Empire Petroleum Corp (EP) company profile
Close on Nov 13, 2026Market cap $102.70MP/E –Yield –
About Empire Petroleum
Crude Petroleum & Natural Gas, SIC 1311
Empire Petroleum Corporation is an independent energy business that develops and manages oil and natural gas properties. The company focuses on extracting crude oil, natural gas, and natural gas liquids from proved producing fields. It conducts all operations through a single business segment. Empire sells its extracted petroleum and natural gas resources directly to commercial marketers and third-party buyers at lease sites, transporting products through regional gathering pipelines and truck carriers.
The enterprise manages oil and gas assets across four onshore areas in the United States: New Mexico, North Dakota and western Montana, East Texas, and Louisiana. Across these regions, the company maintains approximately 1,077 gross wells, along with associated gathering lines and saltwater disposal infrastructure. Empire is headquartered in Tulsa, Oklahoma, and operates regional field offices in New Mexico, North Dakota, and Texas.
Summary of the business section of Empire Petroleum's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Empire Petroleum Corp
- Founded
- 1985
- Headquarters
- Tulsa, OK
- Address
- 2200 S. Utica Place, Suite 150 74114
- Phone
- (539) 444-8002
- Website
- empirepetroleumcorp.com
- Employees
- 61, Dec 31, 2025
- Industry
- Crude Petroleum & Natural Gas
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- GRANT THORNTON LLP, Tulsa, Oklahoma
Stock & identifiers
- Ticker
- EP
- Exchange
- NYSE
- IPO date
- Oct 27, 1999
- Shares outstanding
- 42M, Aug 11, 2026
- Public float
- $76.89M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-4 reverse, Mar 8, 2022; 1-for-12 reverse, Aug 12, 2013
- SEC CIK
- 887396
- CUSIP
- 292034303
- ISIN
- US2920343033
- FIGI
- BBG000BBS3H7
- Share class FIGI
- BBG001S5QVS8
- LEI
- 549300FD73C8R4W6OY16
- EIN
- 73-1238709
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Michael R. Morrisett | President & CEO, Director | 2,042,102 |
| Matthew E. Watson | Chief Accounting Officer | 14,000 |
| Phil E. Mulacek | Director | 11,687,503 |
| Mason H. Matschke | Director | 825,206 |
| J. Kevin Vann | Director | 38,115 |
| Benjamin J. Marchive II | Director | 73,000 |
| Andrew Lloyd Lewis | Director | 53,220 |
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Other | Total | vs. prior year |
|---|---|---|---|---|---|
| Michael R. Morrisett President and Chief Executive Officer | $285.00K | $10.00K | $10.23K | $305.23K | -36% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“At December 31, 2025, we had 61 full-time employees, not including contract personnel and outsourced service providers.”
Corporate history
Events identified from SEC filings
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