Why These Energy Stocks Are Gaining This Week

6. Empire Petroleum Corporation (NYSE:EP)

Share Price Gains Between Apr. 3 – Apr. 10: 7.05%

Empire Petroleum Corporation (NYSE:EP) is a conventional oil and natural gas producer with a main focus in the US onshore.

Empire Petroleum Corporation (NYSE:EP) recently announced its Q4 2024 results, reporting net production volumes of 1,581 barrels of oil per day, up 22% from the same period in 2023. The company’s year-end 2024 proved reserves were approximately 9.2 million barrels of oil equivalent with a standardized measure of $98.4 million. Key developments for the company included successful Enhanced Oil Recovery initiatives in North Dakota, with initial results showing more than 700% increase in Starbuck production.