Contact
539.444.8002
info@empirepetrocorp.com

Corporate Headquarters
2200 S. Utica Place, Suite 150
Tulsa, OK 74114

Corporate Office
25025 I-45, Suite 400
The Woodlands, TX 77380

© Copyright 2024 Empire Petroleum Corp.

About Empire Petroleum Corporation

Empire Petroleum Corporation has assembled a core team of professionals with experience in identifying value, improving production, maintaining leases and driving efficiencies while minimizing costs designed to maximize shareholder value. Structured as a proved developed producing (PDP) focused company, Empire works to mitigate the steep decline curves and geologic risks associated with exploration and new well development. Naturally, scale benefits this business strategy and Empire’s management is focused on economically adding working interest through opportunistic acquisitions in our areas.

OUR HISTORY

Empire Petroleum was initially incorporated in 1983, and later domesticated in Delaware.. Empire’s recent history began with the acquisition of assets in central Louisiana mid-year 2018 followed over the next several years by additional acquisitions.

Strategy

Empire Petroleum Corporation is an oil and gas production company focused on optimizing developed production by employing field management methods to maximize reserve recovery, with limited and highly selective drilling activity.

Maximize Production; Minimize Costs

  • Cost-effectively optimize well production
  • Deploy rigorous field management programs
  • Reduce unit operating costs and improve margins

Execute Low-Risk, Low-Cost Drilling

  • Focus on conventional formations
  • Strict control of drilling and completion costs
  • Increase drilling activity in high-price environments

Create Shareholder Value

  • Reduce unit operating costs
  • Improve margins
  • Generate strong free cash flows
  • Increase production and extend well life

Target PDP Acquisitions

  • Target predictable, low-decline production with long-life
  • Target acquisitions at 2-4x cash flows
  • Focus on high quality assets that add scale and provide synergies to existing portfolio

Board of Directors

Phil Mulacek

 

Phil Mulacek has a proven track record of over 35 years in global oil and gas and LNG development. He was the founder and former Chairman and CEO of an NYSE-listed InterOil company and retired in 2013. Under his 14-year tenure, the company’s market cap increased from US$10 million to over US$5.6 billion, with the share price improving from US$0.50 cents to over US$109 per share. Mr. Mulacek led the discovery of 1.6 billion barrels of oil equivalent in Papua New Guinea.

Mr. Mulacek has a Bachelor of Science in Petroleum Engineering from Texas Tech University. Mr. Mulacek formed his private investment company, Petroleum Independent and Exploration Corporation (PIE Corp), in 1981.

Mason Matschke

 

Mr. Matschke has 35 years of experience focused on portfolio management and research across multiple sectors. Mason served as a Senior Vice President of Investments at Raymond James from 2007 through 2020. Mason has a deep background as a derivatives strategist and in commodity and equity trading, and during the past several years has conducted thematic research focused on renewables, battery storage, wind, solar as well as traditional oil and gas companies. Prior to Raymond James, Mr. Matschke served as a Senior Vice President with Jefferies and with UBS.

Andrew Lewis
 

Andy Lewis served over 36 years in the navy after graduating from the U.S. Naval Academy in 1985 with a Bachelor of Science in Physical Science. He also holds a Master of Arts in Military History from the University of Alabama.

His last assignment was as the Second Fleet and NATO Joint Force Command Norfolk Commander. He retired as a 3-star (Vice Admiral) in 2021. He was a career naval aviator and a commander seven times over the course of his career, accumulated 5300 flight hours, 1100 shipboard landings, 100 combat missions; and thirteen deployments, eleven in aircraft carriers.

He brings a wealth of operational, leadership, and team building experience to the private sector. Additionally, he has a proven track record leading high tempo inherently dangerous evolutions safely and precisely. He is a master of operational risk management.

Since retirement, Vice Admiral Lewis (retired) has continued to serve in the military as a senior mentor, as a board advisor to private profit and non-profit organizations, and sparingly as a public speaker.

He joined Empire’s Board as a Director in 2022.

Ben Marchive II

 

Ben Marchive II joined Cox Operating, LLC as Vice President-Land & Business Development after their merger with Energy XXI where he held a similar position. Mr. Marchive has over seventeen years of industry experience, the majority of which has been in the Gulf of Mexico and along the Gulf Coast. Mr. Marchive began his career at Apache Corporation in 2003 as a Landman working South Louisiana and Texas. Ben is active in several industry organizations, namely as a Board Member on the Outer Continental Shelf Advisory Board and the Louisiana Oil and Gas Board. Mr. Marchive graduated from the University of Louisiana – Lafayette with a Bachelor’s degree in Petroleum Land and Resource Management.

Michael Morrisett

 

Mr. Morrisett has served as a director of the Company and as the Company’s President and Principal Financial Officer since January 19, 2015.  Mr. Morrisett has over 25 years of experience in investment banking and considerable experience in the management of non-operated oil and gas operations. From November 2012 to January, 2018 Mr. Morrisett served Total Energy Partners Funds, an investment fund engaged in the ownership of non-operated oil and gas working interests, in several capacities, including as a partner. Prior to 2013, Mr. Morrisett served in various executive capacities at other investment banking firms and oil and gas concerns.

Kevin Vann
 

Mr. Vann joined WPX in 2012 as Vice President, Controller and Chief Accounting Officer and was promoted to Executive Vice President and Chief Financial Officer (“EVP & CFO”) in 2014. During his tenure as EVP & CFO, he played a leading role in helping transform WPX through in excess of $8 billion in transactions over a three-year period that resulted in an organization with more than $2 billion in annual revenue, approximately 600 employees and a market capitalization in excess of $5 billion when the company merged with Devon in January 2021. Prior to his tenure at WPX Energy, Mr. Vann had multiple roles of increasing responsibility at The Williams Companies from 1998 to 2011. He began his career in 1993 with Arthur Anderson & Co., where he oversaw public and private client audits in the oil and gas exploration and services, pipeline, and banking industries. Mr. Vann graduated from Oklahoma State University and is an active supporter of the Tulsa community, including previously serving as a Board Member for APCO Argentina, Tulsa Area United Way, Harold Hamm Diabetes Center, and Youth Services of Tulsa. Mr. Vann is also a member of the Cherokee Nation.

Management

Michael Morrisett

 

Mr. Morrisett has served as a director of the Company and as the Company’s President and Principal Financial Officer since January 19, 2015. Mr. Morrisett has over 25 years of experience in investment banking and considerable experience in the management of non-operated oil and gas operations. From November 2012 to January, 2018 Mr. Morrisett served Total Energy Partners Funds, an investment fund engaged in the ownership of non-operated oil and gas working interests, in several capacities, including as a partner. Prior to 2013, Mr. Morrisett served in various executive capacities at other investment banking firms and oil and gas concerns.

Larry Faulkner

 

Mr. Faulkner has served as Chief Accounting Officer since December 2022 and Chief Financial Officer since May 2023. Prior to joining Empire, Mr. Faulkner was the Chief Financial Officer of the Lobeck Taylor Family Foundation since February 2022. From November 2014 to March 2021, Mr. Faulkner served as Vice President, Controller and Chief Accounting Officer of WPX Energy Inc., a publicly traded oil and gas exploration and production company with approximately $10 billion in assets prior to its merger with Devon Energy Corporation in 2021. He served as Accounting Director of WPX from January 2012 to November 2014. From September 2008 to December 2011, he was an accounting director within the E&P Business Unit, of The Williams Companies, Inc., which ultimately became WPX Energy Inc. after a spinoff from Williams. Mr. Faulkner also worked for Williams from April 1999 to May 2004 in several roles including as manager of financial reporting. Mr. Faulkner served as an accounting director at Vanguard Car Rental (National and Alamo) from May 2004 to May 2008. Mr. Faulkner began his career with Ernst & Young LLP in Tulsa. Mr. Faulkner has a bachelor’s degree in accounting from Oklahoma State University and is a member of the American Institute of Certified Public Accountants and the Oklahoma Society of Certified Public Accountants. He also serves on the Oklahoma State University School of Accounting Advisory Board and serves on the board of the Foundation for Tulsa Schools.

William West
William West

 

Mr. West joined Empire in 2023 and serves as Senior Vice Presidnet of Operations. Prior to joining Empire, Mr. West was Production Manager for Treadstone, I, II and III, and led the development of the Fort Trinidad field from 300 BOPD to 10,000 BOPD. Mr. West holds a bachelor’s degree in petroleum engineering from Marietta College. He also hold a Professional Engineer license from the Wyoming State Board.