$EP
EMPIRE PETROLEUM CORP Stock $ep

$ep Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000107261322000511 Filed on August 15, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue	$14.79M	$16.54M	$13.05M
YoY Change	46.52%	250.47%	521.67%
Cost Of Revenue	$9.618M	$6.642M	$6.092M
YoY Change	124.96%	143.14%	283.68%
Gross Profit	$5.174M	$9.899M	$6.954M
YoY Change	-11.1%	397.97%	1261.64%
Gross Profit Margin	34.98%	59.85%	53.3%
Selling, General & Admin	$2.850M	$3.282M	$2.455M
YoY Change	48.88%	1.94%	171.0%
% of Gross Profit	55.08%	33.16%	35.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$539.5K	$455.8K	$434.5K
YoY Change	-57.83%	-19.37%	140.64%
% of Gross Profit	10.43%	4.6%	6.25%
Operating Expenses	$13.35M	$10.72M	$3.220M
YoY Change	279.17%	57.89%	134.84%
Operating Profit	$1.442M	$5.824M	$3.734M
YoY Change	-37.28%	-381.65%	-534.01%
Interest Expense	-$125.3K	-$111.8K	-$110.7K
YoY Change	-96.68%	-95.96%	-19.13%
% of Operating Profit	-8.69%	-1.92%	-2.96%
Other Income/Expense, Net	-$125.3K	-$111.8K	-$110.6K
YoY Change	-522.13%	-95.96%
Pretax Income	$215.9K	$5.534M	$3.623M
YoY Change	-105.8%	-204.98%	-463.37%
Income Tax
% Of Pretax Income
Net Earnings	$215.9K	$5.534M	$3.623M
YoY Change	-105.8%	-204.98%	-463.37%
Net Earnings / Revenue	1.46%	33.46%	27.77%
Basic Earnings Per Share	$0.01	$0.27	$0.18
Diluted Earnings Per Share	$0.01	$0.24	$150.9K
COMMON SHARES
Basic Shares Outstanding	21.69M shares	20.42M shares	19.87M shares
Diluted Shares Outstanding	24.07M shares	23.29M shares	24.02M shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$15.73M	$12.44M	$5.354M
YoY Change	393.61%	1123.01%	36.76%
Cash & Equivalents	$15.73M	$12.44M	$5.354M
Short-Term Investments
Other Short-Term Assets	$1.073M	$730.6K	$620.0K
YoY Change	416.46%	280.84%	186.57%
Inventory	$1.605M	$1.193M	$975.7K
Prepaid Expenses	$724.5K	$539.5K
Receivables	$5.982M	$8.847M	$8.491M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$24.39M	$23.21M	$15.44M
YoY Change	107.71%	257.05%	148.28%
LONG-TERM ASSETS
Property, Plant & Equipment	$35.90M	$33.55M	$30.64M
YoY Change	21.5%	10.59%	275.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$5.951M	$7.338M	$6.742M
YoY Change	11.18%	46.57%	148.57%
Total Long-Term Assets	$41.85M	$40.88M	$37.38M
YoY Change	19.92%	11.74%	243.76%
TOTAL ASSETS
Total Short-Term Assets	$24.39M	$23.21M	$15.44M
Total Long-Term Assets	$41.85M	$40.88M	$37.38M
Total Assets	$66.24M	$64.09M	$52.82M
YoY Change	42.02%	48.74%	209.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.227M	$3.325M	$2.675M
YoY Change	-0.88%	40.69%	27.05%
Accrued Expenses	$7.325M	$7.534M	$6.466M
YoY Change	66.47%	95.28%	156.18%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$6.574M	$1.406M	$1.553M
YoY Change	424.63%	-7.88%	-81.51%
Total Short-Term Liabilities	$13.06M	$12.47M	$10.69M
YoY Change	31.7%	-36.61%	-19.39%
LONG-TERM LIABILITIES
Long-Term Debt	$6.574M	$6.806M	$6.620M
YoY Change	-30.66%	-19.39%	959.53%
Other Long-Term Liabilities	$22.34M	$21.97M	$21.57M
YoY Change	-5.01%	3.77%	33.54%
Total Long-Term Liabilities	$28.91M	$28.78M	$28.19M
YoY Change	-12.38%	-2.83%	68.03%
TOTAL LIABILITIES
Total Short-Term Liabilities	$13.06M	$12.47M	$10.69M
Total Long-Term Liabilities	$28.91M	$28.78M	$28.19M
Total Liabilities	$41.97M	$41.25M	$38.89M
YoY Change	-2.19%	-16.32%	29.43%
SHAREHOLDERS EQUITY
Retained Earnings	-$49.86M	-$50.08M
YoY Change
Common Stock	$81.55K	$81.11K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$24.27M	$22.84M	$13.93M
YoY Change
Total Liabilities & Shareholders Equity	$66.24M	$64.09M	$52.82M
YoY Change	42.02%	48.74%	209.02%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	$215.9K	$5.534M	$3.623M
YoY Change	-105.8%	-204.98%	-463.37%
Depreciation, Depletion And Amortization	$539.5K	$455.8K	$434.5K
YoY Change	-57.83%	-19.37%	140.64%
Cash From Operating Activities	$3.863M	$7.983M	$3.061M
YoY Change	22.96%	-523.47%	-588.84%
INVESTING ACTIVITIES
Capital Expenditures	-$465.2K	-$3.117M	-$433.7K
YoY Change	9.52%	-82.46%	138.32%
Acquisitions
YoY Change
Other Investing Activities	-$44.00K	-$208.4K	-$522.8K
YoY Change	-105.71%	-93.72%	-70.63%
Cash From Investing Activities	-$509.2K	-$3.325M	-$956.5K
YoY Change	-247.49%	-84.23%	-51.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net			$460.0K
YoY Change
Cash From Financing Activities	-56.56K	2.425M	-362.5K
YoY Change	-95.7%	-87.92%	-105.71%
NET CHANGE
Cash From Operating Activities	3.863M	7.983M	3.061M
Cash From Investing Activities	-509.2K	-3.325M	-956.5K
Cash From Financing Activities	-56.56K	2.425M	-362.5K
Net Change In Cash	3.297M	7.083M	1.742M
YoY Change	51.91%	-344.42%	-53.64%
FREE CASH FLOW
Cash From Operating Activities	$3.863M	$7.983M	$3.061M
Capital Expenditures	-$465.2K	-$3.117M	-$433.7K
Free Cash Flow	$4.328M	$11.10M	$3.494M
YoY Change	21.36%	-30.13%	-886.77%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	8846989	usd
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7733905	usd
CY2022Q2	EP	Unrealized Gain On Oil And Natural Gas Derivatives Current UnrealizedGainOnOilAndNaturalGasDerivativesCurrent	191072	usd
CY2021Q4	EP	Unrealized Gain On Oil And Natural Gas Derivatives Current UnrealizedGainOnOilAndNaturalGasDerivativesCurrent	55242	usd
	dei	Entity Central Index Key EntityCentralIndexKey	0000887396
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	EP	Settlement Of Asset Retirement Obligations SettlementOfAssetRetirementObligations		usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts		usd
	EP	Payments Of Stock Issuance Costs1 PaymentsOfStockIssuanceCosts1		usd
	EP	Loss On Embedded Conversion Option Senior Secured Convertible Note LossOnEmbeddedConversionOptionSeniorSecuredConvertibleNote		usd
	EP	Amortization Of Discount On Convertible Notes AmortizationOfDiscountOnConvertibleNotes		usd
	EP	Forgiveness Of Payroll Protection Plan Loan ForgivenessOfPayrollProtectionPlanLoan		usd
	EP	Additions To Oil And Natural Gas Properties AdditionsToOilAndNaturalGasProperties		usd
	EP	Cash Paid For Right Of Use Assets CashPaidForRightOfUseAssets		usd
	us-gaap	Transfer Of Investments TransferOfInvestments		usd
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt		usd
	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants		usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises		usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability		usd
	us-gaap	Other Significant Noncash Transaction Value Of Consideration Given1 OtherSignificantNoncashTransactionValueOfConsiderationGiven1		usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet		usd
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1		usd
	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits		usd
	us-gaap	Debt Instrument Decrease Forgiveness DebtInstrumentDecreaseForgiveness		usd
	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P3Y7M6D
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Registrant Name EntityRegistrantName	EMPIRE PETROLEUM CORPORATION
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity File Number EntityFileNumber	001-16653
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	73-1238709
	dei	Entity Address Address Line1 EntityAddressAddressLine1	2200 S. Utica Place
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 150
	dei	Entity Address City Or Town EntityAddressCityOrTown	Tulsa
	dei	Entity Address State Or Province EntityAddressStateOrProvince	OK
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	74114
	dei	City Area Code CityAreaCode	539
	dei	Local Phone Number LocalPhoneNumber	444-8002
	dei	Security12b Title Security12bTitle	Common Stock $.001 par value
	dei	Trading Symbol TradingSymbol	EP
	dei	Security Exchange Name SecurityExchangeName	NYSEAMER
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2021Q4	us-gaap	Assets Current AssetsCurrent	13118020	usd
CY2022Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	21685047	shares
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12436535	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3611871	usd
CY2022Q2	us-gaap	Inventory Net InventoryNet	1192589	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	1037880	usd
CY2022Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	539526	usd
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	679122	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	23206711	usd
CY2022Q2	us-gaap	Other Oil And Gas Property Successful Effort Method OtherOilAndGasPropertySuccessfulEffortMethod	50426477	usd
CY2021Q4	us-gaap	Other Oil And Gas Property Successful Effort Method OtherOilAndGasPropertySuccessfulEffortMethod	46914326	usd
CY2022Q2	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	18202939	usd
CY2021Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	17525918	usd
CY2022Q2	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	32223538	usd
CY2021Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	29388408	usd
CY2022Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1322323	usd
CY2021Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1288611	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	33545861	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	30677019	usd
CY2022Q2	EP	Unrealized Gain On Oil And Natural Gas Derivatives Noncurrent UnrealizedGainOnOilAndNaturalGasDerivativesNoncurrent	82853	usd
CY2021Q4	EP	Unrealized Gain On Oil And Natural Gas Derivatives Noncurrent UnrealizedGainOnOilAndNaturalGasDerivativesNoncurrent	194018	usd
CY2022Q2	EP	Sinking Fund SinkingFund	5450000	usd
CY2021Q4	EP	Sinking Fund SinkingFund	4810000	usd
CY2022Q2	us-gaap	Other Assets OtherAssets	1805608	usd
CY2021Q4	us-gaap	Other Assets OtherAssets	1290594	usd
CY2022Q2	us-gaap	Assets Assets	64091033	usd
CY2021Q4	us-gaap	Assets Assets	50089651	usd
CY2022Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	3324959	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	4329535	usd
CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	7533699	usd
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	5844184	usd
CY2022Q2	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	209320	usd
CY2021Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	180105	usd
CY2022Q2	EP	Current Portion Of Long Term Notes Payable Net Of Discount CurrentPortionOfLongTermNotesPayableNetOfDiscount	1406081	usd
CY2021Q4	EP	Current Portion Of Long Term Notes Payable Net Of Discount CurrentPortionOfLongTermNotesPayableNetOfDiscount	1700663	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	12474059	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	12054487	usd
CY2022Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	6806043	usd
CY2021Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	6914101	usd
CY2022Q2	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	591412	usd
CY2021Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	646311	usd
CY2022Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	21379788	usd
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	20640599	usd
CY2022Q2	us-gaap	Liabilities Liabilities	41251302	usd
CY2021Q4	us-gaap	Liabilities Liabilities	40255498	usd
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	21443293	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	21443293	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	19840648	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	19840648	shares
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	81111	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	79362	usd
CY2022Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	72834256	usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	68988134	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-50075636	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-59233343	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	22839731	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	9834153	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	64091033	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	50089651	usd
CY2022Q2	EP	Oil And Gas Sales OilAndGasSales	13329366	usd
CY2021Q2	EP	Oil And Gas Sales OilAndGasSales	4058449	usd
	EP	Oil And Gas Sales OilAndGasSales	23745788	usd
	EP	Oil And Gas Sales OilAndGasSales	6120493	usd
CY2022Q2	EP	Natual Gas Sales NatualGasSales	1446435	usd
CY2021Q2	EP	Natual Gas Sales NatualGasSales	372178	usd
	EP	Natual Gas Sales NatualGasSales	2431858	usd
	EP	Natual Gas Sales NatualGasSales	681062	usd
CY2022Q2	EP	Natural Gas Liquids Sales NaturalGasLiquidsSales	1763546	usd
CY2021Q2	EP	Natural Gas Liquids Sales NaturalGasLiquidsSales	425480	usd
	EP	Natural Gas Liquids Sales NaturalGasLiquidsSales	3496064	usd
	EP	Natural Gas Liquids Sales NaturalGasLiquidsSales	473392	usd
CY2022Q2	EP	Other Revenue OtherRevenue	24913	usd
CY2021Q2	EP	Other Revenue OtherRevenue	45357	usd
	EP	Other Revenue OtherRevenue	48956	usd
	EP	Other Revenue OtherRevenue	82975	usd
CY2022Q2	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-23893	usd
CY2021Q2	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-182034	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-136214	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-539949	usd
CY2022Q2	us-gaap	Revenues Revenues	16540367	usd
CY2021Q2	us-gaap	Revenues Revenues	4719430	usd
	us-gaap	Revenues Revenues	29586452	usd
	us-gaap	Revenues Revenues	6817973	usd
CY2022Q2	EP	Operating Operating	5503850	usd
CY2021Q2	EP	Operating Operating	2312932	usd
	EP	Operating Operating	10696532	usd
	EP	Operating Operating	3730942	usd
CY2022Q2	EP	Production Taxes ProductionTaxes	1137841	usd
CY2021Q2	EP	Production Taxes ProductionTaxes	418681	usd
	EP	Production Taxes ProductionTaxes	2039079	usd
	EP	Production Taxes ProductionTaxes	588513	usd
CY2022Q2	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	455799	usd
CY2021Q2	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	565333	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	890245	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	745873	usd
CY2022Q2	EP	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	336488	usd
CY2021Q2	EP	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	270155	usd
	EP	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	666488	usd
	EP	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	554620	usd
CY2022Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3282452	usd
CY2021Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3220101	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5736096	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4126149	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	10716430	usd
CY2021Q2	us-gaap	Operating Expenses OperatingExpenses	6787202	usd
	us-gaap	Operating Expenses OperatingExpenses	20028440	usd
	us-gaap	Operating Expenses OperatingExpenses	9746097	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	5823937	usd
CY2021Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-2067772	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	9558012	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-2928124	usd
CY2022Q2	EP	Other Expense OtherExpense	177872	usd
CY2021Q2	EP	Other Expense OtherExpense	435584	usd
	EP	Other Expense OtherExpense	177872	usd
	EP	Other Expense OtherExpense	435584	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-111785	usd
CY2021Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2768606	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-222433	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2905434	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	5534280	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-5271962	usd
	us-gaap	Net Income Loss NetIncomeLoss	9157707	usd
	us-gaap	Net Income Loss NetIncomeLoss	-6269142	usd
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.27
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.35
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.45
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.54
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.24
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.35
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.41
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.54
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20424970	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	15176845	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20145955	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	11601496	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23294723	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	15176845	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22233826	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11601496	shares
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	9834153	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	3623427	usd
CY2022Q1	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	6	usd
CY2022Q1	EP	Stock Issued During Period Value Shares And Warrants Issued StockIssuedDuringPeriodValueSharesAndWarrantsIssued	97500	usd
CY2022Q1	EP	Stock Issued During Period Value Stock Compensation Expense StockIssuedDuringPeriodValueStockCompensationExpense	376278	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	13931364	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	5534280	usd
CY2022Q2	EP	Stock Issued During Period Value Shares And Warrants Issued StockIssuedDuringPeriodValueSharesAndWarrantsIssued	2887183	usd
CY2022Q2	EP	Stock Issued During Period Value Stock Compensation Expense StockIssuedDuringPeriodValueStockCompensationExpense	486904	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	22839731	usd
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	-18441038	usd
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-997180	usd
CY2021Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	3349052	usd
CY2021Q1	EP	Stock Issued During Period Value Shares And Warrants Issued StockIssuedDuringPeriodValueSharesAndWarrantsIssued	3135650	usd
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	-12953516	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-5271962	usd
CY2021Q2	EP	Stock Issued During Period Value Stock Compensation Expense StockIssuedDuringPeriodValueStockCompensationExpense	406250	usd
CY2021Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	3986857	usd
CY2021Q2	EP	Stock Issued During Period Value Warrants Isuued With Unsecured Convertible Notes StockIssuedDuringPeriodValueWarrantsIsuuedWithUnsecuredConvertibleNotes	544824	usd
CY2021Q2	EP	Stock Issued During Period Value Unsecured Convertible Notes StockIssuedDuringPeriodValueUnsecuredConvertibleNotes	1500000	usd
CY2021Q2	EP	Stock Issued During Period Value Right To Buy Issued With Unsecured Convertible Notes StockIssuedDuringPeriodValueRightToBuyIssuedWithUnsecuredConvertibleNotes	989115	usd
CY2021Q2	EP	Stock Issued During Period Value Shares And Warrants Issued For Secured Convertible Note StockIssuedDuringPeriodValueSharesAndWarrantsIssuedForSecuredConvertibleNote	4594500	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	-6203932	usd
	us-gaap	Net Income Loss NetIncomeLoss	9157707	usd
	us-gaap	Net Income Loss NetIncomeLoss	-6269142	usd
	EP	Stock Compensation Expense StockCompensationExpense	863187	usd
	EP	Stock Compensation Expense StockCompensationExpense	406250	usd
	EP	Amortization Of Right Of Use Assets AmortizationOfRightOfUseAssets	90607	usd
	EP	Amortization Of Right Of Use Assets AmortizationOfRightOfUseAssets	6428	usd
	EP	Depreciation Depletion Amortization DepreciationDepletionAmortization	890245	usd
	EP	Depreciation Depletion Amortization DepreciationDepletionAmortization	745873	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	666488	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	554620	usd
	EP	Settlement Of Asset Retirement Obligations SettlementOfAssetRetirementObligations	160958	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	14587	usd
	EP	Payments Of Stock Issuance Costs1 PaymentsOfStockIssuanceCosts1	989115	usd
	EP	Loss On Embedded Conversion Option Senior Secured Convertible Note LossOnEmbeddedConversionOptionSeniorSecuredConvertibleNote	596284	usd
	EP	Amortization Of Discount On Convertible Notes AmortizationOfDiscountOnConvertibleNotes	2579915	usd
	EP	Forgiveness Of Payroll Protection Plan Loan ForgivenessOfPayrollProtectionPlanLoan	160700	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1113084	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2348605	usd
	EP	Unrealized Gain On Derivative Instruments UnrealizedGainOnDerivativeInstruments	24665	usd
	EP	Unrealized Gain On Derivative Instruments UnrealizedGainOnDerivativeInstruments	-181725	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	154709	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	840819	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-139596	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-90056	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	-4735	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	206907	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1004576	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	425567	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	1689515	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	724402	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11044088	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2511351	usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	2205000	usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	17869779	usd
	EP	Additions To Oil And Natural Gas Properties AdditionsToOilAndNaturalGasProperties	1226876	usd
	us-gaap	Payments For Purchase Of Other Assets1 PaymentsForPurchaseOfOtherAssets1	118608	usd
	us-gaap	Payments For Purchase Of Other Assets1 PaymentsForPurchaseOfOtherAssets1	83811	usd
	EP	Cash Paid For Right Of Use Assets CashPaidForRightOfUseAssets	91235	usd
	EP	Sinking Fund Deposit SinkingFundDeposit	640000	usd
	EP	Sinking Fund Deposit SinkingFundDeposit	3850000	usd
	us-gaap	Transfer Of Investments TransferOfInvestments	1250000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4281719	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-23053590	usd
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	19599850	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	922388	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	3647286	usd
	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	10471559	usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	2984683	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2062295	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	26424123	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	8824664	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	859182	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3611871	usd
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	157695	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12436535	usd
CY2021Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1016877	usd
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	180404	usd
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	469638	usd
	EP	Noncash Additions And Revisions To Asset Retirement Obligations NoncashAdditionsAndRevisionsToAssetRetirementObligations	233659	usd
	EP	Noncash Additions And Revisions To Asset Retirement Obligations NoncashAdditionsAndRevisionsToAssetRetirementObligations	6117709	usd
	EP	Note Payable Activity Pie Agreement See Note5 NotePayableActivityPieAgreementSeeNote5	519749	usd
	EP	Note Payable Activity Pie Agreement See Note5 NotePayableActivityPieAgreementSeeNote5	147686	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	64851	usd
	us-gaap	Other Significant Noncash Transaction Value Of Consideration Given1 OtherSignificantNoncashTransactionValueOfConsiderationGiven1	290325	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	199226	usd
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	1500000	usd
	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	4594500	usd
	us-gaap	Debt Instrument Decrease Forgiveness DebtInstrumentDecreaseForgiveness	160700	usd
	EP	Organization And Basis Of Presentation OrganizationAndBasisOfPresentation	<p id="xdx_802_ecustom--OrganizationAndBasisOfPresentation_zMG527t7gmC1" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><b>Note 1 - <span id="xdx_82D_zITYYwz728A1">Organization and Basis of Presentation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Empire Petroleum Corporation (“Empire” or the “Company”, collectively with its subsidiaries) is an independent energy company operator engaged in optimizing developed production by employing field management methods to maximize reserve recovery while minimizing costs. Empire has eight wholly-owned subsidiaries in four areas of operations:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"/><td style="width: 0.25in"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Empire North Dakota LLC (“Empire North Dakota”)</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace; font-size: 10pt">o</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Empire North Dakota Acquisition LLC (“Empire NDA”)</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"/><td style="width: 0.25in"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Empire New Mexico LLC d/b/a Green Tree New Mexico (“Empire New Mexico”)</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"/><td style="width: 0.25in"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Empire Texas (“Empire Texas”), consisting of the following entities:</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace; font-size: 10pt">o</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Empire Texas Operating LLC</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 1.25in"/><td style="width: 0.25in"><span style="font-family: Wingdings; font-size: 10pt">§</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Empire Texas LLC</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 1.25in"/><td style="width: 0.25in"><span style="font-family: Wingdings; font-size: 10pt">§</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Empire Texas GP LLC</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.75in"/><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace; font-size: 10pt">o</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pardus Oil & Gas Operating, LP (owned 1% by Empire Texas GP LLC and 99% by Empire Texas LLC)</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0.25in"/><td style="width: 0.25in"><span style="font-family: Symbol; font-size: 10pt">·</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Empire Louisiana LLC (“Empire Louisiana”)</span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Empire was incorporated in the State of Delaware in 1985. The consolidated financial statements of Empire include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions, including revenues and expenses, have been eliminated in consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the Company's financial position, the results of operations, and the cash flows for the interim period are included. All adjustments are of a normal, recurring nature. Operating results for the interim period are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The information contained in this Form 10-Q should be read in conjunction with the audited financial statements and related notes for the year ended December 31, 2021 which are contained in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2022.</p>
	EP	Fair Value Measurements FairValueMeasurements	<p id="xdx_848_ecustom--FairValueMeasurements_zgpllXwX654a" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><b><span id="xdx_864_zxpLOlX5GY09">Fair Value Measurements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Financial Accounting Standards Board (“FASB”) fair value measurement standards define fair value, establish a consistent framework for measuring fair value and establish a fair value hierarchy based on the observability of inputs used to measure fair value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.9pt 0 0">The three-level fair value hierarchy for disclosure of fair value measurements defined by ASC Topic 820 is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.9pt 0 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.9pt 0 0; text-align: justify"><b>Level 1</b> – Unadjusted, quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. An active market is defined as a market where transactions for the financial instrument occur with sufficient frequency and volume to provide pricing information on an ongoing basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 5.7pt 6pt 0 0; text-align: justify"><b>Level 2</b> – Inputs, other than quoted prices within Level 1, that are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the instrument’s anticipated life.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.05pt 6.5pt 0 0; text-align: justify"><b>Level 3</b> – Prices or valuations that require unobservable inputs that are both significant to the fair value measurement and unobservable. Valuation under Level 3 generally involves a significant degree of judgment from management.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.05pt 6.5pt 0 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.05pt 6.5pt 0 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.1pt 0 0; text-align: justify">A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation techniques involve a degree of management estimation and judgment, the degree of which is dependent on the price transparency for the instruments or market and the instrument’s complexity. The Company reflects transfers between the three levels at the beginning of the reporting period in which the availability of observable inputs no longer justifies classification in the original level. There were no transfers between fair value hierarchy levels for the period ended June 30, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0.3in 0 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0.3in 0; text-align: justify"><i>Financial instruments and other- </i>The fair values determined for accounts receivable, accrued expenses and other current liabilities were equivalent to the carrying value due to their short-term nature.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0.3in 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0.3in 0; text-align: justify"><i>Derivatives</i> – Derivative financial instruments are carried at fair value and measured on a recurring basis. The Company’s commodity price hedges are valued based on discounted future cash flow models that are primarily based on published forward commodity price curves; thus, these inputs are designated as Level 2 within the valuation hierarchy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0.3in 0 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0.3in 0; text-align: justify">The fair values of derivative instruments in asset positions include measures of counterparty nonperformance risk, and the fair values of derivative instruments in liability positions include measures of the Company’s nonperformance risk. These measurements were not material to the Consolidated Financial Statements.</p>
	EP	Fair Value On A Nonrecurring Basis FairValueOnANonrecurringBasis	<p id="xdx_846_ecustom--FairValueOnANonrecurringBasis_z1wMdEVtsAGj" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><b><span id="xdx_866_zsnxhFvq2fB6">Fair Value on a Nonrecurring Basis</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0; margin-left: 0; text-align: justify">The Company applies the provisions of fair value measurement on a non-recurring basis to its non-financial assets and liabilities, including oil and gas properties and asset retirement obligations. These assets and liabilities are not measured at fair value on an ongoing basis but are subject to fair value adjustments if events or changes in certain circumstances indicate that adjustments may be necessary. No triggering events that require assessment of such items were observed during the three- or six-months ended June 30, 2022.</p>
	EP	Related Party Transactions RelatedPartyTransactions	<p id="xdx_84B_ecustom--RelatedPartyTransactions_zWruYSkCNlXl" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><b><span id="xdx_861_zkYh8Tm2Gbg8">Related Party Transactions</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">Transactions between related parties are considered to be related party transactions even though they may not be given accounting recognition. FASB ASC 850, <i>Related Party Disclosures</i> (“FASB ASC 850”) requires that transactions with related parties that would have influence in decision making shall be disclosed so that users of the financial statements can evaluate their significance. Related party transactions typically occur within the context of the following relationships: affiliates of the entity; entities for which investments in their equity securities is typically accounted for under the equity method by the investing entity; trusts for the benefit of employees; principal owners of the entity and members of their immediate families; management of the entity and members of their immediate families; and other parties that can significantly influence the management or operating policies of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.</p>
CY2022Q2	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	1400000	usd
CY2022Q2	us-gaap	Acquisition Cost Ratio AcquisitionCostRatio	0.80	pure
CY2022Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	233659	usd
CY2022Q2	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	23172667	usd
CY2022Q2	EP	Proved Undeveloped ProvedUndeveloped	2777634	usd
CY2022Q2	EP	Lease And Well Equipment LeaseAndWellEquipment	6207868	usd
CY2022Q2	EP	Asset Retirement Obligationa AssetRetirementObligationa	18268308	usd
CY2022Q2	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	50426477	usd
	EP	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment1 AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment1	-18202939	usd
CY2022Q2	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	32223538	usd
	EP	Schedule Of Operating Lease Tabletextblock ScheduleOfOperatingLeaseTabletextblock	<p id="xdx_89F_ecustom--ScheduleOfOperatingLeaseTabletextblock_zvVMAIvvXnb9" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span id="xdx_8B6_zR3rQDnEBbja">Other property and equipment consists of operating lease assets, vehicles, office furniture, and equipment with lives ranging from three to five years</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="1" style="font: 9.5pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 75%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_495_20220630_zDatCrtoMWT" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--PropertyPlantAndEquipmentOther_iI_zmJfpbkim4J6" style="vertical-align: bottom"> <td style="width: 70%; text-align: left">Other property and equipment, at cost</td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">1,731,485</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--PropertyPlantAndEquipmentOtherAccumulatedDepreciation_iNI_di_zQAksyHZ77W2" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Less: accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(409,162</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--PropertyPlantAndEquipmentOtherNet_iI_zDl3l6yLBsLk" style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt">Other property and equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">1,322,323</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2022Q2	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	1731485	usd
CY2022Q2	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	409162	usd
CY2022Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1322323	usd
	EP	Supplemental Deferred Purchase Price1 SupplementalDeferredPurchasePrice1	17800000	usd
	EP	Purchase Of Performance Bond PurchaseOfPerformanceBond	5000000	usd
CY2022Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	3750000	usd
CY2022Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	3750000	usd
CY2022Q2	us-gaap	Debt Instrument Interest Rate Effective Percentage DebtInstrumentInterestRateEffectivePercentage	0.04	pure
	EP	Monthly Payment MonthlyPayment	160000	usd
	EP	Schedule Of Purchase And Sales Of Agreementtabletextblock ScheduleOfPurchaseAndSalesOfAgreementtabletextblock	<p id="xdx_89E_ecustom--ScheduleOfPurchaseAndSalesOfAgreementtabletextblock_zCFGbczjSqBf" style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: justify"><span id="xdx_8B4_zaaan6lqbjH8">The following table sets forth the Company’s preliminary purchase price allocation</span>:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 9.5pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 75%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Fair Value of Assets Acquired</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 70%; text-align: left; padding-left: 15px">Oil and natural gas properties</td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--OilAndGasPropertyFullCostMethodNet_iI_c20220630__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfAssetsAcquiredMember_ziEhbQ7inNDd" style="width: 18%; text-align: right" title="Oil and Gas Property, Full Cost Method, Net">17,662,402</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 15px">Inventory - Oil in tanks</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--InventoryNet_iI_c20220630__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfAssetsAcquiredMember_ziMXiFKrnkp1" style="text-align: right" title="Inventory, Net">318,546</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 15px">Vehicles</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--VehiclesGross_iI_c20220630__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfAssetsAcquiredMember_zlrSms55KzLh" style="text-align: right" title="Vehicles">179,156</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 15px">Asset retirement obligations</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--AssetRetirementObligationLegallyRestrictedAssetsFairValue_iI_c20220630__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfAssetsAcquiredMember_zMIDTopHvzy7" style="border-bottom: Black 1pt solid; text-align: right" title="Asset retirement obligations">6,117,709</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Total assets acquired</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iI_c20220630__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfAssetsAcquiredMember_zDuwrOwY44o1" style="border-bottom: Black 1pt solid; text-align: right" title="Total preliminary assets acquired">24,277,813</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Fair Value of Liabilities Assumed</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-left: 15px">Royalty suspense</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--RoyaltySuspense_iI_c20220630__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfLiabilitiesAcquiredMember_z9FbnRU1rame" style="text-align: right" title="Royalty suspense">290,325</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 15px">Asset retirement obligations</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--AssetRetirementObligation_iI_c20220630__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfLiabilitiesAcquiredMember_zmDnRdzSlwUc" style="border-bottom: Black 1pt solid; text-align: right" title="Asset Retirement Obligations">6,117,709</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Total liabilities assumed</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--FairValueNetLiability_iI_c20220630__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfLiabilitiesAcquiredMember_zZFk2hMp2Ha" style="border-bottom: Black 1pt solid; text-align: right" title="Total preliminary liabilities assumed">6,408,034</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 2.5pt">Purchase Price</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98E_ecustom--PurchasePrice_iI_c20220630__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfLiabilitiesAcquiredMember_zlsd3QYTbxJ2" style="border-bottom: Black 2.5pt double; text-align: right" title="Purchase price">17,869,779</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2022Q2	EP	Other Setlemen Receivable Net OtherSetlemenReceivableNet	400000	usd
	EP	Joint Devlopment Agreement Disclosure Textblock JointDevlopmentAgreementDisclosureTextblock	<p id="xdx_80B_ecustom--JointDevlopmentAgreementDisclosureTextblock_zvMpzfFItWl2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"><b>Note 5 – <span id="xdx_822_zcDZRPEpAaa6">Joint Development Agreement</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 6, 2020, the Company, through its wholly owned subsidiary, Empire Texas, entered into a joint development agreement (the “JDA”) with Petroleum & Independent Exploration, LLC and related entities (“PIE”), a related party (See Note 13), dated August 1, 2020. Under the terms of the JDA, PIE will perform recompletion or workover on specified mutually agreed upon wells (“Workover Wells”) owned by Empire Texas. To fund the work, PIE entered into a term loan agreement with Empire Texas dated August 1, 2020, whereby PIE will loan up to $<span id="xdx_905_eus-gaap--LoansPayable_iI_c20220630_z9sBhaMLEXzb" title="Loan from related party">2,000,000</span>, at an interest rate of 6% per annum, maturing <span id="xdx_90A_eus-gaap--DebtInstrumentMaturityDate_dd_c20200804__20220806_zFfAUJCm7fWd" title="Maturity date">August 7, 2024</span> unless terminated earlier by PIE. Proceeds of the loan will be used for recompletion or workover of the Workover Wells. Refer to Note 8 for the amount advanced on the loan as of the current period-end. <span id="xdx_90B_ecustom--DescriptionOfWorkingAndRevenueInterests_c20200804__20200806_zsVRT0FSjH3a" title="Description of working and revenue interest">As part of the JDA, Empire Texas will assign to PIE a combined 85% working and revenue interest in the Workover Wells. Of the assigned interest, 70% working and revenue interest will be used to repay the obligations under the term loan agreement. Once the term loan is repaid, PIE will reassign a 35% working and revenue interest to Empire Texas in each of the Workover Wells and retain a 50% working and revenue interest</span>. <span style="background-color: white">To the extent the cash flows from the revenue interest are insufficient to repay the obligations under the term loan, the Company remains required to repay the obligation and the activity resulting from the JDA is being treated as a carried interest with a corresponding term loan.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="background-color: white">In addition, PIE and Empire entered into a Securities Purchase Agreement ( the “Securities Agreement”) whereby <span id="xdx_90B_ecustom--DescriptionOfSecurityPurchaseAgreement_c20220101__20220630__us-gaap--PlanNameAxis__custom--SecurityPurchaseAgreementMember_zj50SyqNwON7" title="Description of security purchase agreement">PIE purchased for $525,000 (a) 875,000 shares of Empire common stock, (b) warrants to purchase 656,250 shares of Empire common stock at an exercise price of $0.80 per share, (c) warrants to purchase 450,000 shares of Empire common stock at an exercise price of $1.00 per share, (d) warrants to purchase 2,034,129 shares of Empire common stock at an exercise price of $0.40 per share, and (e) warrants to purchase up to 2,766,666 shares of Empire common stock at an exercise price of $0.564 per share, pursuant to various vesting provisions as detailed in the Securities Agreement.</span> On March 11, 2021 the Company amended the Securities Agreement to remove the vesting provisions for the warrants and PIE exercised all related warrants for an aggregate exercise price of $<span id="xdx_90F_ecustom--AggregateExercisePrice_c20220101__20220630__us-gaap--PlanNameAxis__custom--SecurityPurchaseAgreementMember_zdbzQ56sfRnf" title="Aggregate exercise price">3,349,052</span>.</span></p>
CY2022Q2	us-gaap	Loans Payable LoansPayable	2000000	usd
	us-gaap	Debt Instrument Maturity Date DebtInstrumentMaturityDate	2024-08-07
CY2020Q3	EP	Description Of Working And Revenue Interests DescriptionOfWorkingAndRevenueInterests	As part of the JDA, Empire Texas will assign to PIE a combined 85% working and revenue interest in the Workover Wells. Of the assigned interest, 70% working and revenue interest will be used to repay the obligations under the term loan agreement. Once the term loan is repaid, PIE will reassign a 35% working and revenue interest to Empire Texas in each of the Workover Wells and retain a 50% working and revenue interest
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	20640599	usd
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	233659	usd
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	160958	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	666488	usd
CY2022Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	21379788	usd
	EP	Schedule Of Unamortize Expense Table Textblock ScheduleOfUnamortizeExpenseTableTextblock	<p id="xdx_897_ecustom--ScheduleOfUnamortizeExpenseTableTextblock_zEv3NOxmZNE8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_8B3_zjGIDATenXIl">The following table represents the Company’s outstanding debt as of June 30, 2022</span>:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 9.5pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="width: 70%; text-align: left">Senior Revolver Loan Agreement</td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_ecustom--NotesPayableCurrentNonCurrent_iI_c20220630__us-gaap--PlanNameAxis__custom--SeniorRevolverLoanAgreementMember_z6PTMXEgOxbh" style="width: 18%; text-align: right">6,469,500</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Term Loan – PIE, a related party</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_ecustom--NotesPayableCurrentNonCurrent_iI_c20220630__us-gaap--PlanNameAxis__custom--TermLoanPIEMember_z9uzxPEnLGb3" style="text-align: right">1,316,759</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Equipment and vehicle notes, <span id="xdx_908_ecustom--EquipmentAndVehicleNotes_iI_pid_dp_uPure_c20220630__srt--RangeAxis__srt--MinimumMember_zYNba2EqL822" title="Equipment and vehicle notes">0</span>% to<span id="xdx_900_ecustom--EquipmentAndVehicleNotes_iI_pid_dp_uPure_c20220630__srt--RangeAxis__srt--MaximumMember_zLmnJvtkC3Je"> 6.99</span>% interest rates, due in 2025 to 2027 with monthly payments ranging from $<span id="xdx_907_ecustom--MonthlyPayments_iI_c20220630__srt--RangeAxis__srt--MinimumMember_zHtpOSSidBHi" title="Monthly payments">400</span> to $<span id="xdx_90C_ecustom--MonthlyPayments_iI_c20220630__srt--RangeAxis__srt--MaximumMember_zpb9IxFbd9ne">1,400 </span>per month</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_ecustom--NotesPayableCurrentNonCurrent_iI_c20220630__us-gaap--PlanNameAxis__custom--VariousVehicleandEquipmentLoansMember_zNDdymBCGR06" style="text-align: right">275,762</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Note Payable to Insurance Provider, bears <span id="xdx_90A_ecustom--NotePayableToInsuranceProvider_iI_pid_dp_uPure_c20220630_zSxZoPZ8VmUc" title="Note payable to insurance provider interest">3.63</span>% interest, matures November 2022, monthly payments of principal and interest of $<span id="xdx_904_ecustom--MonthlyPaymentsOfPrincipalAndInterest_iI_c20220630__srt--RangeAxis__srt--MaximumMember_zRXhpgAjqK9h" title="Monthly payments of principal and interest">50,083</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--NotesPayableCurrentNonCurrent_iI_c20220630__us-gaap--PlanNameAxis__custom--NotePayableToInsuranceMember_zoDaJ5uQcGGl" style="text-align: right">150,103</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Total Notes Payable</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_989_ecustom--TotalDebtCurrentnoncurrent_iI_c20220630_zRXjgZLzz1Mh" style="border-bottom: Black 1pt solid; text-align: right" title="Total Debt net of Debt Issue Costs and Discount">8,212,124</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Less: Current Maturities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_ecustom--NotesPayableCurrentMaturities_iI_c20220630_zyPd7NQhHznh" style="border-bottom: Black 1pt solid; text-align: right" title="Less current maturities">1,406,081</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt">Total Long-Term Notes Payable</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_982_eus-gaap--LongTermNotesPayable_iI_c20220630_zFulooRIsvrg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Long-Term Debt">6,806,043</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 9pt Sans-Serif; margin: 0; text-align: center; color: Red"> </p>
CY2022Q2	EP	Note Payable To Insurance Provider NotePayableToInsuranceProvider	0.0363	pure
CY2022Q2	EP	Total Debt Currentnoncurrent TotalDebtCurrentnoncurrent	8212124	usd
CY2022Q2	EP	Notes Payable Current Maturities NotesPayableCurrentMaturities	1406081	usd
CY2022Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	6806043	usd
	EP	Lease Expense LeaseExpense	122000	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	770371	usd
CY2022Q2	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	209320	usd
CY2022Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	591412	usd
CY2022Q2	EP	Totalrightofuseleaseliabilities Totalrightofuseleaseliabilities	800732	usd
CY2022Q2	us-gaap	Capital Leases Future Minimum Payments Due CapitalLeasesFutureMinimumPaymentsDue	264047	usd
CY2022Q2	us-gaap	Capital Leases Future Minimum Payments Next Rolling Twelve Months CapitalLeasesFutureMinimumPaymentsNextRollingTwelveMonths	267025	usd
CY2022Q2	us-gaap	Capital Leases Future Minimum Payments Due In Two Years CapitalLeasesFutureMinimumPaymentsDueInTwoYears	237663	usd
CY2022Q2	us-gaap	Capital Leases Future Minimum Payments Due In Three Years CapitalLeasesFutureMinimumPaymentsDueInThreeYears	115430	usd
CY2022Q2	us-gaap	Capital Leases Future Minimum Payments Due In Four Years CapitalLeasesFutureMinimumPaymentsDueInFourYears	31000	usd
CY2022Q2	us-gaap	Capital Leases Future Minimum Payments Due In Five Years CapitalLeasesFutureMinimumPaymentsDueInFiveYears	915165	usd
CY2022Q2	us-gaap	Capital Leases Future Minimum Payments Interest Included In Payments CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments	114433	usd
CY2022Q2	us-gaap	Capital Lease Obligations CapitalLeaseObligations	800732	usd
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2021Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2022Q1	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	1200000	usd
	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	398000	usd
CY2022Q2	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	1300000	usd
	us-gaap	Loss Contingency Period Of Occurrence LossContingencyPeriodOfOccurrence	650,000
	us-gaap	Subsequent Event Description SubsequentEventDescription	Subsequent to the end of the current quarter, all remaining outstanding warrants to purchase approximately 202,000 shares of common stock at $2 per share were exercised. See Note 11 for additional information.

Files In Submission

Name	View Source	Status
0001072613-22-000511-index-headers.html	Edgar Link	pending
0001072613-22-000511-index.html	Edgar Link	pending
0001072613-22-000511.txt	Edgar Link	pending
0001072613-22-000511-xbrl.zip	Edgar Link	pending
empire_form10q063022.htm	Edgar Link	pending
ep-20220630.xsd	Edgar Link	pending
exh31-1_18636.htm	Edgar Link	pending
exh31-2_18636.htm	Edgar Link	pending
exh32-1_18636.htm	Edgar Link	pending
exh32-2_18636.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
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$EP
EMPIRE PETROLEUM CORP Stock $ep

2022 Q3 Form 10-Q Financial Statement

#000107261322000511 Filed on August 15, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EP EMPIRE PETROLEUM CORP Stock $ep

2022 Q3 Form 10-Q Financial Statement

#000107261322000511 Filed on August 15, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EP
EMPIRE PETROLEUM CORP Stock $ep