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Stock impact report

Empire Petroleum Announces Operational Update and Preliminary Financial Results for Fourth Quarter 2023

Empire Petroleum Corporation (EP) 
Company Research Source: Business Wire
Starbuck Drilling Program in North Dakota Providing Solid ResultsDriving Further Asset Development Efforts Across Remaining Attractive Portfolio, Including Near-Term Focus on New Mexico and Texas TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas and Louisiana, today provided an update on its program to further develop its Starbuck Field located in North Dakota (the “Starbuck Drilling Program”). In addition, the Company announced preliminary operational and financial results for Q4 2023. Empire expects 2024 to be a year of progress as it continues to advance the Starbuck Drilling Program and begins technical work for production uplift opportunities in New Mexico and Texas.ASSET DEVELOPMENT UPDATEThe Starbuck Drilling Program’s first well came online in December 2023 and a total of four wells in the Upper Charles Formation have been placed on product Show less Read more
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