secwatch.observer — SEC 8-K summary
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Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001072613-24-000643
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Empire Petroleum Q2 production up 24% YoY to 2,638 Boe/d; net loss $4.4M
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- Q2 product revenue $12.8M (+31% YoY); net loss $4.4M ($0.15/sh).
- Adjusted net loss $2.9M ($0.10/sh); adjusted EBITDA $1.7M vs $0.2M in Q2-2023.
- North Dakota drilling costs cut ~50% to $2.4M/well; EOR infrastructure by Q3-2024.
- Production expected to ramp in H2 2024 with 4 new wells and EOR injection start.
- Company plans pilot drilling program in New Mexico Permian in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261324000643/0001072613-24-000643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261324000643/emp_8k-18866.htm
  HTML page:      https://secwatch.observer/filing/0001072613-24-000643

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer