pilot project.
The Commission has denied multiple injection well applications from Goodnight Midstream Permian and suspended operations on four existing wells. Empire plans to pursue motions to revoke permits from other third-party saltwater disposal operators while advancing litigation for trespass and damages.
Empire Petroleum (NYSE American: EP) reported Q2 2025 results, with net production of 2,357 barrels of oil equivalent per day (Boe/d), a 15% increase from Q1 2025. The company posted total product revenue of $8.7 million and a net loss of $5.1 million ($0.15 per share), primarily due to lower commodity prices.
Key developments include progress in the Enhanced Oil Recovery program in North Dakota, preparation for drilling operations in Texas starting Q4 2025, and a Rights Offering to raise $5.0 million in gross proceeds. The company's production mix comprises 63% oil, 19% natural gas liquids, and 18% natural gas.
Despite operational improvements, financial performance was impacted by a 12% decrease in realized oil prices compared to Q1 2025 and a 23% decrease versus Q2 2024. The company maintained $2.3 million in cash and $4.0 million available on its credit facility as of June 30, 2025.
Empire Petroleum (NYSE American: EP) has announced key changes to its previously announced rights offering aimed at raising up to $5.0 million in gross proceeds. The company has extended the expiration date to August 18, 2025 and clarified the unit subscription price to $0.07367 per unit, adjusted from the previous $5.30.
Each subscription right allows holders to purchase units consisting of 0.0139 shares of common stock and one warrant exercisable for 0.0136 shares at $5.46 per whole share. Stockholders must hold at least 72 shares to purchase one whole share. Chairman Phil E. Mulacek has indicated his intention to fully participate in the offering and exercise his over-subscription rights.
Empire Petroleum (NYSE American: EP), an oil and gas company operating in multiple states, has announced an extension of its previously announced rights offering expiration date to July 30, 2025. The company aims to raise up to $5.0 million in gross proceeds, including $2.5 million from warrant exercises.
The rights offering allows stockholders of record as of July 10, 2025, to receive one subscription right per share held, with each right enabling the purchase of one unit at $5.30. Each unit consists of 0.0139 shares of common stock and one warrant exercisable for 0.0136 shares at $5.46 per share. Chairman Phil E. Mulacek has indicated his intention to fully participate in the offering and exercise his over-subscription rights.
Empire Petroleum (NYSE American: EP), an oil and gas company operating in multiple states, has initiated its previously announced rights offering to raise up to $5.0 million in gross proceeds. The offering includes up to $2.5 million from warrant exercises.
Shareholders as of July 10, 2025, will receive one subscription right per share held, allowing them to purchase units at $5.30 each. Each unit comprises 0.0139 shares of common stock and one warrant exercisable for 0.0136 shares at $5.46 per share. The rights offering expires on July 25, 2025. Chairman Phil E. Mulacek has indicated his intention to fully participate in the offering and exercise his over-subscription rights.
Empire Petroleum (NYSE American: EP), an oil and gas company operating in New Mexico, North Dakota, Montana, Texas, and Louisiana, has announced a rights offering to raise up to $5.0 million in gross proceeds, including $2.5 million from warrant exercises.
The company has set July 10, 2025 as the record date for the rights offering. Shareholders will receive one subscription right per common share owned, allowing them to purchase units at $5.30 each. Each unit consists of 0.0139 shares of common stock and one warrant to purchase 0.0136 additional shares. If fully subscribed, the offering will result in approximately 471,698 new common shares and potential for 457,875 additional shares through warrant exercise.
The rights offering is scheduled to expire on July 25, 2025 at 5:00 p.m. ET. Shareholders who fully exercise their rights will have over-subscription privileges, subject to proration.
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