$EP
Empire Petroleum Corp Stock $ep

$ep Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000107261324000353 Filed on March 28, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$9.387M	$11.17M	$40.08M
YoY Change	-6.62%	31.26%	-24.22%
Cost Of Revenue	$8.221M	$8.729M	$31.67M
YoY Change	12.95%	68.65%	15.05%
Gross Profit	$1.166M	$2.439M	$8.406M
YoY Change	-57.95%	-26.82%	-66.85%
Gross Profit Margin	12.43%	21.84%	20.98%
Selling, General & Admin	$3.589M	$5.247M	$14.67M
YoY Change	-0.66%	40.15%	19.0%
% of Gross Profit	307.71%	215.14%	174.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$59.00K	$1.035M	$3.097M
YoY Change	-89.52%	99.28%	58.86%
% of Gross Profit	5.06%	42.44%	36.84%
Operating Expenses	$13.79M	$6.761M	$51.70M
YoY Change	12.3%	46.6%	17.23%
Operating Profit	-$4.398M	-$4.322M	-$11.63M
YoY Change	97.87%	237.82%	-232.34%
Interest Expense	-$315.1K	-$328.5K	-$1.000M
YoY Change	32.76%	103.02%	96.34%
% of Operating Profit
Other Income/Expense, Net	-$315.0K	$470.00	-$1.000M
YoY Change	32.76%	-99.84%	96.34%
Pretax Income	-$3.975M	-$4.795M	-$12.60M
YoY Change	61.62%	130.46%	-272.79%
Income Tax		$2.530K	-$132.2K
% Of Pretax Income
Net Earnings	-$3.975M	-$4.797M	-$12.47M
YoY Change	61.62%	109.54%	-276.02%
Net Earnings / Revenue	-42.35%	-42.96%	-31.11%
Basic Earnings Per Share	-$0.15		-$0.55
Diluted Earnings Per Share	-$0.15	-$0.20	-$0.55
COMMON SHARES
Basic Shares Outstanding	25.62M shares	22.89M shares	22.72M shares
Diluted Shares Outstanding	25.69M shares		22.72M shares

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.491M	$7.793M	$7.793M
YoY Change	-48.38%	-34.76%	-34.76%
Cash & Equivalents	$3.491M	$7.793M	$7.793M
Short-Term Investments
Other Short-Term Assets	$1.251M	$1.164M	$1.164M
YoY Change	-16.98%	-0.49%	-0.49%
Inventory	$1.797M	$1.433M	$1.433M
Prepaid Expenses	$1.251M	$757.5K
Receivables	$7.290M	$8.355M	$8.355M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$13.83M	$18.74M	$18.74M
YoY Change	-18.82%	-17.55%	-17.55%
LONG-TERM ASSETS
Property, Plant & Equipment	$84.32M	$72.40M	$72.40M
YoY Change	79.79%	59.78%	59.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.931M	$1.475M	$1.475M
YoY Change	158.56%	-57.86%	-57.86%
Total Long-Term Assets	$86.25M	$73.87M	$73.87M
YoY Change	81.03%	51.34%	51.34%
TOTAL ASSETS
Total Short-Term Assets	$13.83M	$18.74M	$18.74M
Total Long-Term Assets	$86.25M	$73.87M	$73.87M
Total Assets	$100.1M	$92.62M	$92.62M
YoY Change	54.73%	29.45%	29.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$17.19M	$16.44M	$16.44M
YoY Change	199.9%	181.3%	181.3%
Accrued Expenses	$7.437M	$7.075M	$7.508M
YoY Change	18.41%	-25.22%	-22.74%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$486.5K	$44.23K	$1.104M
YoY Change	-86.47%	-98.91%	-46.38%
Total Short-Term Liabilities	$27.05M	$25.05M	$25.05M
YoY Change	83.35%	42.16%	42.16%
LONG-TERM LIABILITIES
Long-Term Debt	$11.50M	$4.597M	$4.597M
YoY Change	146.44%	-10.57%	-10.57%
Other Long-Term Liabilities	$29.84M	$28.01M	$28.01M
YoY Change	16.28%	9.65%	9.65%
Total Long-Term Liabilities	$41.34M	$32.61M	$32.61M
YoY Change	36.31%	6.26%	6.26%
TOTAL LIABILITIES
Total Short-Term Liabilities	$27.05M	$25.05M	$25.05M
Total Long-Term Liabilities	$41.34M	$32.61M	$32.61M
Total Liabilities	$68.39M	$57.66M	$57.66M
YoY Change	51.7%	19.35%	19.35%
SHAREHOLDERS EQUITY
Retained Earnings	-$68.59M	-$64.62M
YoY Change	25.61%	23.91%
Common Stock	$85.15K	$85.03K
YoY Change	4.31%	4.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$31.69M	$34.96M	$34.96M
YoY Change
Total Liabilities & Shareholders Equity	$100.1M	$92.62M	$92.62M
YoY Change	54.73%	29.45%	29.45%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	-$3.975M	-$4.797M	-$12.47M
YoY Change	61.62%	109.54%	-276.02%
Depreciation, Depletion And Amortization	$59.00K	$1.035M	$3.097M
YoY Change	-89.52%	99.28%	58.86%
Cash From Operating Activities	$3.908M	-$3.930M	-$9.888M
YoY Change	-177.12%	-224.83%	-154.76%
INVESTING ACTIVITIES
Capital Expenditures	$16.97M	$9.124M	$16.99M
YoY Change	658.63%	-0.4%	28.98%
Acquisitions
YoY Change
Other Investing Activities	-$125.2K	-$124.5K	$2.227M
YoY Change	-104.65%	-104.91%	26.37%
Cash From Investing Activities	-$17.10M	-$9.248M	-$14.77M
YoY Change	-3855.29%	39.65%	29.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$61.60K		$6.451M
YoY Change	-89.18%		279.49%
Cash From Financing Activities	$8.888M	9.936M	$20.50M
YoY Change	-1661.74%	-3249.72%	1112.99%
NET CHANGE
Cash From Operating Activities	$3.908M	-3.930M	-$9.888M
Cash From Investing Activities	-$17.10M	-9.248M	-$14.77M
Cash From Financing Activities	$8.888M	9.936M	$20.50M
Net Change In Cash	-$4.301M	-3.242M	-$4.152M
YoY Change	-16.98%	-14.44%	-149.83%
FREE CASH FLOW
Cash From Operating Activities	$3.908M	-$3.930M	-$9.888M
Capital Expenditures	$16.97M	$9.124M	$16.99M
Free Cash Flow	-$13.06M	-$13.05M	-$26.88M
YoY Change	78.87%	117.16%	-650.83%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q4	empr	Sinking Fund Note5 SinkingFundNote5		usd
CY2022Q4	us-gaap	Other Long Term Notes Payable OtherLongTermNotesPayable		usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent		usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2023	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties		usd
CY2023	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties		usd
CY2023	empr	Loss On Xto Final Settlement LossOnXtoFinalSettlement		usd
CY2023	empr	Pierelated Expense See Note5 PierelatedExpenseSeeNote5		usd
CY2022	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt		usd
CY2023Q4	empr	Receivable From Former Ceo ReceivableFromFormerCEO		usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1883211	usd
CY2022Q4	empr	Less Current Portion Included In Accrued Expenses LessCurrentPortionIncludedInAccruedExpenses		usd
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y3M11D
CY2023Q4	empr	Capital Leases Future Minimum Payments Due In Seven Years CapitalLeasesFutureMinimumPaymentsDueInSevenYears		usd
CY2023Q4	us-gaap	Capital Leases Future Minimum Payments Due Thereafter CapitalLeasesFutureMinimumPaymentsDueThereafter		usd
CY2023	empr	Free Interest Rate FreeInterestRate	0.0014	pure
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares		shares
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares		shares
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P4Y11M8D
CY2023Q4	us-gaap	Deferred Tax Assets Deferred Income DeferredTaxAssetsDeferredIncome		usd
CY2022Q4	us-gaap	Deferred Tax Assets Deferred Income DeferredTaxAssetsDeferredIncome		usd
CY2023Q4	empr	Deferred Tax Assets Other1 DeferredTaxAssetsOther1		usd
CY2022Q4	empr	Lease Liabilities LeaseLiabilities		usd
CY2023Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther		usd
CY2023Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2022Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	8670606	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	7394050	usd
CY2022	empr	Nondeductible Expenses NondeductibleExpenses		usd
CY2023	empr	Dilutive Effect Of Outstanding Stock Options And Unvested Restricted Stock DilutiveEffectOfOutstandingStockOptionsAndUnvestedRestrictedStock		shares
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Entity File Number EntityFileNumber	001-16653
CY2023	dei	Entity Registrant Name EntityRegistrantName	EMPIRE PETROLEUM CORPORATION
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	112628653	usd
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	25623674	shares
CY2023	dei	Auditor Firm AuditorFirmId	248
CY2023	dei	Auditor Name AuditorName	GRANT THORNTON LLP
CY2023	dei	Auditor Location AuditorLocation	Tulsa, Oklahoma
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7792508	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	11944442	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	8354636	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7780239	usd
CY2023Q4	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	406806	usd
CY2022Q4	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	121584	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	1433454	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	1840274	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	757500	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1048434	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	18744904	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	22734973	usd
CY2023Q4	us-gaap	Other Oil And Gas Property Successful Effort Method OtherOilAndGasPropertySuccessfulEffortMethod	93509803	usd
CY2022Q4	us-gaap	Other Oil And Gas Property Successful Effort Method OtherOilAndGasPropertySuccessfulEffortMethod	63986339	usd
CY2023Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	22996805	usd
CY2022Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	20116696	usd
CY2023Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	70512998	usd
CY2022Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	43869643	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1883211	usd
CY2022Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1441529	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	72396209	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	45311172	usd
CY2022Q4	empr	Sinking Fund Note5 SinkingFundNote5	2779000	usd
CY2023Q4	empr	Utility And Other Deposits UtilityAndOtherDeposits	1474503	usd
CY2022Q4	empr	Utility And Other Deposits UtilityAndOtherDeposits	719930	usd
CY2023Q4	us-gaap	Assets Assets	92615616	usd
CY2022Q4	us-gaap	Assets Assets	71545075	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	16437219	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	5843366	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	7075302	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	9461010	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	432822	usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	256975	usd
CY2023Q4	us-gaap	Other Long Term Notes Payable OtherLongTermNotesPayable	1060004	usd
CY2023Q4	empr	Current Portion Of Long Term Notes Payable Net Of Discount CurrentPortionOfLongTermNotesPayableNetOfDiscount	44225	usd
CY2022Q4	empr	Current Portion Of Long Term Notes Payable Net Of Discount CurrentPortionOfLongTermNotesPayableNetOfDiscount	2059309	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	25049572	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	17620660	usd
CY2023Q4	us-gaap	Notes And Loans Payable Current NotesAndLoansPayableCurrent	4596775	usd
CY2022Q4	us-gaap	Notes And Loans Payable Current NotesAndLoansPayableCurrent	4063115	usd
CY2022Q4	us-gaap	Notes Payable Current NotesPayableCurrent	1076987	usd
CY2023Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	544382	usd
CY2022Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	547692	usd
CY2023Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	27468427	usd
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	25000740	usd
CY2023Q4	us-gaap	Liabilities Liabilities	57659156	usd
CY2022Q4	us-gaap	Liabilities Liabilities	48309194	usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	6	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	6	shares
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	6	shares
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	6	shares
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	25503530	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	25503530	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	22093503	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	22093503	shares
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	85025	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	99490253	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-64618818	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	34956460	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	92615616	usd
CY2023	empr	Other Revenue OtherRevenue	70480	usd
CY2023	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-65693	usd
CY2023	us-gaap	Revenues Revenues	40076291	usd
CY2023	empr	Operating Operating	28625481	usd
CY2023	empr	Production Taxes ProductionTaxes	3044411	usd
CY2023	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	3096533	usd
CY2023	empr	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	-1756022	usd
CY2022	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	936620	usd
CY2023	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	15178935	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12331489	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	51701382	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	44102711	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	-11625091	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	8784163	usd
CY2023	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1000427	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-509540	usd
CY2023	empr	Other Expense OtherExpense	-23721	usd
CY2022	empr	Other Expense OtherExpense	981595	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-12601797	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	7293028	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-132192	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	208898	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-12469605	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	7084130	usd
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.55
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.34
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.55
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.30
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22718890	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21003563	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22718890	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23387646	shares
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	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	2716752	usd
CY2022	empr	Stock Issued During Period Value Shares And Warrants Issued StockIssuedDuringPeriodValueSharesAndWarrantsIssued	3600840	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-12469605	usd
CY2023	us-gaap	Stock Issued During Period Value Other StockIssuedDuringPeriodValueOther	-2126131	usd
CY2023	us-gaap	Stock Issued During Period Value Purchase Of Assets StockIssuedDuringPeriodValuePurchaseOfAssets	601057	usd
CY2023	empr	Stock Issued During Period Value Shares And Warrants Issued StockIssuedDuringPeriodValueSharesAndWarrantsIssued	2500000	usd
CY2023	empr	Stock Issued During Period Value Issuance Of Shares For Redemption Of Notes StockIssuedDuringPeriodValueIssuanceOfSharesForRedemptionOfNotes	10109312	usd
CY2023	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	9961196	usd
CY2023	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3144750	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	34956460	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-12469605	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	7084130	usd
CY2023	empr	Stock Compensation Expense StockCompensationExpense	3144750	usd
CY2022	empr	Stock Compensation Expense StockCompensationExpense	2716752	usd
CY2023	empr	Amortization Of Right Of Use Assets AmortizationOfRightOfUseAssets	-423689	usd
CY2022	empr	Amortization Of Right Of Use Assets AmortizationOfRightOfUseAssets	-263847	usd
CY2023	empr	Depreciation Depletion Amortization DepreciationDepletionAmortization	3096533	usd
CY2022	empr	Depreciation Depletion Amortization DepreciationDepletionAmortization	1949191	usd
CY2023	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1756022	usd
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	1357906	usd
CY2023	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-65693	usd
CY2022	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-387930	usd
CY2023	empr	Settlement On Or Purchases Of Derivative Instruments SettlementOnOrPurchasesOfDerivativeInstruments	-353695	usd
CY2022	empr	Settlement On Or Purchases Of Derivative Instruments SettlementOnOrPurchasesOfDerivativeInstruments	-260266	usd
CY2022	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	936620	usd
CY2022	empr	Loss On Xto Final Settlement LossOnXtoFinalSettlement	1448363	usd
CY2022	empr	Pierelated Expense See Note5 PierelatedExpenseSeeNote5	-1399030	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2700528	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1812230	usd
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	160827	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	802394	usd
CY2023	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-745648	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	369312	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	751355	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	526682	usd
CY2023	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-3082928	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	3616826	usd
CY2023	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	1103607	usd
CY2022	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	387292	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-9887500	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	18055783	usd
CY2023	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	2094419	usd
CY2022	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	2702613	usd
CY2023	empr	Additions To Oil And Natural Gas Properties AdditionsToOilAndNaturalGasProperties	14546873	usd
CY2022	empr	Additions To Oil And Natural Gas Properties AdditionsToOilAndNaturalGasProperties	10161711	usd
CY2023	us-gaap	Payments For Purchase Of Other Assets1 PaymentsForPurchaseOfOtherAssets1	352851	usd
CY2022	us-gaap	Payments For Purchase Of Other Assets1 PaymentsForPurchaseOfOtherAssets1	311229	usd
CY2023	empr	Cash Paid For Right Of Use Assets CashPaidForRightOfUseAssets	552196	usd
CY2022	empr	Cash Paid For Right Of Use Assets CashPaidForRightOfUseAssets	268934	usd
CY2023	empr	Sinking Fund Deposit SinkingFundDeposit	-2779000	usd
CY2022	empr	Sinking Fund Deposit SinkingFundDeposit	-2031000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-14767339	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11413487	usd
CY2023	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	14492484	usd
CY2023	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	6450774	usd
CY2022	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1699840	usd
CY2023	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	12461195	usd
CY2022	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	3390115	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	20502905	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1690275	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-4151934	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	8332571	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
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	7792508	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	11944442	usd
CY2023	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	650637	usd
CY2022	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	473205	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84D_eus-gaap--UseOfEstimates_zTopdd4ZVHf5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86F_zv2iRbKq1FQ5">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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>, 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.35pt 0 0; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 6.25pt 0 0; text-align: justify">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.</p>
CY2022Q3	us-gaap	Operating Lease Expense OperatingLeaseExpense	1300000	usd
CY2021Q3	us-gaap	Operating Lease Expense OperatingLeaseExpense	797000	usd
CY2023Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables OilAndGasJointInterestBillingReceivables	2784745	usd
CY2022Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables OilAndGasJointInterestBillingReceivables	3060341	usd
CY2023Q4	empr	Joint Interest Billing Receivables JointInterestBillingReceivables	5444331	usd
CY2022Q4	empr	Joint Interest Billing Receivables JointInterestBillingReceivables	2057719	usd
CY2022Q4	empr	Receivable From Former Ceo ReceivableFromFormerCEO	2130614	usd
CY2023Q4	us-gaap	Other Receivables OtherReceivables	125560	usd
CY2022Q4	us-gaap	Other Receivables OtherReceivables	531565	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	8354636	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7780239	usd
CY2023	empr	Stock Based Compensation StockBasedCompensation	<p id="xdx_84E_ecustom--StockBasedCompensation_zDFJh6nUSBCl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><b><span id="xdx_863_zWusgYUdlmCb">Stock-Based Compensation</span> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 0 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 5pt 0 0; text-align: justify">The Company recognizes stock-based compensation expense associated with equity-based incentive awards consisting of stock options and restricted stock units. The Company accounts for forfeitures of equity-based incentive awards as they occur. Stock-based compensation expense related to equity-based awards is generally recognized as vesting occurs. See Note 10 for further discussion.</p>
CY2023Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	75346623	usd
CY2022Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	52831131	usd
CY2023Q4	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	3245431	usd
CY2022Q4	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	2865556	usd
CY2023Q4	empr	Capitalized Costs Work In Process CapitalizedCostsWorkInProcess	14917749	usd
CY2022Q4	empr	Capitalized Costs Work In Process CapitalizedCostsWorkInProcess	8289652	usd
CY2023Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	93509803	usd
CY2022Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	63986339	usd
CY2023Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	22996805	usd
CY2022Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	20116696	usd
CY2023Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	70512998	usd
CY2022Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	43869643	usd
CY2023Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2100000	usd
CY2023Q3	us-gaap	Stock Issued During Period Shares Acquisitions StockIssuedDuringPeriodSharesAcquisitions	67000	shares
CY2023Q3	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	601000	usd
CY2023Q3	us-gaap	Business Acquisition Description Of Acquired Entity BusinessAcquisitionDescriptionOfAcquiredEntity	The Company has the right to extend the initial one-year Purchase Option period for two successive one-year periods by agreeing to issue an additional 42,000 shares of common stock prior to the end of the one-year period then in effect.
CY2022	empr	Impairment Expense ImpairmentExpense	936000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	1400000	usd
CY2022Q2	us-gaap	Acquisition Cost Ratio AcquisitionCostRatio	0.80	pure
CY2022Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	233659	usd
CY2022	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	1300000	usd
CY2023	empr	Schedule Of Operating Lease Tabletextblock ScheduleOfOperatingLeaseTabletextblock	<p id="xdx_899_ecustom--ScheduleOfOperatingLeaseTabletextblock_zMzlWTTStL6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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_8B9_zMvVkNYOLKv2">The capitalized costs of other property and equipment as of December 31, 2023 and 2022 are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </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">2023</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">2022</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">$</td><td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentOther_iI_c20231231_z5g1uc8Y2rm5" style="width: 15%; text-align: right" title="Other property and equipment, at cost">2,998,018</td><td style="width: 1%; text-align: left"> </td><td style="width: 6%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentOther_iI_c20221231_zEKBCNflyET7" style="width: 15%; text-align: right">1,878,325</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Less: accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentOtherAccumulatedDepreciation_iNI_di_c20231231_zsU0m6yYq964" style="border-bottom: Black 1pt solid; text-align: right" title="Less: accumulated depreciation">(1,114,807</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentOtherAccumulatedDepreciation_iNI_di_c20221231_zDL9HCM4kTb3" style="border-bottom: Black 1pt solid; text-align: right">(436,796</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 2.5pt">Oher property and equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentOtherNet_iI_dxL_c20231231_zyx4SSPFrfzc" style="border-bottom: Black 2.5pt double; text-align: right" title="Other property and equipment, net::XDX::1883211"><span style="-sec-ix-hidden: xdx2ixbrl0611">1,883,211</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_98D_eus-gaap--PropertyPlantAndEquipmentOtherNet_iI_c20221231_zwEMb4KZXyki" style="border-bottom: Black 2.5pt double; text-align: right">1,441,529</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-size: 10pt"></span></p>
CY2023Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	2998018	usd
CY2022Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	1878325	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	1114807	usd
CY2022Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	436796	usd
CY2022Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1441529	usd
CY2023	empr	Joint Devlopment And Shared Services Agreements Disclosure JointDevlopmentAndSharedServicesAgreementsDisclosure	<p id="xdx_805_ecustom--JointDevlopmentAndSharedServicesAgreementsDisclosure_zKepiSSJrMsf" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Note 4 –<span id="xdx_82A_zjekAHAgh416"> Joint Development and Shared Services Agreements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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, 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_906_eus-gaap--LoansPayable_iI_c20231231_zipDOnHHtIRl" title="Loan from related party">2,000,000</span>, at an interest rate of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateDuringPeriod_pid_dp_uPure_c20230101__20231231_z3TFV8eucITh" title="Interest rate">6</span>% per annum, maturing<span id="xdx_903_eus-gaap--DebtInstrumentMaturityDate_dd_c20230101__20231231_zkF82s8k2mzl" 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, 2023 and 2022 approximately $<span id="xdx_90A_eus-gaap--ProceedsFromLoanOriginations1_c20230101__20231231_zsUq6twdOZ5g" title="Proceeds from loan"><span id="xdx_901_eus-gaap--ProceedsFromLoanOriginations1_c20220101__20221231_zrLRMLepQVrj" title="Proceeds from loan">1,100,000</span></span> was outstanding on this loan and is included in Current Portion of Note Payable – Related Party and Long-Term Note Payable – Related Party on the Consolidated Balance Sheet, respectively. <span id="xdx_902_ecustom--DescriptionOfWorkingAndRevenueInterests_c20230101__20231231_zm1ALrhEyhI2" 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 7).</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_902_ecustom--LeaseOperatingExpense_pn5n6_c20230101__20231231_zTybxhYfB8ie" 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></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has also entered into a Shared Services Agreement with PIE effective August 1, 2023 that includes access to administrative, engineering and support services as well as building and insurance services. The agreement provides that the Company will reimburse PIE for the out-of-pocket or actual costs incurred by PIE in providing such services to the Company.</p>
CY2023Q4	us-gaap	Loans Payable LoansPayable	2000000	usd
CY2023	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.06	pure
CY2023	us-gaap	Debt Instrument Maturity Date DebtInstrumentMaturityDate	2024-08-07
CY2023	us-gaap	Proceeds From Loan Originations1 ProceedsFromLoanOriginations1	1100000	usd
CY2022	us-gaap	Proceeds From Loan Originations1 ProceedsFromLoanOriginations1	1100000	usd
CY2023	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 7).
CY2023	empr	Lease Operating Expense LeaseOperatingExpense	1400000	usd
CY2023	empr	Asset Retirement Obligations Beginning Of Period AssetRetirementObligationsBeginningOfPeriod	25000740	usd
CY2022	empr	Asset Retirement Obligations Beginning Of Period AssetRetirementObligationsBeginningOfPeriod	20640599	usd
CY2023	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	72000	usd
CY2022	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	502539	usd
CY2023	empr	Revision To Estimates RevisionToEstimates	2303938	usd
CY2022	empr	Revision To Estimates RevisionToEstimates	2660653	usd
CY2023	empr	Liabilities Settled LiabilitiesSettled	-964274	usd
CY2022	empr	Liabilities Settled LiabilitiesSettled	-160957	usd
CY2023	us-gaap	Accretion Expense AccretionExpense	1756023	usd
CY2022	us-gaap	Accretion Expense AccretionExpense	1357906	usd
CY2023Q4	empr	Asset Retirement Obligation End Of Period AssetRetirementObligationEndOfPeriod	28168427	usd
CY2022Q4	empr	Asset Retirement Obligation End Of Period AssetRetirementObligationEndOfPeriod	25000740	usd
CY2023Q4	empr	Less Current Portion Included In Accrued Expenses LessCurrentPortionIncludedInAccruedExpenses	700000	usd
CY2023	empr	Asset Retirement Obligation Longterm AssetRetirementObligationLongterm	27468427	usd
CY2022	empr	Asset Retirement Obligation Longterm AssetRetirementObligationLongterm	25000740	usd
CY2023	empr	Net Cash Receipts From Payments On Derivatives NetCashReceiptsFromPaymentsOnDerivatives	-353695	usd
CY2022	empr	Net Cash Receipts From Payments On Derivatives NetCashReceiptsFromPaymentsOnDerivatives	-260266	usd
CY2023Q4	us-gaap	Capital Leases Future Minimum Payments Due In Two Years CapitalLeasesFutureMinimumPaymentsDueInTwoYears	498654	usd
CY2023	empr	Schedule Of Unamortize Expense Table Textblock ScheduleOfUnamortizeExpenseTableTextblock	<p id="xdx_893_ecustom--ScheduleOfUnamortizeExpenseTableTextblock_ziQNdzeIMLx7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_8BA_zvpOuzNOGRg5">The following table represents the Company’s outstanding debt.</span><span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </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">2023</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">2022</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">Equity Bank Credit Facility</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--DebtCurrent_iI_c20231231__us-gaap--PlanNameAxis__custom--EquityBankCreditFacilityMember_zbxEszSgdNGk" style="width: 15%; text-align: right">4,492,484</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_982_eus-gaap--DebtCurrent_iI_c20221231__us-gaap--PlanNameAxis__custom--EquityBankCreditFacilityMember_zmq71dFwxa4h" style="width: 15%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0696">—</span></td><td style="width: 1%; text-align: left"> </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="text-align: left">CrossFirst Senior Revolver Loan Agreement</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--DebtCurrent_iI_c20231231__us-gaap--PlanNameAxis__custom--CrossFirstSeniorRevolverLoanAgreementMember_z5dP4V3xzOsc" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0697">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--DebtCurrent_iI_c20221231__us-gaap--PlanNameAxis__custom--CrossFirstSeniorRevolverLoanAgreementMember_zd9FH20NTtpj" style="text-align: right">5,869,500</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">Note Payable – Related Party</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--DebtCurrent_iI_c20231231__us-gaap--PlanNameAxis__custom--NotePayableRelatedPartyMember_z3gSQHBcHKX8" style="text-align: right">1,060,004</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--DebtCurrent_iI_c20221231__us-gaap--PlanNameAxis__custom--NotePayableRelatedPartyMember_zWNKSCK3cp9j" style="text-align: right">1,076,987</td><td style="text-align: left"> </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="padding-bottom: 1pt; text-align: left">Equipment and vehicle notes, <span id="xdx_908_ecustom--EquipmentAndVehicleNotes_iI_pid_dp_c20231231__srt--RangeAxis__srt--MinimumMember_zFmkSTbc9vSa" title="Equipment and vehicle notes">0.00</span>% to <span id="xdx_90B_ecustom--EquipmentAndVehicleNotes_iI_pid_dp_c20231231__srt--RangeAxis__srt--MaximumMember_zf1BJXY6rQX1" title="Equipment and vehicle notes">9.00</span>% interest rates, due in 2025 to 2028 with monthly payments ranging from $<span id="xdx_90C_ecustom--MonthlyPayments_iI_c20231231__srt--RangeAxis__srt--MinimumMember_zyElydzPkMO1" title="Monthly payments">900</span> to $<span id="xdx_900_ecustom--MonthlyPayments_iI_c20231231__srt--RangeAxis__srt--MaximumMember_zYis8dqWWxuj" title="Monthly payments">1,400</span> per month</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_eus-gaap--DebtCurrent_iI_c20231231__us-gaap--PlanNameAxis__custom--VariousVehicleandEquipmentLoansMember_zmPO7sfY0CP" style="border-bottom: Black 1pt solid; text-align: right">148,516</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_eus-gaap--DebtCurrent_iI_c20221231__us-gaap--PlanNameAxis__custom--VariousVehicleandEquipmentLoansMember_zdI6eScFSbra" style="border-bottom: Black 1pt solid; text-align: right">252,924</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><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">Total Debt</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--DebtCurrent_iI_c20231231_zEHTnQzGiWr6" style="text-align: right" title="Total Debt">5,701,004</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--DebtCurrent_iI_c20221231_z7qTtYIU5Z6c" style="text-align: right" title="Total Debt">7,199,411</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_985_eus-gaap--LongTermDebtCurrent_iNI_di_c20231231_zXqCEEmhPthf" style="text-align: right" title="Less: Current Maturities">(44,225</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--LongTermDebtCurrent_iNI_di_c20221231_zasjzEZaJpV7" style="text-align: right">(2,059,309</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1pt">Less: 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_984_eus-gaap--LongTermNotesPayable_iNI_di_c20231231_zRaBbnakPM63" style="border-bottom: Black 1pt solid; text-align: right" title="Note Payable Related Party">(1,060,004</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_98F_eus-gaap--LongTermNotesPayable_iNI_di_c20221231_zkTVYyGjUo7" style="border-bottom: Black 1pt solid; text-align: right">(1,076,987</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_986_ecustom--LongTermDebtCurrentOther_iI_c20231231_zE8xtX6WFvz8" style="border-bottom: Black 2.5pt double; text-align: right" title="Long Term Debt">4,596,775</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_989_ecustom--LongTermDebtCurrentOther_iI_c20221231_zO0H1izXlgya" 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></tr> </table>
CY2023Q4	us-gaap	Debt Current DebtCurrent	5701004	usd
CY2022Q4	us-gaap	Debt Current DebtCurrent	7199411	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	44225	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	2059309	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	1060004	usd
CY2022Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	1076987	usd
CY2023Q4	empr	Long Term Debt Current Other LongTermDebtCurrentOther	4596775	usd
CY2022Q4	empr	Long Term Debt Current Other LongTermDebtCurrentOther	4063115	usd
CY2023Q4	us-gaap	Other Commitments Description OtherCommitmentsDescription	entered into a Revolver Loan Agreement with Equity Bank (the "Credit Facility”). Pursuant to the Credit Facility (a) the initial revolver commitment amount is $10,000,000; (b) the maximum revolver commitment amount is $15,000,000; (c) commencing on January 31, 2024, and occurring on the last day of each calendar month thereafter, the revolver commitment amount is reduced by $150,000; (d) commencing on March 31, 2024, there are scheduled semiannual collateral borrowing base redeterminations each year on March 31 and September 30; (e) the final maturity date is December 29, 2026; (f) outstanding borrowings bear interest at a rate equal to the prime rate of interest plus 1.50%, and in no event lower than 8.50%; (g) a quarterly commitment fee is based on the unused portion of the commitments; and (h) Borrowers have the right to prepay loans under the Credit Facility at any time without a prepayment penalty.
CY2023	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	424000	usd
CY2022	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	267000	usd
CY2023	empr	Cash Paid For Right Of Use Leases CashPaidForRightOfUseLeases	404000	usd
CY2022	empr	Cash Paid For Right Of Use Leases CashPaidForRightOfUseLeases	268000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1077031	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	776219	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	432822	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	256975	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	544382	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	547692	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	977204	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	804667	usd
CY2023Q4	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.0856	pure
CY2023Q4	us-gaap	Capital Leases Future Minimum Payments Due In Three Years CapitalLeasesFutureMinimumPaymentsDueInThreeYears	430631	usd
CY2023Q4	us-gaap	Capital Leases Future Minimum Payments Due In Four Years CapitalLeasesFutureMinimumPaymentsDueInFourYears	136545	usd
CY2023Q4	empr	Capital Leases Future Minimum Payments Due In Six Years CapitalLeasesFutureMinimumPaymentsDueInSixYears	12400	usd
CY2023Q4	us-gaap	Capital Leases Future Minimum Payments Due In Five Years CapitalLeasesFutureMinimumPaymentsDueInFiveYears	1078230	usd
CY2023Q4	us-gaap	Capital Leases Future Minimum Payments Interest Included In Payments CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments	101026	usd
CY2023Q4	us-gaap	Capital Lease Obligations CapitalLeaseObligations	977204	usd
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2023Q4	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
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q4	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
CY2023	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.
CY2023	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	1230000	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
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	180430	shares
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	10.33
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares	145700	shares
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue	16.20
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares	54201	shares
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue	14.57
CY2023Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares	204817	shares
CY2023Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue	10.61
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	10.33
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	2286464	shares
CY2023	us-gaap	Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense	874000	usd
CY2022	us-gaap	Deferred Compensation Arrangement With Individual Allocated Share Based Compensation Expense DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense	1458000	usd
CY2023	us-gaap	Unrecognized Tax Benefits Income Tax Penalties Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense	1546000	usd
CY2020Q4	empr	Outstanding At Beginning OutstandingAtBeginning	2440700	shares
CY2020Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.19
CY2021	empr	Options Granted OptionsGranted	249000	shares
CY2021	empr	Weighted Average Exercise Pricegranted WeightedAverageExercisePricegranted	11.80
CY2021	empr	Stock Issued During Period Shares Stock Options Expired StockIssuedDuringPeriodSharesStockOptionsExpired	310000	shares
CY2021	empr	Share Based Compensation Arrangements By Share Based Payment Award Options Granted In Period Weighted Average Expired Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantedInPeriodWeightedAverageExpiredPrice	1.34
CY2022Q4	empr	Outstanding At Beginning OutstandingAtBeginning	2379700	shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	3.31
CY2023	empr	Options Granted OptionsGranted	533000	shares
CY2023	empr	Weighted Average Exercise Pricegranted WeightedAverageExercisePricegranted	10.07
CY2023	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	355000	shares
CY2023	empr	Share Based Compensation Arrangements By Share Based Payment Award Options Granted In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantedInPeriodWeightedAverageExercisePrice	1.35
CY2023	us-gaap	Stock Issued During Period Shares Restricted Stock Award Forfeited StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited	492319	shares
CY2023	empr	Share Based Compensation Arrangements By Share Based Payment Award Options Granted In Period Weighted Average Forfeited Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantedInPeriodWeightedAverageForfeitedPrice	5.42
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2065381	shares
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	4.89
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	2065381	shares
CY2023Q4	empr	Options Exercisable Weighted Average Exercise Price OptionsExercisableWeightedAverageExercisePrice	4.89
CY2023Q4	empr	Options Exercisable Ending OptionsExercisableEnding	1605210	shares
CY2023Q4	empr	Options Exercisable Weighted Average Exercise Price Ending OptionsExercisableWeightedAverageExercisePriceEnding	3.09
CY2023Q4	empr	Current Current	-132192	usd
CY2022Q4	empr	Current Current	208898	usd
CY2023Q4	empr	Tax Provision Benefit As Reported TaxProvisionBenefitAsReported	-132192	usd
CY2022Q4	empr	Tax Provision Benefit As Reported TaxProvisionBenefitAsReported	208898	usd
CY2023	us-gaap	Income Tax Examination Description IncomeTaxExaminationDescription	In the event that an entity has an “ownership change” (as defined in Section 382 of the Internal Revenue Code of 1986, as amended ( “IRC”)), an entity’s federal net operating loss carryforwards (“NOLs”) generated prior to an ownership change would be subject to annual limitations, which could defer or eliminate the Company’s ability to utilize these tax losses against future taxable income. Generally, an “ownership change” occurs if one or more stockholders, each of whom owns 5% or more in value of a corporation’s stock, increase their aggregate percentage ownership by more than 50% over the lowest percentage of stock owned by those stockholders at any time during the preceding three-year period. A full Section 382 analysis was prepared in 2023 and it was determined that our NOLs were subject to limitations under IRC Section 382. The Company's ability to use NOLs and other tax attributes to reduce taxable income and income taxes could be materially impacted by a future IRC 382 ownership change.
CY2023Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	24300000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards	6269503	usd
CY2022Q4	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards	4789586	usd
CY2022Q4	empr	Deferred Tax Assets Other1 DeferredTaxAssetsOther1	7341	usd
CY2023Q4	empr	Stocks Option Grants StocksOptionGrants	2022184	usd
CY2022Q4	empr	Stocks Option Grants StocksOptionGrants	1369105	usd
CY2023Q4	empr	Assets Retirement Obligation AssetsRetirementObligation	7433670	usd
CY2022Q4	empr	Assets Retirement Obligation AssetsRetirementObligation	6616407	usd
CY2023Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	-526873	usd
CY2022Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	-436477	usd
CY2023Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	16252230	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	13218916	usd
CY2023Q4	empr	Oil And Gas Properties2 OilAndGasProperties2	-7327620	usd
CY2022Q4	empr	Oil And Gas Properties2 OilAndGasProperties2	-5552159	usd
CY2023Q4	empr	Other Property Plant And Equipment OtherPropertyPlantAndEquipment	-123915	usd
CY2022Q4	empr	Other Property Plant And Equipment OtherPropertyPlantAndEquipment	-171650	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities Derivatives DeferredTaxLiabilitiesDerivatives	104956	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Derivatives DeferredTaxLiabilitiesDerivatives	31369	usd
CY2023Q4	empr	Lease Liabilities LeaseLiabilities	-25133	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	-69688	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	7581624	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	5824866	usd
CY2023Q4	empr	Net Deferred Tax Asset Before Valuation Allowance NetDeferredTaxAssetBeforeValuationAllowance	8670606	usd
CY2022Q4	empr	Net Deferred Tax Asset Before Valuation Allowance NetDeferredTaxAssetBeforeValuationAllowance	7394050	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	8670606	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	7394050	usd
CY2023	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-2646378	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	1531536	usd
CY2023	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-598191	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.047	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
CY2023	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	31037	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.002	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
CY2023	empr	Income Tax Reconciliation Return To Accrual IncomeTaxReconciliationReturnToAccrual	-72448	usd
CY2023	empr	Effective Income Tax Rate Reconciliation Return To Accruel Percentage EffectiveIncomeTaxRateReconciliationReturnToAccruelPercentage	0.006	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
CY2023	empr	Nondeductible Expenses NondeductibleExpenses	1877230	usd
CY2023	empr	Return To Accruel Percentage ReturnToAccruelPercentage	-0.149	pure
CY2022	empr	Return To Accruel Percentage ReturnToAccruelPercentage	0.000	pure
CY2023	empr	Income Tax Reconciliation Valuation Allowance IncomeTaxReconciliationValuationAllowance	1276558	usd
CY2023	empr	Valuation Allowance ValuationAllowance	-0.101	pure
CY2022	empr	Income Tax Reconciliation Valuation Allowance IncomeTaxReconciliationValuationAllowance	441382	usd
CY2022	empr	Valuation Allowance ValuationAllowance	0.061	pure
CY2023	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	-132192	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	0.010	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	0.029	pure
CY2023Q4	empr	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number1 ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber1	348000	shares
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-12469605	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	7084130	usd
CY2022	empr	Dilutive Effect Of Outstanding Stock Options And Unvested Restricted Stock DilutiveEffectOfOutstandingStockOptionsAndUnvestedRestrictedStock	2384083	shares
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.55
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.34
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.55
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.30
CY2023Q1	us-gaap	Supplemental Unemployment Benefits Severance Benefits SupplementalUnemploymentBenefitsSeveranceBenefits	360000	usd
CY2023Q1	us-gaap	Defined Benefit Plan Number Of Shares Of Equity Securities Issued By Employer And Related Parties Included In Plan Assets DefinedBenefitPlanNumberOfSharesOfEquitySecuritiesIssuedByEmployerAndRelatedPartiesIncludedInPlanAssets	340234	shares
CY2023Q3	us-gaap	Severance Costs1 SeveranceCosts1	145000	usd
CY2023Q3	empr	Vested Options Were Forfeited Resulting In The Reversal VestedOptionsWereForfeitedResultingInTheReversal	576000	usd
CY2023Q4	us-gaap	Securities Purchased Under Agreements To Resell Setoff Rights Description SecuritiesPurchasedUnderAgreementsToResellSetoffRightsDescription	the Company entered into a Securities Purchase Agreement with Phil Mulacek, which agreement was amended on December 1, 2023, pursuant to which Mr. Mulacek purchased from the Company (a) 609,013 shares of common stock of the Company for an aggregate purchase price of $5,000,000 (or $8.21 per share) in cash and (b) 631,832 shares of common stock of the Company for an aggregate purchase price of $5,054,658 (or $8.00 per share) which was paid through cancellation and extinguishment of the outstanding principal amount and all accrued interest thereon under that certain Amended and Restated Promissory Note due December 31, 2024, in the original aggregate principal amount of $5,000,000 issued by Empire North Dakota to Mr. Mulacek.
CY2023	us-gaap	Concentration Risk Percentage1 ConcentrationRiskPercentage1	0.70	pure
CY2022	us-gaap	Concentration Risk Percentage1 ConcentrationRiskPercentage1	0.68	pure

Files In Submission

Name	View Source	Status
0001072613-24-000353-index-headers.html	Edgar Link	pending
0001072613-24-000353-index.html	Edgar Link	pending
0001072613-24-000353.txt	Edgar Link	pending
0001072613-24-000353-xbrl.zip	Edgar Link	pending
empire_form10k123123.htm	Edgar Link	pending
empr-20231231.xsd	Edgar Link	pending
exh21_18813.htm	Edgar Link	pending
exh23-1_18813.htm	Edgar Link	pending
exh23-2_18813.htm	Edgar Link	pending
exh31-1_18813.htm	Edgar Link	pending
exh31-2_18813.htm	Edgar Link	pending
exh32-1_18813.htm	Edgar Link	pending
exh32-2_18813.htm	Edgar Link	pending
exh97_18813.htm	Edgar Link	pending
exh99-1_18813.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	Edgar Link	pending
image_002.jpg	Edgar Link	pending
image_003.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
empr-20231231_cal.xml	Edgar Link	unprocessable
empr-20231231_def.xml	Edgar Link	unprocessable
empr-20231231_lab.xml	Edgar Link	unprocessable
empr-20231231_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
empire_form10k123123_htm.xml	Edgar Link	completed
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$EP
Empire Petroleum Corp Stock $ep

2024 Q1 Form 10-K Financial Statement

#000107261324000353 Filed on March 28, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EP Empire Petroleum Corp Stock $ep

2024 Q1 Form 10-K Financial Statement

#000107261324000353 Filed on March 28, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EP
Empire Petroleum Corp Stock $ep