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Empire Petroleum's stock surged 7.05% on strong Q4 results, fueled by a 22% jump in oil production.
Empire Petroleum Corporation's stock rose 7.05% from April 3 to April 10, 2025, following strong Q4 2024 results.
The company reported a 22% increase in net production volumes to 1,581 barrels of oil per day and year-end proved reserves of 9.2 million barrels of oil equivalent.
The growth is largely due to successful Enhanced Oil Recovery efforts in North Dakota, boosting Starbuck production by over 700%.
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El stock de Empire Petroleum aumentó un 7,05% con los fuertes resultados del Q4, impulsados por un aumento del 22% en la producción de petróleo.