Welcome to our dedicated page for Empire Petroleum news (Ticker: EP), a resource for investors and traders seeking the latest updates and insights on Empire Petroleum stock.
Empire Petroleum Corporation (NYSE American: EP) is a Tulsa-based oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana. This news page aggregates press releases and third-party coverage related to Empire’s operations, financial performance, capital structure, and regulatory developments.
Readers following EP news can expect regular updates on quarterly and interim results, including reported production volumes, product revenue, net income or loss metrics, and operating cost trends as disclosed in the company’s press releases and Form 8-K filings. Empire frequently reports on activity in its core areas, such as enhanced oil recovery efforts in North Dakota’s Williston Basin, CO₂ EOR initiatives and regulatory outcomes in New Mexico’s Eunice Monument South Unit, and development preparations in the East Texas Basin.
News items also cover financing and capital initiatives, including amendments to the company’s revolving credit facility with Equity Bank, subscription rights offerings to existing stockholders, and shareholder-linked financing such as convertible promissory notes and warrants. These announcements provide insight into how Empire funds its drilling programs, EOR projects, and working capital needs.
In addition, Empire issues updates on regulatory and legal milestones, such as decisions by the New Mexico Oil Conservation Commission related to the Residual Oil Zone and saltwater disposal wells, which the company views as important to the long-term value and cost structure of its New Mexico assets.
Investors, analysts, and interested observers can use this news feed to monitor Empire’s operational momentum, changes in its capital structure, and management’s commentary on commodity markets and development plans. For a fuller picture, readers often review these news items alongside the company’s SEC filings and official financial statements.
Empire Petroleum (NYSE American: EP) announced its rights offering was fully subscribed, generating approximately $10.0 million in gross proceeds at a subscription price of $2.99 per whole share. The subscription period expired March 18, 2026 at 5:00 p.m. ET.
The company received subscriptions for more than 100% of available securities, so basic subscription privileges will be honored and remaining shares will be allocated pro‑rata among oversubscribing stockholders after eliminating fractional shares. The offering size was increased from $6.0 million to $10.0 million via a February 25, 2026 supplement.
Empire Petroleum (NYSE American: EP) will participate in a three-well oil and natural gas development program in Louisiana, taking a 25% working interest in the initial well funded by issuance of ~700,000 shares of common stock.
The operator's logs and core confirmed liquid and gas hydrocarbons, high reservoir pressure (flare while holding over 9,100 psi), and several productive sand zones. Completion operations begin in April 2026, with initial production testing to follow; two additional prospect locations exist in the same trend.
Empire Petroleum (NYSE:EP) reported full year 2025 production of 2,242 Boe/d (1,437 Bbl/d oil) and total product revenue of $34.2 million. The company posted a $72.1 million net loss for 2025 and Adjusted EBITDA of ($5.4) million, driven by lower realized prices and a $51.3 million impairment.
Operationally, Empire expanded Texas compression capacity, advanced a 3-phase Texas gas program (12–30 wells planned in 2026), extended its $20.0 million revolver to Dec 29, 2028, and launched a Rights Offering sized up to $10.0 million.
Empire Petroleum (NYSE: EP) modified its previously announced subscription rights offering: each distributed subscription right now purchases 0.095 shares at a subscription price of $2.99 per one whole share, for gross proceeds of up to approximately $10.0 million.
The Rights Offering expires at 5:00 p.m. ET on March 18, 2026, is non-transferable, allows over-subscriptions subject to proration, and the company’s largest shareholder has indicated intent to fully subscribe and fully exercise over-subscription rights.
Empire Petroleum (NYSE: EP) has commenced a previously announced subscription rights offering to raise up to approximately $6.0 million. Each recorded shareholder on Feb 2, 2026 receives one non-transferable subscription right per share to buy 0.057 shares at a $2.99 subscription price per one whole share.
The offering expires at 5:00 p.m. ET on Feb 27, 2026, subject to extension or early termination. Energy Evolution Master Fund and the chairman indicated intent to participate and fully exercise over-subscription rights.
Empire Petroleum (NYSE:EP) set Feb 2, 2026 as the record date for a subscription rights offering to raise gross proceeds of up to approximately $6.0 million. Shareholders of record will receive one non-transferable subscription right per share, each allowing purchase of 0.057 shares at a subscription price of $2.99 per whole share. If fully subscribed, the offering would issue ~2.0 million shares. The offering is expected to expire at 5:00 p.m. ET on Feb 27, 2026, with over-subscription and proration options available. The company may amend or terminate the Rights Offering; funds will be returned without interest if terminated.
Empire Petroleum (NYSE American: EP) entered a third amendment to its Revolver Loan Agreement with Equity Bank (NYSE: EQBK) to extend the maturity of its revolving credit facility. The amendment maintains the $20.0 million maximum principal and pushes the maturity date from December 29, 2026 to December 29, 2028. Management said the extension provides additional flexibility to support strategic growth initiatives and reflects Equity Bank's continued confidence in Empire's business strategy.
Summary not available.
Empire Petroleum (NYSE American: EP), an oil and gas company operating in multiple states, has successfully completed its Rights Offering with full subscription. The offering generated $2.5 million in gross proceeds before expenses, with potential for an additional $2.5 million from future warrant exercises.
Each unit was priced at $0.07367, comprising 0.0139 shares at $5.30 per share and a warrant for 0.0136 shares at $5.46 per share. The warrants expire on November 18, 2025. Chairman Phil E. Mulacek participated fully in both basic subscription and over-subscription rights. Due to oversubscription, remaining shares and warrants will be allocated pro-rata among oversubscribing stockholders.
Empire Petroleum (NYSE American: EP), an oil and gas company operating in multiple states, has announced an extension of its previously announced rights offering until August 20, 2025. The company aims to raise up to $5.0 million in gross proceeds, including $2.5 million from warrant exercises.
The rights offering allows stockholders of record as of July 10, 2025, to receive one subscription right per share held. Each right enables the purchase of one unit at $0.07367, consisting of 0.0139 shares and one warrant exercisable for 0.0136 shares at $5.46 per share. Chairman Phil E. Mulacek has indicated his intention to fully participate in the offering and exercise his over-subscription rights.