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Stock impact report

Empire Petroleum (EP) To Participate in Louisiana Oil and Gas Development Program [Yahoo! Finance]

Empire Petroleum Corporation (EP) 
Company Research Source: Yahoo! Finance
Empire Petroleum (EP) To Participate in Louisiana Oil and Gas Development Program Empire Petroleum Corporation (NYSE:EP) is a conventional oil and natural gas producer with a main focus in the US onshore. Empire Petroleum Corporation (NYSE:EP) announced on March 18 that it had elected to participate in a new oil and natural gas development program in Louisiana, indicating a meaningful addition to the company's ongoing development activities. While the three-well program targets hydrocarbon-bearing formations, the actual oil-to-gas mix will be confirmed through ongoing development. Empire's working interest in the initial well will be 25%, with the company funding its portion of drilling and completion costs through the issuance of approximately 700,000 shares of its common stock. Based on initial subsurface data, the well demonstrated a strong hydrocarbon flare while holding over 9,100 psi of back pressure with 16.5+ lb/gal drilling mud. The completion operations on the initi Show less Read more
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