Alva Review-Courier -

Empire Petroleum Corporation Announces a Joint Development Agreement with Petroleum Independent & Exploration LLC


August 12, 2020

TULSA, Okla.--(BUSINESS WIRE)--Aug 11, 2020--

Empire Petroleum Corporation ("Empire") (OTCQB:EMPR) announced today that it has completed an equity transaction and a field level debt issuance, fully funding a substantial workover/recompletion program at its recently-acquired properties in East Texas, specifically, the Fort Trinidad Field in Houston and Madison Counties. As a result of the investment, Empire Texas LLC has entered into a joint development agreement with The Woodlands, Texas-based Petroleum Independent & Exploration LLC and PIE Operating LLC and their affiliates (collectively,...

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