News

Acquires Permian Basin upstream assets in the Eunice Monument Field Addition of 48,000 held-by-production acres; production of ~1,100 BOEPD Empire Petroleum Corporation (“Empire”) (OTCQB:EMPR) announced today that it has acquired producing oil and gas assets and related gathering assets located in Lea County, New Mexico through its wholly owned subsidiary, Empire New Mexico LLC (“Empire New Mexico”). The assets were…

Petroleum Independent and Exploration Corporation to jointly develop the Ft. Trinidad Field with Empire Texas LLC Contract Operator, PIE, has identified the first of many workover/recompletion programs to potentially uplift field production Technical Services Agreement integrates geology, geoscience, land, engineering, production, and well supervision Securities Purchase Agreement for PIE to have the opportunity to own up to 40% of Empire…

Acquires Pardus Oil & Gas LLC upstream assets in East Texas along with Pardus’ partnership interest in operating subsidiary Addition of ~30,397 held by production acreage; production of ~400 BOEPD Acquires Pardus Oil & Gas Operating, LP’s midstream assets April 16, 2020 04:10 PM Eastern Daylight Time TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (“Empire”) (OTCQB:EMPR) announced today that it has acquired…

Completes EnergyQuest II AcquisitionCredit Facility Increased with CrossFirst BankTULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (“Empire”) (OTCQB:EMPR) announced today that it has acquired producing oil and gas assets located in Billings, Bottineau, Bowman, Burke, McHenry, McKenzie, Mountrail, Renville, Stark & Williams counties in North Dakota and Richland & Sheridan counties in Montana through its wholly owned subsidiary, Empire North Dakota LLC. The…

Completes Exodus AcquisitionCompletes Cardinal AcquisitionCredit Facility Established with CrossFirst BankTULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (“Empire”) (OTCQB: EMPR) announced today that it has acquired operated producing oil and gas assets located in St. Landry and Beauregard Parishes in Louisiana through its wholly owned subsidiary, Empire Louisiana, LLC (the “Company”). The assets were acquired from Cardinal Exploration and Production Company and Exodus…

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (“Empire Petroleum”, “Empire” or the “Company”) (OTCQB: EMPR) today announced in a year-end update to shareholders that it has recently named long-time leading energy investment banker Thomas (Tommy) Pritchard as Chief Executive Officer. In addition, the Company announced that on December 23 it entered into a Letter of Intent (“LOI”) to acquire oil and gas…

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (OTCQB: EMPR) (“Company”) announced today that the board of directors has retained Pritchard Griffin Advisors (“PGA”) to advise the company on its previously announced potential NW Louisiana transaction and on other prospective mergers, joint ventures and acquisitions for the Company.Mike Morrisett, President of Empire Petroleum Corporation, commented, “We are very pleased to have PGA engaged…

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (OTCQB: EMPR) announced today that it has entered into a term sheet to acquire producing oil and gas assets located in North Louisiana. Empire anticipates signing a Purchase and Sale Agreement with the counterparty within the next few weeks that will provide for a closing that could occur early in the fourth quarter.The oil and…

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (OTCQB: EMPR) (“Empire” or the “Company”) is pleased to announce that the Company has been approved to upgrade its common shares from the Pink® Open Market to the OTCQB® Venture Market under the trading symbol “EMPR”, effective January 30, 2017.President Mike Morrisett commented, “Upgrading to the OTCQB is a positive step forward for the Company.…

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (“Empire”) (OTC Pink: EMPR) announced today that it has entered into an agreement (“Contribution Agreement”) with Masterson West, LLC concerning a newly-formed entity, Masterson West II, LLC (“MWII”). According to the Contribution Agreement signed December 22, 2016, Empire contributed 40,000,000 shares of its common stock to MWII and, at the final closing, Masterson West has…

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma-based company, announced that Kevin R. Seth has been elected to serve on its Board of Directors. Mr. Seth is a partner of Edgewood Management LLC in New York. He brings to Empire extensive knowledge and experience in finance having worked with Credit Suisse First Boston in London, New York and…

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma based company, announced that it is suspending operations on its Empire Paradise Unit 2-12 well drilled recently in Nye County, Nevada. The Company has been testing the 2-12 well after perforating the well between 3,700 feet and 3,782 feet where oil shows were concentrated. During the swab testing the Company…

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma, based company, announced that it is planning to set production casing and within two or three weeks will attempt to complete its exploratory test well located in Nye County, Nevada. The Company reported on August 17th that it had recovered a small amount of oil from the Empire Paradise Unit…

TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (OTCBB: EMPR), a Tulsa, Oklahoma based company, announced that it has tested oil from its Empire Paradise Unit 2-12 well in Nye County, Nevada. The Company said that, although only a small amount of 30° gravity oil was recovered, it believes it is significant in that it establishes there is recoverable oil in the Cobble…