Empire Petroleum Announces Results for Fourth Quarter and Full Year 2023
Empire Petroleum Corporation (EP)
Company Research
Source: Business Wire
~ Starbuck Drilling Program in North Dakota Continuing to Provide Encouraging Results ~ 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 announced operational and financial results for the fourth quarter and full year of 2023, including year-end 2023 proved reserves.KEY Q4 AND FULL YEAR HIGHLIGHTSProduced fourth quarter 2023 net sales volumes of 2,011 barrels of oil equivalent per day (“Boe/d”) (64% oil, 16% natural gas liquids (“NGLs”) and 20% natural gas;Full year 2023 production was 2,099 Boe/d (64% oil, 18% NGLs, and 18% natural gas);Posted a net loss $4.8 million, or $0.20 per diluted share, for the fourth quarter 2023 and a net loss of $12.5 million, or $0.55 per diluted share, for full year 2023;Contributing to the results were higher expenses associated with an increase in LOE including workovers, DD&A, and G&A to incl
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- Empire Petroleum Announces Full Subscription of Rights Offering [Yahoo! Finance]Yahoo! Finance
- Empire Petroleum Announces Full Subscription of Rights OfferingBusiness Wire
- Empire Petroleum Announces Results for Fourth Quarter and Full Year 2023 [Yahoo! Finance]Yahoo! Finance
- Empire Petroleum Announces Modification of Terms of Previously Announced Rights OfferingBusiness Wire
- Empire Petroleum to Participate in the 36th Annual ROTH ConferenceBusiness Wire
EP
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form 4
- 4/29/24 - Form DEF
- EP's page on the SEC website