Empire Petroleum Corporation
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $136.0M
- Price
- $3.27
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.83%
- Volume
- 30.7K
About
Empire Petroleum Corporation, an entity established in 1983, primarily focuses on discovering and extracting petroleum and natural gas reserves across several U.S. states, including Louisiana, New Mexico, North Dakota, Montana, and Texas. Headquartered in Tulsa, Oklahoma, the company began its operations under the name Americomm Resources Corporation before rebranding to Empire Petroleum Corporation in August 2001.
Quick stats
Shares outstanding41.6M
Computed float14.0M
Float / shares33.6%
Key info
SectorEnergy
IndustryOil & Gas Exploration & Production
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000887396
AI Summary
AI-generated1/10
standardbullishoperations update
Empire Petroleum Marks Strategic Milestone With Successful 21,006-Foot Well in the Western Haynesville in Texas to Accelerate Revenue Development
Empire Petroleum successfully re-entered and deepened the Wakefield-Harrison GU B #1 well to a measured depth of 21,006 feet, marking the deepest modern evaluation in the Western Haynesville by a microcap company.
The project was completed for approximately $4.4 million, significantly lower than the $30 million to $45 million peers spend on new wells, with hydrocarbon shows recorded and modern logs recovered at temperatures up to 434 degrees Fahrenheit.
Management views this milestone as transformational, providing the subsurface data needed to accelerate revenue development across 11,000 feet of previously untested section in the Intermediate and Deep Production Zones.
Red flags
- Well has not been completed or production tested; no flow rate or reserve estimate is being reported
- Hydrocarbon shows are not a measurement of producible reserves and are not indicative of commercial flow rates