2023 Q1 Form 10-K Financial Statement
#000107261323000285 Filed on March 31, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $10.05M | $8.508M | $52.89M |
YoY Change | -22.95% | -22.58% | 89.53% |
Cost Of Revenue | $7.278M | $5.176M | $27.53M |
YoY Change | 19.47% | -31.93% | 69.94% |
Gross Profit | $2.774M | $3.332M | $25.36M |
YoY Change | -60.11% | -1.6% | 116.65% |
Gross Profit Margin | 27.6% | 39.17% | 47.95% |
Selling, General & Admin | $3.613M | $3.744M | $12.33M |
YoY Change | 47.14% | 54.59% | 45.73% |
% of Gross Profit | 130.24% | 112.34% | 48.63% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $563.0K | $519.4K | $1.949M |
YoY Change | 29.59% | 8.92% | -22.1% |
% of Gross Profit | 20.3% | 15.59% | 7.69% |
Operating Expenses | $12.27M | $4.612M | $44.10M |
YoY Change | 281.23% | 42.72% | 262.13% |
Operating Profit | -$2.223M | -$1.279M | $8.784M |
YoY Change | -159.53% | -923.33% | -1955.67% |
Interest Expense | -$237.3K | -$161.8K | -$509.5K |
YoY Change | 114.46% | -97.22% | -96.11% |
% of Operating Profit | -5.8% | ||
Other Income/Expense, Net | -$237.3K | $297.2K | -$509.5K |
YoY Change | 114.46% | -110.07% | -81.54% |
Pretax Income | -$2.460M | -$2.081M | $7.293M |
YoY Change | -167.88% | -75.86% | -139.18% |
Income Tax | $208.9K | $208.9K | |
% Of Pretax Income | 2.86% | ||
Net Earnings | -$2.460M | -$2.290M | $7.084M |
YoY Change | -167.88% | -73.44% | -138.06% |
Net Earnings / Revenue | -24.47% | -26.91% | 13.39% |
Basic Earnings Per Share | -$0.11 | $0.34 | |
Diluted Earnings Per Share | -$0.11 | -$0.10 | $0.30 |
COMMON SHARES | |||
Basic Shares Outstanding | 22.44M shares | 22.10M shares | 21.00M shares |
Diluted Shares Outstanding | 22.10M shares | 23.39M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $6.764M | $11.94M | $11.94M |
YoY Change | 26.34% | 230.7% | 230.7% |
Cash & Equivalents | $6.764M | $11.94M | $11.94M |
Short-Term Investments | |||
Other Short-Term Assets | $1.507M | $1.170M | $1.170M |
YoY Change | 142.98% | 59.32% | 59.32% |
Inventory | $2.261M | $1.840M | $1.840M |
Prepaid Expenses | $1.413M | $1.048M | |
Receivables | $6.504M | $7.780M | $7.780M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $17.04M | $22.73M | $22.73M |
YoY Change | 10.33% | 73.31% | 73.31% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $46.90M | $45.31M | $45.31M |
YoY Change | 53.08% | 47.7% | 47.7% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $746.9K | $3.499M | $3.499M |
YoY Change | -88.92% | -44.41% | -44.41% |
Total Long-Term Assets | $47.65M | $48.81M | $48.81M |
YoY Change | 27.47% | 32.02% | 32.02% |
TOTAL ASSETS | |||
Total Short-Term Assets | $17.04M | $22.73M | $22.73M |
Total Long-Term Assets | $47.65M | $48.81M | $48.81M |
Total Assets | $64.68M | $71.55M | $71.55M |
YoY Change | 22.46% | 42.83% | 42.83% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.733M | $5.843M | $5.843M |
YoY Change | 114.32% | 34.97% | 34.97% |
Accrued Expenses | $6.280M | $9.461M | $9.718M |
YoY Change | -2.86% | 61.89% | 66.28% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $3.595M | $4.063M | $2.059M |
YoY Change | 131.4% | 116.03% | 9.49% |
Total Short-Term Liabilities | $14.75M | $17.62M | $17.62M |
YoY Change | 37.94% | 46.18% | 46.18% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $4.668M | $5.140M | $5.140M |
YoY Change | -29.49% | -32.01% | -32.01% |
Other Long-Term Liabilities | $25.66M | $25.55M | $25.55M |
YoY Change | 18.96% | 23.78% | 23.78% |
Total Long-Term Liabilities | $30.33M | $30.69M | $30.69M |
YoY Change | 7.58% | 8.82% | 8.82% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $14.75M | $17.62M | $17.62M |
Total Long-Term Liabilities | $30.33M | $30.69M | $30.69M |
Total Liabilities | $45.08M | $48.31M | $48.31M |
YoY Change | 15.93% | 20.01% | 20.01% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$54.61M | -$52.15M | |
YoY Change | -11.96% | ||
Common Stock | $81.63K | $81.62K | |
YoY Change | 2.84% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $19.60M | $23.24M | $23.24M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $64.68M | $71.55M | $71.55M |
YoY Change | 22.46% | 42.83% | 42.83% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.460M | -$2.290M | $7.084M |
YoY Change | -167.88% | -73.44% | -138.06% |
Depreciation, Depletion And Amortization | $563.0K | $519.4K | $1.949M |
YoY Change | 29.59% | 8.92% | -22.1% |
Cash From Operating Activities | -$5.067M | $3.149M | $18.06M |
YoY Change | -265.54% | 23.97% | 469.53% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $2.237M | $9.160M | $13.18M |
YoY Change | -615.86% | -759.97% | -166.66% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $2.692M | $2.537M | $1.762M |
YoY Change | -614.98% | -508.85% | -135.59% |
Cash From Investing Activities | $455.3K | -$6.623M | -$11.41M |
YoY Change | -147.6% | 229.72% | -53.82% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $569.1K | $1.700M | |
YoY Change | 23.74% | -71.16% | |
Cash From Financing Activities | -$569.1K | -315.5K | $1.690M |
YoY Change | 57.02% | 194.82% | -93.24% |
NET CHANGE | |||
Cash From Operating Activities | -$5.067M | 3.149M | $18.06M |
Cash From Investing Activities | $455.3K | -6.623M | -$11.41M |
Cash From Financing Activities | -$569.1K | -315.5K | $1.690M |
Net Change In Cash | -$5.181M | -3.789M | $8.333M |
YoY Change | -397.44% | -992.97% | 141.23% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.067M | $3.149M | $18.06M |
Capital Expenditures | $2.237M | $9.160M | $13.18M |
Free Cash Flow | -$7.304M | -$6.011M | $4.880M |
YoY Change | -309.02% | -253.04% | -78.72% |
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Current Portion Of Long Term Notes Payable Net Of Discount
CurrentPortionOfLongTermNotesPayableNetOfDiscount
|
2059309 | usd |
CY2021Q4 | empr |
Current Portion Of Long Term Notes Payable Net Of Discount
CurrentPortionOfLongTermNotesPayableNetOfDiscount
|
1700663 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
17620660 | usd |
CY2021Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
12054487 | usd |
CY2022Q4 | us-gaap |
Notes And Loans Payable Current
NotesAndLoansPayableCurrent
|
4063115 | usd |
CY2021Q4 | us-gaap |
Notes And Loans Payable Current
NotesAndLoansPayableCurrent
|
6117091 | usd |
CY2022Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
1076987 | usd |
CY2021Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
797010 | usd |
CY2022Q4 | us-gaap |
Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
|
547692 | usd |
CY2021Q4 | us-gaap |
Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
|
646311 | usd |
CY2022Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
25000740 | usd |
CY2021Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
20640599 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
48309194 | usd |
CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
40255498 | usd |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
6 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
6 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
190000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
190000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
22093503 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
22093503 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
19840648 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
19840648 | shares |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
81615 | usd |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
79362 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
75303479 | usd |
CY2021Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
68988134 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-52149213 | usd |
CY2021Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-59233343 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
23235881 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9834153 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
71545075 | usd |
CY2021Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
50089651 | usd |
CY2022 | empr |
Oil And Gas Sales
OilAndGasSales
|
44978554 | usd |
CY2021 | empr |
Oil And Gas Sales
OilAndGasSales
|
22326289 | usd |
CY2022 | empr |
Natual Gas Sales
NatualGasSales
|
4534370 | usd |
CY2021 | empr |
Natual Gas Sales
NatualGasSales
|
2288481 | usd |
CY2022 | empr |
Natural Gas Liquids Sales
NaturalGasLiquidsSales
|
3659451 | usd |
CY2021 | empr |
Natural Gas Liquids Sales
NaturalGasLiquidsSales
|
2888747 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
53172375 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
27503517 | usd |
CY2022 | empr |
Other Revenue
OtherRevenue
|
102429 | usd |
CY2021 | empr |
Other Revenue
OtherRevenue
|
174609 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-387930 | usd |
CY2021 | us-gaap |
Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
|
-586181 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
52886874 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
27091945 | usd |
CY2022 | empr |
Operating
Operating
|
23584039 | usd |
CY2021 | empr |
Operating
Operating
|
13283758 | usd |
CY2022 | empr |
Production Taxes
ProductionTaxes
|
3943466 | usd |
CY2021 | empr |
Production Taxes
ProductionTaxes
|
2102772 | usd |
CY2022 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
1949191 | usd |
CY2021 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
2502275 | usd |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-473370 | usd |
CY2022 | empr |
Other Expense
OtherExpense
|
981595 | usd |
CY2021 | empr |
Other Expense
OtherExpense
|
-409225 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-509540 | usd |
CY2022 | empr |
Accretion Of Asset Retirement Obligation
AccretionOfAssetRetirementObligation
|
-1357906 | usd |
CY2021 | empr |
Accretion Of Asset Retirement Obligation
AccretionOfAssetRetirementObligation
|
-1214479 | usd |
CY2022 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
936620 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
12331489 | usd |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8462031 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
44102711 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
27565315 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8784163 | usd |
CY2022 | empr |
Loss On Settlement Of Asset Retirement Obligation
LossOnSettlementOfAssetRetirementObligation
|
181386 | usd |
CY2021 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-8600699 | usd |
CY2021 | empr |
Convertible Debt Modification Inducement Expense
ConvertibleDebtModificationInducementExpense
|
2276813 | usd |
CY2021 | empr |
Loss On Convertible Debt Redemption Option
LossOnConvertibleDebtRedemptionOption
|
-3169201 | usd |
CY2021 | empr |
Loss On Embedded Conversion Option
LossOnEmbeddedConversionOption
|
-4504104 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
7293028 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-18614962 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
208898 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7084130 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18614962 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.34 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.27 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.30 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.27 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
21003563 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14630168 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23387646 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14630168 | shares |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-18441038 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18614962 | usd |
CY2021 | empr |
Stock Issued During Period Value Stock Compensation Expense
StockIssuedDuringPeriodValueStockCompensationExpense
|
1502220 | usd |
CY2021 | empr |
Stock Issued During Period Value Stock Option Exercised
StockIssuedDuringPeriodValueStockOptionExercised
|
94775 | usd |
CY2021 | empr |
Stock Issued During Period Value Shares And Warrants Issued
StockIssuedDuringPeriodValueSharesAndWarrantsIssued
|
8051480 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3148650 | usd |
CY2021 | empr |
Stock Issued During Period Value Shares And Warrants Issued For Secured Convertible Note
StockIssuedDuringPeriodValueSharesAndWarrantsIssuedForSecuredConvertibleNote
|
16012640 | usd |
CY2021 | empr |
Stock Issued During Period Value Warrants Isuued With Unsecured Convertible Notes
StockIssuedDuringPeriodValueWarrantsIsuuedWithUnsecuredConvertibleNotes
|
544824 | usd |
CY2021 | empr |
Stock Issued During Period Value Right To Buy Issued With Unsecured Convertible Notes
StockIssuedDuringPeriodValueRightToBuyIssuedWithUnsecuredConvertibleNotes
|
989115 | usd |
CY2021 | empr |
Stock Issued During Period Value Unsecured Convertible Notes
StockIssuedDuringPeriodValueUnsecuredConvertibleNotes
|
2918000 | usd |
CY2021 | empr |
Stock Issued During Period Value Shares Issued For Convertible Notes Interes Including Payment Of Accrued Interestt
StockIssuedDuringPeriodValueSharesIssuedForConvertibleNotesInteresIncludingPaymentOfAccruedInterestt
|
13628449 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9834153 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7084130 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6 | usd |
CY2022 | empr |
Stock Issued During Period Value Stock Compensation Expense
StockIssuedDuringPeriodValueStockCompensationExpense
|
2716752 | usd |
CY2022 | empr |
Stock Issued During Period Value Shares And Warrants Issued
StockIssuedDuringPeriodValueSharesAndWarrantsIssued
|
3600840 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
23235881 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7084130 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18614962 | usd |
CY2022 | empr |
Stock Compensation Expense
StockCompensationExpense
|
2716752 | usd |
CY2021 | empr |
Stock Compensation Expense
StockCompensationExpense
|
1502220 | usd |
CY2022 | empr |
Amortization Of Right Of Use Assets
AmortizationOfRightOfUseAssets
|
-263847 | usd |
CY2021 | empr |
Amortization Of Right Of Use Assets
AmortizationOfRightOfUseAssets
|
-137046 | usd |
CY2022 | empr |
Depreciation Depletion Amortization
DepreciationDepletionAmortization
|
1949191 | usd |
CY2021 | empr |
Depreciation Depletion Amortization
DepreciationDepletionAmortization
|
2502275 | usd |
CY2022 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
1357906 | usd |
CY2021 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
1214479 | usd |
CY2022 | us-gaap |
Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
|
936620 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
25000772 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
8332571 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3454176 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
3611871 | usd |
CY2022 | empr |
Loss On Xto Final Settlement
LossOnXtoFinalSettlement
|
1448363 | usd |
CY2022 | empr |
Pierelated Expense See Note5
PierelatedExpenseSeeNote5
|
-1399030 | usd |
CY2021 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
14587 | usd |
CY2021 | empr |
Payments Of Stock Issuance Costs1
PaymentsOfStockIssuanceCosts1
|
989115 | usd |
CY2021 | empr |
Loss On Embedded Conversion Option Senior Secured Convertible Note
LossOnEmbeddedConversionOptionSeniorSecuredConvertibleNote
|
4504104 | usd |
CY2021 | empr |
Amortization Of Discount On Convertible Notes
AmortizationOfDiscountOnConvertibleNotes
|
7727213 | usd |
CY2021 | empr |
Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
|
3169201 | usd |
CY2021 | empr |
Convertible Debt Modification Inducement Expense
ConvertibleDebtModificationInducementExpense
|
2276813 | usd |
CY2021 | empr |
Stock Issued For Interest Expense Payment
StockIssuedForInterestExpensePayment
|
296127 | usd |
CY2021 | empr |
Forgiveness Of Payroll Protection Plan Loan
ForgivenessOfPayrollProtectionPlanLoan
|
267550 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1812230 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
6482271 | usd |
CY2022 | us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
-127676 | usd |
CY2021 | us-gaap |
Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
|
255009 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
802394 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
506571 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
369312 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-95371 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
568690 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
488544 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
526682 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2210285 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
3616826 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
3146353 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
18055783 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3170282 | usd |
CY2022 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
2702613 | usd |
CY2021 | us-gaap |
Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
|
19545505 | usd |
CY2022 | empr |
Additions To Oil And Natural Gas Properties
AdditionsToOilAndNaturalGasProperties
|
10161711 | usd |
CY2022 | us-gaap |
Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
|
311229 | usd |
CY2021 | us-gaap |
Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
|
220769 | usd |
CY2022 | empr |
Cash Paid For Right Of Use Assets
CashPaidForRightOfUseAssets
|
268934 | usd |
CY2021 | empr |
Cash Paid For Right Of Use Assets
CashPaidForRightOfUseAssets
|
140604 | usd |
CY2022 | empr |
Sinking Fund Deposit
SinkingFundDeposit
|
-2031000 | usd |
CY2021 | empr |
Sinking Fund Deposit
SinkingFundDeposit
|
4810000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-11413487 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-24716878 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
19493000 | usd |
CY2022 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1699840 | usd |
CY2021 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
5893984 | usd |
CY2021 | empr |
Proceeds From Stock And Warrant Issuances
ProceedsFromStockAndWarrantIssuances
|
11294906 | usd |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
3390115 | usd |
CY2021 | empr |
Paycheck Protection Program Loan Proceeds
PaycheckProtectionProgramLoanProceeds
|
106850 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1690275 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
157695 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
11944442 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
3611871 | usd |
CY2022 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
473205 | usd |
CY2021 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
436053 | usd |
CY2022 | empr |
Noncash Additions And Revisions To Asset Retirement Obligations
NoncashAdditionsAndRevisionsToAssetRetirementObligations
|
3163193 | usd |
CY2021 | empr |
Noncash Additions And Revisions To Asset Retirement Obligations
NoncashAdditionsAndRevisionsToAssetRetirementObligations
|
4021953 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
186126 | usd |
CY2022 | empr |
Note Payable Activity Pie Agreement See Note5
NotePayableActivityPieAgreementSeeNote5
|
602020 | usd |
CY2022 | us-gaap |
Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
|
1197880 | usd |
CY2021 | empr |
Property Additions In Notes Payable
PropertyAdditionsInNotesPayable
|
-181507 | usd |
CY2021 | empr |
Common Stock Issued In Exchange For Outstanding Notes Payable
CommonStockIssuedInExchangeForOutstandingNotesPayable
|
32611376 | usd |
CY2021 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
1255503 | usd |
CY2022 | empr |
Organization And Basis Of Presentation
OrganizationAndBasisOfPresentation
|
<p id="xdx_803_ecustom--OrganizationAndBasisOfPresentation_zdF5uRzG7hy" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>Note 1 - <span id="xdx_82C_zT83owE4Jreg">Organization and Basis of Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Empire Petroleum Corporation (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 operates the following wholly-owned subsidiaries in its areas of operations:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; 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 (“Empire New Mexico”)</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Empire Rockies Region</span></td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"/></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 72px"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; 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 LLC (“Empire North Dakota”)</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; 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 A</span><span style="font-family: Times New Roman, Times, Serif">cquisition <span style="font-size: 10pt">LLC (“Empire NDA”)</span></span></td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"/></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; 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> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"/></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 72px"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; 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 LLC</span></td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"/></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 72px"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; 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> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; 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 GP LLC</span></td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"/></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 72px"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; 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> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"/></p> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; 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"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Empire was incorporated in the State of Delaware in 1985. The consolidated financial statements of Empire Petroleum Corporation and subsidiaries include the accounts of the Company and its wholly-owned subsidiaries.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On August 27, 2021, the Company’s Board of Directors, in conjunction with the majority of the common stockholders, approved a one for four reverse stock split such that every holder of the Company’s common stock shall receive one share of Common Stock for every four shares owned. In addition, the Board authorized the Company to issue ten million shares of $0.001 par value Preferred Stock. The reverse stock split was made effective on March 7, 2022, simultaneous with the Company’s listing to the NYSE American. All shares amounts have retrospectively been stated at post-reverse split amounts and pricing.</span></p> | |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84E_eus-gaap--UseOfEstimates_zBP60FNDtyl6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_861_zPjeZ22ygoN2">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Estimated quantities of crude oil, natural gas and natural gas liquids (“NGL”) reserves are the most significant of the Company’s estimates. All reserve data used in the preparation of the Consolidated Financial Statements, as well as included in <i>Supplemental Information of Oil and Natural Gas Producing Activities (Unaudited)</i>,</span><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">are based on estimates. Reservoir engineering is a subjective process of estimating underground accumulations of crude oil, natural gas and NGL. There are numerous uncertainties inherent in estimating quantities of proved crude oil, natural gas and NGL reserves. The accuracy of any reserve estimate is a function of the quality of available data and of engineering and geological interpretation and judgment. As a result, reserve estimates may be different from the quantities of crude oil, natural gas and NGLs that are ultimately recovered.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.35pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Other items subject to estimates and assumptions include, but are not limited to, the carrying amounts of property, plant and equipment, asset retirement obligations, valuation allowances for deferred income tax assets, and valuation of derivative instruments. Management evaluates estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic and commodity price environment. The volatility of commodity prices results in increased uncertainty inherent in such estimates and assumptions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.25pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Although management believes these estimates are reasonable, actual results may differ from estimates and assumptions of future events and these revisions could be material. Future production may vary materially from estimated oil and natural gas proved reserves. Actual future prices may vary significantly from price assumptions used for determining proved reserves and for financial reporting.</span></p> | |
CY2022Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
1300000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
797000 | usd |
CY2021 | empr |
Gathering And Processing Costs
GatheringAndProcessingCosts
|
800000 | usd |
CY2022Q4 | us-gaap |
Oil And Gas Joint Interest Billing Receivables
OilAndGasJointInterestBillingReceivables
|
3060341 | usd |
CY2021Q4 | us-gaap |
Oil And Gas Joint Interest Billing Receivables
OilAndGasJointInterestBillingReceivables
|
4173116 | usd |
CY2022Q4 | empr |
Joint Interest Billing Receivables
JointInterestBillingReceivables
|
2057719 | usd |
CY2021Q4 | empr |
Joint Interest Billing Receivables
JointInterestBillingReceivables
|
2893122 | usd |
CY2022Q4 | empr |
Receivable From Former Ceo
ReceivableFromFormerCEO
|
2130614 | usd |
CY2022Q4 | us-gaap |
Other Receivables
OtherReceivables
|
531565 | usd |
CY2021Q4 | us-gaap |
Other Receivables
OtherReceivables
|
667667 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
7780239 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
7733905 | usd |
CY2022 | empr |
Inventory
Inventory
|
<p id="xdx_84C_ecustom--Inventory_zovOBlNTy1q1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>Inventory</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Inventory consists of oil in tanks which has not been delivered and is valued at the lower of cost or net realizable value.</span></p> | |
CY2022 | empr |
Segment Reporting
SegmentReporting
|
<p id="xdx_848_ecustom--SegmentReporting_zGh9txh8bhAj" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_867_zYaQpJJl31v3">Segment Reporting</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Operating segments are components of an enterprise that engage in activities from which it may earn revenues and incur expenses and for which separate operational financial information is available and is regularly evaluated by management. Based on the Company’s organization and management, it has only one reportable operating segment, which is oil and natural gas exploration and production.</span></p> | |
CY2022 | empr |
Stock Based Compensation
StockBasedCompensation
|
<p id="xdx_84B_ecustom--StockBasedCompensation_zsxGFBIpRSo5" style="font: 10pt Times New Roman, Times, Serif; margin: 6.15pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_86F_z4iBX1rEKRJ">Stock-Based Compensation</span> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The Company recognized stock-based compensation expense associated with granted stock options. The Company accounts for forfeitures of equity-based incentive awards as they occur. Stock-based compensation expense related to time-based restricted stock units is based on the price of the common stock on the grant date and recognized as vesting occurs.</span></p> | |
CY2022Q2 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
1400000 | usd |
CY2022Q2 | us-gaap |
Acquisition Cost Ratio
AcquisitionCostRatio
|
0.80 | pure |
CY2022 | empr |
Fair Value Measurements
FairValueMeasurements
|
<p id="xdx_848_ecustom--FairValueMeasurements_zLlxsV88R4fi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_865_zi2dZEuFCnM">Fair Value Measurements</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The three-level fair value hierarchy for disclosure of fair value measurements defined by ASC Topic 820 is as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5.9pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 5.7pt; margin-bottom: 0; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 6.05pt; margin-bottom: 0; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">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 some level 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 years ended December 31, 2022 and 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><i>Impairment of oil and natural gas properties - </i>The fair value of proved and unproved oil and natural gas properties was measured using valuation techniques that convert the future cash flows to a single discounted amount. Significant inputs to the valuation of proved and unproved oil and natural gas properties include estimates of: (i) recoverable reserves; (ii) production rates; (iii) future operating and development costs; (iv) future commodity prices; and (v) a market-based weighted average costs of capital. The Company utilized a combination of the New York Mercantile Exchange ("NYMEX") strip pricing and consensus pricing to value the reserves, then applied various discount rates depending on the classification of reserves and other risk characteristics. For significant acquisitions, management utilized the assistance of a third-party valuation expert to estimate the value of the oil and natural gas properties acquired.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The fair value of asset retirement obligations is included in proved oil and natural gas properties with a corresponding liability. The fair value was determined based on a discounted cash flow model, which included assumptions of the estimated current abandonment costs, discount rate, inflation rate and timing associated with the incurrence of these costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The inputs used to value oil and natural gas properties for impairments and asset retirement obligations require significant judgment and estimates made by management and represent Level 3 inputs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">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.</span></p> | |
CY2022 | empr |
Related Party Transactions
RelatedPartyTransactions
|
<p id="xdx_844_ecustom--RelatedPartyTransactions_zMEtQYqCay41" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><span id="xdx_863_zRr8tsmJOKfa">Related Party Transactions</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">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.</span></p> | |
CY2022Q4 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
52831131 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
|
44189360 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
2865556 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Unproved Properties
CapitalizedCostsUnprovedProperties
|
2724966 | usd |
CY2022Q4 | empr |
Capitalized Costs Work In Process
CapitalizedCostsWorkInProcess
|
8289652 | usd |
CY2021Q4 | empr |
Capitalized Costs Work In Process
CapitalizedCostsWorkInProcess
|
0 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
|
63986339 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
|
46914326 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
|
20116696 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
|
17525918 | usd |
CY2022Q4 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
|
43869643 | usd |
CY2021Q4 | us-gaap |
Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
|
29388408 | usd |
CY2022Q2 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
233659 | usd |
CY2022 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
1300000 | usd |
CY2022 | empr |
Schedule Of Operating Lease Tabletextblock
ScheduleOfOperatingLeaseTabletextblock
|
<p id="xdx_89C_ecustom--ScheduleOfOperatingLeaseTabletextblock_zibG2uOQZaF8" style="font: 10pt Times New Roman, Times, Serif; margin: 3pt 0 9pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Other property and equipment consists of operating lease assets, vehicles, office furniture, and equipment with lives ranging from three to five years. <span id="xdx_8BD_zzhXsmsOd1le">The capitalized costs of other property and equipment as of December 31, 2022 and 2021 are as follows:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"/></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </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="width: 52%; text-align: left">Other property and equipment, at cost</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--PropertyPlantAndEquipmentOther_iI_c20221231_zlj0ZfadhrRg" style="width: 15%; text-align: right">1,878,325</td><td style="width: 1%; text-align: left"> </td><td style="width: 6%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentOther_iI_c20211231_z61N9gJmZTz8" style="width: 15%; text-align: right">1,547,325</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Less: accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentOtherAccumulatedDepreciation_iNI_di_c20221231_zE2DFXgYRkD9" style="border-bottom: Black 1pt solid; text-align: right">(436,796</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentOtherAccumulatedDepreciation_iNI_di_c20211231_z7x01C0mJUS7" style="border-bottom: Black 1pt solid; text-align: right">(258,714</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt">Oher property and equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentOtherNet_iI_dxL_c20211231_zp5nwEQ6jqgg" style="border-bottom: Black 2.5pt double; text-align: right" title="::XDX::1288611"><span style="-sec-ix-hidden: xdx2ixbrl0684">1,441,529</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentOtherNet_iI_c20211231_zF4vxTe8gba9" style="border-bottom: Black 2.5pt double; text-align: right">1,288,611</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
1878325 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
1547325 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
436796 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
258714 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
1288611 | usd |
CY2022 | empr |
Purchase Of Performance Bond
PurchaseOfPerformanceBond
|
5000000 | usd |
CY2021Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
3750000 | usd |
CY2021Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
3750000 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.04 | pure |
CY2022 | empr |
Monthly Payment
MonthlyPayment
|
160000 | usd |
CY2022Q2 | empr |
Monthly Payment
MonthlyPayment
|
5450000 | usd |
CY2022 | empr |
Collateral
Collateral
|
2000000 | usd |
CY2022 | empr |
Schedule Of Purchase And Sales Of Agreementtabletextblock
ScheduleOfPurchaseAndSalesOfAgreementtabletextblock
|
<p id="xdx_894_ecustom--ScheduleOfPurchaseAndSalesOfAgreementtabletextblock_zNQw3GGmBVk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_8BB_zplQy75QvLve">The following table sets forth the Company's purchase price allocation:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 60%; 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_98C_eus-gaap--OilAndGasPropertyFullCostMethodNet_iI_c20221231__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfAssetsAcquiredMember_z9DbJURM9Dfl" style="width: 18%; text-align: right">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 of oil in tanks</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--InventoryNet_iI_c20221231__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfAssetsAcquiredMember_z8IuzGTguXxj" style="text-align: right">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_98E_ecustom--VehiclesGross_iI_c20221231__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfAssetsAcquiredMember_zYpISjI7emZ9" 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_98C_eus-gaap--AssetRetirementObligationLegallyRestrictedAssetsFairValue_iI_c20221231__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfAssetsAcquiredMember_zInhOQDkokE3" style="border-bottom: Black 1pt solid; text-align: right">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_988_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iI_c20221231__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfAssetsAcquiredMember_zFiBZRfd3UGi" style="border-bottom: Black 1pt solid; text-align: right">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_981_ecustom--RoyaltySuspense_iI_c20221231__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfLiabilitiesAcquiredMember_z7K0VtjrHRyh" 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_98D_eus-gaap--AssetRetirementObligation_iI_c20221231__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfLiabilitiesAcquiredMember_zCm7MHe95v8f" style="border-bottom: Black 1pt solid; text-align: right">6,117,709</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: left">Total liabilities assumed</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_ecustom--FairValueNetLiability_iI_c20221231__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfLiabilitiesAcquiredMember_zRkgyOr4M5y4" 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> </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="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_987_eus-gaap--BusinessAcquisitionCostOfAcquiredEntityTransactionCosts_iI_c20221231__us-gaap--FairValueByAssetClassAxis__custom--PreliminaryFairValueOfLiabilitiesAcquiredMember_zLtwbt8sNt0j" style="border-bottom: Black 2.5pt double; text-align: right">17,869,779</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> | |
CY2022 | empr |
Joint Devlopment Agreement Disclosure Textblock
JointDevlopmentAgreementDisclosureTextblock
|
<p id="xdx_802_ecustom--JointDevlopmentAgreementDisclosureTextblock_zbHzdWbf7sBk" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"><b>Note 5 – <span id="xdx_82E_z88nb7PjVhDb">Joint Development Agreement</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">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 12), 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_908_eus-gaap--LoansPayable_iI_c20221231_zAa8d84uNCS5" title="Loan from related party">2,000,000</span>, at an interest rate of <span id="xdx_902_eus-gaap--DebtInstrumentInterestRateDuringPeriod_pid_dp_uPure_c20220101__20221231_zkUNb7KpQfZe">6</span>% per annum, maturing <span id="xdx_904_eus-gaap--DebtInstrumentMaturityDate_dd_c20220101__20221231_zrCFGwUjLms4" 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. As of December 31, 2022 and 2021 approximately $<span id="xdx_90E_eus-gaap--ProceedsFromLoanOriginations1_c20220101__20221231_zy8HsqotCLf8" title="Proceeds from loan">1,100,000</span> and $<span id="xdx_909_eus-gaap--ProceedsFromLoanOriginations1_c20210101__20211231_zV5YdTPNnSN9" title="Proceeds from loan">800,000</span>, respectively was outstanding on this loan and is included in Long Term Notes Payable on the Consolidated Balance Sheet. <span id="xdx_90B_ecustom--DescriptionOfWorkingAndRevenueInterests_c20220101__20221231_z0lBcTscUX5l" 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; an assignment was completed in October 2020 for the initial three 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 (See Note 8)</span>. 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. <span style="background-color: white">In the third quarter of 2022, a $<span id="xdx_90B_ecustom--LeaseOperatingExpense_pn5n6_c20220101__20221231_z6Y34TwrVb67" title="Lease operating expense">1.4</span> million long-term asset that had previously been recorded as an offset to the note payable was expensed to workovers within Lease Operating Expense on the Consolidated Statements of Operations. </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">In addition, <span id="xdx_909_ecustom--DescriptionOfSecurityPurchaseAgreement_c20220101__20221231__us-gaap--PlanNameAxis__custom--SecurityPurchaseAgreementMember_z1PleHfnsaNg" title="Description of security purchase agreement">PIE and Empire entered into a Securities Purchase Agreement (“Securities Agreement”) whereby 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 of its warrants for an aggregate exercise price of $<span id="xdx_90F_ecustom--AggregateExercisePrice_c20210310__20210311__us-gaap--PlanNameAxis__custom--SecurityPurchaseAgreementMember_zpKHZPfGzAl5" title="Aggregate exercise price">3,349,052</span>.</span></p> <p style="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> | |
CY2022Q4 | us-gaap |
Loans Payable
LoansPayable
|
2000000 | usd |
CY2022 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.06 | pure |
CY2022 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2024-08-07 | |
CY2022 | us-gaap |
Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
|
1100000 | usd |
CY2021 | us-gaap |
Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
|
800000 | usd |
CY2022 | empr |
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; an assignment was completed in October 2020 for the initial three 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 (See Note 8) | |
CY2022 | empr |
Lease Operating Expense
LeaseOperatingExpense
|
1400000 | usd |
CY2022 | empr |
Asset Retirement Obligations Beginning Of Period
AssetRetirementObligationsBeginningOfPeriod
|
20640599 | usd |
CY2021 | empr |
Asset Retirement Obligations Beginning Of Period
AssetRetirementObligationsBeginningOfPeriod
|
15364217 | usd |
CY2022 | us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
502539 | usd |
CY2021 | us-gaap |
Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
|
6117709 | usd |
CY2022 | empr |
Revision To Estimates
RevisionToEstimates
|
2660653 | usd |
CY2021 | empr |
Revision To Estimates
RevisionToEstimates
|
-2055806 | usd |
CY2022 | empr |
Liabilities Settled
LiabilitiesSettled
|
-160957 | usd |
CY2022 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
1357906 | usd |
CY2021 | us-gaap |
Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
|
1214479 | usd |
CY2022Q4 | empr |
Asset Retirement Obligation End Of Period
AssetRetirementObligationEndOfPeriod
|
25000740 | usd |
CY2021Q4 | empr |
Asset Retirement Obligation End Of Period
AssetRetirementObligationEndOfPeriod
|
20640599 | usd |
CY2022 | empr |
Net Cash Receipts From Payments On Derivatives
NetCashReceiptsFromPaymentsOnDerivatives
|
-259696 | usd |
CY2021 | empr |
Net Cash Receipts From Payments On Derivatives
NetCashReceiptsFromPaymentsOnDerivatives
|
-835441 | usd |
CY2022 | empr |
Schedule Of Unamortize Expense Table Textblock
ScheduleOfUnamortizeExpenseTableTextblock
|
<p id="xdx_892_ecustom--ScheduleOfUnamortizeExpenseTableTextblock_zQ23d2duQ4o" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><span id="xdx_8B1_zJVrhblB01S6">The following table represents the Company’s outstanding debt.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt; font-weight: bold"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="width: 52%; text-align: left">Senior Revolver Loan Agreement</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_ecustom--NotesPayableCurrentNonCurrent_iI_c20221231__us-gaap--PlanNameAxis__custom--SeniorRevolverLoanAgreementMember_zvqbGpE9R7r1" style="width: 15%; text-align: right" title="Total Debt">5,869,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 6%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_ecustom--NotesPayableCurrentNonCurrent_iI_c20211231__us-gaap--PlanNameAxis__custom--SeniorRevolverLoanAgreementMember_zoa9DbtoVxa" style="width: 15%; text-align: right" title="Total Debt">7,069,500</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><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">Long Term Note Payable – Related Party</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--LongTermDebtCurrent_iI_c20221231__us-gaap--PlanNameAxis__custom--LongTermNotePayableMember_zjjvBZ0g3cOi" style="text-align: right" title="Long-Term Debt, Current Maturities">1,076,987</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--LongTermDebtCurrent_iI_c20211231__us-gaap--PlanNameAxis__custom--LongTermNotePayableMember_zjzUtto0gzal" style="text-align: right" title="Long-Term Debt, Current Maturities">797,010</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><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_903_ecustom--EquipmentAndVehicleNotes_iI_pid_dp_uPure_c20221231__srt--RangeAxis__srt--MinimumMember_zNZ4UtEuFM2h" title="Equipment and vehicle notes">0</span>% to <span id="xdx_90D_ecustom--EquipmentAndVehicleNotes_iI_pid_dp_uPure_c20221231__srt--RangeAxis__srt--MaximumMember_z5Cv7CbthQ5h">6.99</span>% interest rates, due in 2025 to 2027 with monthly payments ranging from $<span id="xdx_90E_ecustom--MonthlyPayments_iI_c20221231__srt--RangeAxis__srt--MinimumMember_zcFVlzs5b0X7" title="monthly payments">400</span> to $<span id="xdx_90A_ecustom--MonthlyPayments_iI_c20221231__srt--RangeAxis__srt--MaximumMember_z8nulAHbVJB1">1,400</span> per month</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--NotesPayableCurrentNonCurrent_iI_c20221231__us-gaap--PlanNameAxis__custom--VariousVehicleandEquipmentLoansMember_zzTr2qlI4hPk" style="text-align: right" title="Notes payable current non current">252,924</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--NotesPayableCurrentNonCurrent_iI_c20211231__us-gaap--PlanNameAxis__custom--VariousVehicleandEquipmentLoansMember_zxCJMdhpsxlj" style="text-align: right" title="Notes payable current non current">305,739</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><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-indent: -10pt; padding-left: 10pt; text-align: left; padding-bottom: 1pt">Note Payable to Insurance Provider, bears <span id="xdx_903_ecustom--NotePayableToInsuranceProvider_iI_pid_dp_uPure_c20221231_zUDFioZb07V9" title="Note Payable to Insurance Provider">3.63</span>% interest, matures November 2022, monthly payments of principal and interest of $<span id="xdx_908_ecustom--MonthlyPaymentsOfPrincipalAndInterest_iI_c20221231_zcKpPozi542e" title="Monthly payments of principal and interest">50,083</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_ecustom--NotesPayableCurrentNonCurrent_iI_c20221231__us-gaap--PlanNameAxis__custom--NotePayableToInsuranceMember_zrX0Vc19VFg1" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0831">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_ecustom--NotesPayableCurrentNonCurrent_iI_c20211231__us-gaap--PlanNameAxis__custom--NotePayableToInsuranceMember_zqT0Ip8hd0Yb" style="border-bottom: Black 1pt solid; text-align: right">442,515</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Total Debt</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--TotalDebtCurrentnoncurrent_iI_c20221231_zDzvfkXte2C4" style="text-align: right" title="Total Debt">7,199,411</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--TotalDebtCurrentnoncurrent_iI_c20211231_zV2dQQJSH1A8" style="text-align: right" title="Total Debt">8,614,764</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left">Less: Current Maturities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--NotesPayableCurrentMaturities_iI_c20221231_zFeRYqX8tcKe" style="text-align: right" title="Current maturities">(2,059,309</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_ecustom--NotesPayableCurrentMaturities_iI_c20211231_zx2DURLQSF6f" style="text-align: right" title="Current maturities">(1,700,663</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Less: Long Term Note Payable – Related Party</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--LongTermNotesPayable_iNI_di_c20221231_zaUVd4bi2pA8" style="border-bottom: Black 1pt solid; text-align: right" title="Less Long Term Note Payable">(1,076,987</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--LongTermNotesPayable_iNI_di_c20211231_zV9ufQSWuRAl" style="border-bottom: Black 1pt solid; text-align: right">(797,010</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">Long-Term Debt</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--LongTermDebtCurrent_iI_c20221231_zWfddqIuPeB9" style="border-bottom: Black 2.5pt double; text-align: right" title="Long Term Debt">4,063,115</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--LongTermDebtCurrent_iI_c20211231_zYOZozHh90C" style="border-bottom: Black 2.5pt double; text-align: right">6,117,091</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> | |
CY2022Q4 | empr |
Note Payable To Insurance Provider
NotePayableToInsuranceProvider
|
0.0363 | pure |
CY2022Q4 | empr |
Monthly Payments Of Principal And Interest
MonthlyPaymentsOfPrincipalAndInterest
|
50083 | usd |
CY2022Q4 | empr |
Total Debt Currentnoncurrent
TotalDebtCurrentnoncurrent
|
7199411 | usd |
CY2021Q4 | empr |
Total Debt Currentnoncurrent
TotalDebtCurrentnoncurrent
|
8614764 | usd |
CY2022Q4 | empr |
Notes Payable Current Maturities
NotesPayableCurrentMaturities
|
-2059309 | usd |
CY2021Q4 | empr |
Notes Payable Current Maturities
NotesPayableCurrentMaturities
|
-1700663 | usd |
CY2022Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
1076987 | usd |
CY2021Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
797010 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
4063115 | usd |
CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
6117091 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
5530677 | usd |
CY2022Q4 | empr |
Derivative Fair Value Of Derivative Revalued
DerivativeFairValueOfDerivativeRevalued
|
5437746 | usd |
CY2022 | empr |
Stock Issued During Period Shares Issued For Services Closing Fee
StockIssuedDuringPeriodSharesIssuedForServicesClosingFee
|
375000 | shares |
CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
540000 | usd |
CY2022 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
267000 | usd |
CY2022 | empr |
Cash Paid
CashPaid
|
68000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
978548 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
779183 | usd |
CY2022Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
256975 | usd |
CY2021Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
180105 | usd |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
547692 | usd |
CY2021Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
646311 | usd |
CY2022Q4 | empr |
Totalrightofuseleaseliabilities
Totalrightofuseleaseliabilities
|
804667 | usd |
CY2021Q4 | empr |
Totalrightofuseleaseliabilities
Totalrightofuseleaseliabilities
|
826416 | usd |
CY2022Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
|
309095 | usd |
CY2022Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
|
309808 | usd |
CY2022Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
|
231573 | usd |
CY2022Q4 | empr |
Capital Leases Future Minimum Payments Due In Six Years
CapitalLeasesFutureMinimumPaymentsDueInSixYears
|
37200 | usd |
CY2022Q4 | empr |
Capital Leases Future Minimum Payments Due In Seven Years
CapitalLeasesFutureMinimumPaymentsDueInSevenYears
|
12400 | usd |
CY2022Q4 | us-gaap |
Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
|
900076 | usd |
CY2022Q4 | us-gaap |
Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
|
95409 | usd |
CY2022Q4 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
804667 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
190000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2022 | us-gaap |
Preferred Stock Voting Rights
PreferredStockVotingRights
|
the voting rights of the Series A Voting Preferred Stock are contingent upon the Initial Holder and Permitted Transferees (collectively, the “Series A Holders”) holding together at least 3,000,000 shares of the Company’s outstanding common stock. | |
CY2020Q3 | us-gaap |
Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
|
2034129 | shares |
CY2022 | empr |
Free Interest Rate
FreeInterestRate
|
0.14 | pure |
CY2022Q4 | empr |
Issuance Of Warrant To Purchase Common Stock
IssuanceOfWarrantToPurchaseCommonStock
|
589194 | usd |
CY2019Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
812500 | usd |
CY2019Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
406250 | shares |
CY2021Q3 | empr |
Options Granted
OptionsGranted
|
187500 | shares |
CY2022Q1 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
1200000 | usd |
CY2022 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
1971000 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
224288 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
15.42 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
224288 | shares |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
15.42 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
15.42 | |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
18600000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
|
4789586 | usd |
CY2020Q4 | empr |
Outstanding At Beginning
OutstandingAtBeginning
|
2500000 | shares |
CY2020Q4 | empr |
Weighted Average Exercise Price Beginning
WeightedAverageExercisePriceBeginning
|
1.36 | |
CY2021 | empr |
Options Granted
OptionsGranted
|
187500 | shares |
CY2021 | empr |
Weighted Average Exercise Pricegranted
WeightedAverageExercisePricegranted
|
12.20 | |
CY2021 | empr |
Stock Issued During Period Shares Stock Options Expired
StockIssuedDuringPeriodSharesStockOptionsExpired
|
246800 | shares |
CY2021 | empr |
Share Based Compensation Arrangements By Share Based Payment Award Options Granted In Period Weighted Average Expired Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantedInPeriodWeightedAverageExpiredPrice
|
1.36 | |
CY2021Q4 | empr |
Outstanding At Beginning
OutstandingAtBeginning
|
2440700 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.19 | |
CY2022 | empr |
Options Granted
OptionsGranted
|
249000 | shares |
CY2022 | empr |
Weighted Average Exercise Pricegranted
WeightedAverageExercisePricegranted
|
11.80 | |
CY2022 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
310000 | shares |
CY2022 | empr |
Share Based Compensation Arrangements By Share Based Payment Award Options Granted In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantedInPeriodWeightedAverageExercisePrice
|
1.34 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2379700 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
3.31 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2379700 | shares |
CY2022Q4 | empr |
Options Exercisable Weighted Average Exercise Price
OptionsExercisableWeightedAverageExercisePrice
|
2.97 | |
CY2022Q4 | empr |
Options Exercisable Ending
OptionsExercisableEnding
|
2068200 | shares |
CY2022Q4 | empr |
Options Exercisable Weighted Average Exercise Price Ending
OptionsExercisableWeightedAverageExercisePriceEnding
|
1.76 | |
CY2022Q4 | empr |
Current
Current
|
208898 | usd |
CY2022Q4 | empr |
Tax Provision Benefit As Reported
TaxProvisionBenefitAsReported
|
208898 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
|
5341256 | usd |
CY2021Q4 | empr |
Oil And Gas Properties
OilAndGasProperties
|
1239723 | usd |
CY2022Q4 | empr |
Deferred Tax Assets Other1
DeferredTaxAssetsOther1
|
7341 | usd |
CY2021Q4 | empr |
Deferred Tax Assets Other1
DeferredTaxAssetsOther1
|
8036 | usd |
CY2022Q4 | empr |
Stocks Option Grants
StocksOptionGrants
|
1369105 | usd |
CY2021Q4 | empr |
Stocks Option Grants
StocksOptionGrants
|
796188 | usd |
CY2022Q4 | empr |
Assets Retirement Obligation
AssetsRetirementObligation
|
6616407 | usd |
CY2021Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
27210 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
-436477 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
13218916 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
7412413 | usd |
CY2022Q4 | empr |
Oil And Gas Properties2
OilAndGasProperties2
|
-5552159 | usd |
CY2022Q4 | empr |
Other Property Plant And Equipment
OtherPropertyPlantAndEquipment
|
-171650 | usd |
CY2021Q4 | empr |
Other Property Plant And Equipment
OtherPropertyPlantAndEquipment
|
-459745 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
|
31369 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
-69688 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
5824866 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
459745 | usd |
CY2022Q4 | empr |
Net Deferred Tax Asset Before Valuation Allowance
NetDeferredTaxAssetBeforeValuationAllowance
|
7394050 | usd |
CY2021Q4 | empr |
Net Deferred Tax Asset Before Valuation Allowance
NetDeferredTaxAssetBeforeValuationAllowance
|
6952668 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
7394050 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
6952668 | usd |
CY2022 | empr |
Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount1
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Amount1
|
1531536 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
21.0 | pure |
CY2021 | empr |
Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount1
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Amount1
|
-3909142 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
21.0 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
350632 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.049 | pure |
CY2021 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
-893518 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.048 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
21052 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
0.003 | pure |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
3503996 | usd |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
-0.188 | pure |
CY2022 | empr |
Income Tax Reconciliation Return To Accrual
IncomeTaxReconciliationReturnToAccrual
|
-2135704 | usd |
CY2022 | empr |
Effective Income Tax Rate Reconciliation Return To Accruel Percentage
EffectiveIncomeTaxRateReconciliationReturnToAccruelPercentage
|
-0.293 | pure |
CY2022 | empr |
Income Tax Reconciliation Valuation Allowance
IncomeTaxReconciliationValuationAllowance
|
441382 | usd |
CY2022 | empr |
Valuation Allowance
ValuationAllowance
|
6.1 | pure |
CY2021 | empr |
Income Tax Reconciliation Valuation Allowance
IncomeTaxReconciliationValuationAllowance
|
1298664 | usd |
CY2021 | empr |
Valuation Allowance
ValuationAllowance
|
-7.0 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
208898 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.03 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0 | pure |
CY2022Q4 | empr |
Valuation Allowances
ValuationAllowances
|
7400000 | usd |
CY2021Q4 | empr |
Valuation Allowances
ValuationAllowances
|
7000000.0 | usd |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2440700 | shares |
CY2022 | us-gaap |
Loss Contingency Period Of Occurrence
LossContingencyPeriodOfOccurrence
|
528,000 | |
CY2022 | empr |
Remit Payment
RemitPayment
|
528000 | usd |
CY2022 | us-gaap |
Concentration Risk Percentage1
ConcentrationRiskPercentage1
|
0.68 | pure |
CY2021 | us-gaap |
Concentration Risk Percentage1
ConcentrationRiskPercentage1
|
0.63 | pure |