Empire Petroleum Corp. has completed a 21,006-ft re-entry and subsurface evaluation of the Wakefield-Harrison GU B #1 well in Madison County, Texas, advancing its deep-gas development program in the emerging Western Haynesville play. The company re-entered the legacy well, originally drilled in 1959 and subsequently deepened twice, and drilled, underreamed and cleaned out the wellbore to 21,006 ft measured depth […]
Empire Petroleum Corporation announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank, increasing the total principal commitment to $20.0 million, up from an initial $10.0 million through December 29, 2026. Currently, Empire has approximately $8.4 million borrowed on the $20.0 million facility.