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Empire Petroleum Corporation Announces Final Closing of the Operated New Mexico Oil and Gas Assets from ExxonMobil

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…

Empire Petroleum Corporation Announces a Joint Development Agreement with Petroleum Independent & Exploration LLC

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…

Empire Petroleum Corporation Announces Acquisition of Texas Oil and Gas Assets

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…

Empire Petroleum Corporation Announces Acquisition of Oil and Gas Assets and a $20 Million Credit Facility with CrossFirst Bank

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…

Empire Petroleum Corporation Announces Acquisition of Oil and Gas Assets and $5 Million Credit Facility with CrossFirst Bank

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…

Empire Petroleum Corporation Hires Chief Executive Officer and Enters into Letter of Intent for Acquisition of Oil and Gas Properties in NW Louisiana

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…

Empire Petroleum Corporation Hires Financial Advisor for Strategic Transactions

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…

Empire Petroleum Corporation Enters into Term Sheet for Acquisition of Oil and Gas Properties in NW Louisiana

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…

Empire Petroleum Corporation Upgraded to OTCQB® Venture Market

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.…

Empire Petroleum Enters into Agreement with Masterson West for Producing Red Cave Oil and Gas Properties

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…