Empire Petroleum said it elected to participate in a three-well oil and natural gas development program in Louisiana, targeting proven formations in Calcasieu Parish. The company will hold a 25% working interest in the initial well, with its share of drilling and completion costs funded through the issuance of about 700,000 common shares. The operator drilled, cored, and logged the initial test location in the East Perkins Field and provided subsurface data supporting a completion decision. Completion operations are expected to begin in April 2026, followed by initial production testing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Empire Petroleum Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260318436809) on March 18, 2026, and is solely responsible for the information contained therein.
Comments