Shareholder offering made by Empire Petroleum Empire Petroleum Corporation, an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced that it has modified the terms of its previously announced subscription rights offering. The update affects shareholders of the Company’s common stock, par value $0.001 per share, …
Oil Prices Fall 1% on Iran Nuclear Talk Signals After Iran’s deputy foreign minister said on Tuesday that Tehran was ready to take any necessary steps to reach a deal with the U.S., it resulted in a 1% drop in crude oil prices. Iran, facing a U.S. military strike as threatened by President Trump, said …
Empire Petroleum Extends Revolving Credit Facility to 2028 Credit Facility Extension Supports Long-Term Strategy Tulsa-based Empire Petroleum Corporation has secured additional financial runway after executing a third amendment to its revolving credit facility with Equity Bank, extending the maturity date by two years. According to the company’s announcement and a filing with the U.S. Securities …
Crude Oil Prices Show Mixed Movement Crude oil prices were weak on Friday as U.S. prices fell slightly while overseas oil prices finished up about 25 cents a barrel. It was also a poor day for Oklahoma energy stocks. The Associated Press reported that prices continue fluctuating within a tight trading range due to shifting …
Crude oil prices rose more than $1 a barrel or 1% in Tuesday’s trading as investors and traders considered the impact of U.S. sanctions on Russian oil flows. Additionally, President Trump’s announcement that his administration has begun interviewing for the next Federal Reserve chair added another layer of market movement. Crude Oil Prices Rise on …
Empire Petroleum Reports Q3 Results and Operational Updates Q3 Financial Performance Empire Petroleum unveiled its third quarter earnings report this week indicating it is moving forward with increased operations in New Mexico and the Permian Basin. It reported Q3-2025 total product revenue of $9.4 million, a net loss of $3.8 million, or ($0.11) per diluted …
Ukrainian Strike Halts Exports from Major Russian Port Crude oil prices rose sharply Friday after another Ukrainian drone attack struck a Russian oil depot, forcing the port of Novorossiisk to halt exports. The assault caused significant infrastructure damage and renewed global concerns over supply disruption. The attack damaged both a ship and the oil depot …
Oil Prices close higher after early weakness After dropping earlier in the day, crude Oil Prices closed up on Monday and at the same time, Oklahoma Energy stocks had a strong day in trading. However, intraday reversals remain common inside high-volatility macro environments. Traders say upside recovery strength shows that crude markets remain extremely reactive …
Oil Prices Strengthen After EIA Reports Big Inventory Decline Oil prices rose on Wednesday after data revealed that U.S. crude and fuel inventories fell more than expected last week. The surprising drawdown came as President Donald Trump’s positive outlook on upcoming U.S.–China trade talks helped ease economic concerns. Brent crude futures climbed 52 cents, or …
Empire Petroleum Secures $4 Million Financing Deal Empire Petroleum Corporation has entered into a new $4 million promissory note agreement with investor Phil E. Mulacek, according to the company’s latest SEC filing. The financing is aimed at supporting the company’s oil and gas drilling program and boosting working capital. Details of the Promissory Note from …
