$EP
Empire Petroleum Corp Stock $ep

$ep Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000107261324000499 Filed on May 15, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$12.80M	$9.387M
YoY Change	31.8%	-6.62%
Cost Of Revenue	$8.608M	$8.221M
YoY Change	10.08%	12.95%
Gross Profit	$4.190M	$1.166M
YoY Change	121.7%	-57.95%
Gross Profit Margin	32.74%	12.43%
Selling, General & Admin	$2.946M	$3.589M
YoY Change	8.5%	-0.66%
% of Gross Profit	70.31%	307.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$64.00K	$59.00K
YoY Change	18.52%	-89.52%
% of Gross Profit	1.53%	5.06%
Operating Expenses	$14.72M	$13.79M
YoY Change	22.58%	12.3%
Operating Profit	-$1.925M	-$4.398M
YoY Change	-16.35%	97.87%
Interest Expense	-$735.2K	-$315.1K
YoY Change	297.65%	32.76%
% of Operating Profit
Other Income/Expense, Net	-$735.2K	-$315.0K
YoY Change	297.66%	32.76%
Pretax Income	-$4.390M	-$3.975M
YoY Change	78.09%	61.62%
Income Tax
% Of Pretax Income
Net Earnings	-$4.390M	-$3.975M
YoY Change	78.09%	61.62%
Net Earnings / Revenue	-34.3%	-42.35%
Basic Earnings Per Share	-$0.15	-$0.15
Diluted Earnings Per Share	-$0.15	-$0.15
COMMON SHARES
Basic Shares Outstanding	30.38M shares	25.62M shares
Diluted Shares Outstanding	29.84M shares	25.69M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$9.258M	$3.491M
YoY Change	614.97%	-48.38%
Cash & Equivalents	$9.258M	$3.491M
Short-Term Investments
Other Short-Term Assets	$788.1K	$1.251M
YoY Change	-47.15%	-16.98%
Inventory	$1.451M	$1.797M
Prepaid Expenses	$788.1K	$1.251M
Receivables	$8.783M	$7.290M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$20.28M	$13.83M
YoY Change	68.75%	-18.82%
LONG-TERM ASSETS
Property, Plant & Equipment	$98.09M	$84.32M
YoY Change	95.5%	79.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.571M	$1.931M
YoY Change	110.28%	158.56%
Total Long-Term Assets	$99.67M	$86.25M
YoY Change	95.72%	81.03%
TOTAL ASSETS
Total Short-Term Assets	$20.28M	$13.83M
Total Long-Term Assets	$99.67M	$86.25M
Total Assets	$119.9M	$100.1M
YoY Change	90.57%	54.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$13.64M	$17.19M
YoY Change	228.04%	199.9%
Accrued Expenses	$8.105M	$7.437M
YoY Change	39.36%	18.41%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$339.8K	$486.5K
YoY Change	-85.33%	-86.47%
Total Short-Term Liabilities	$23.76M	$27.05M
YoY Change	88.57%	83.35%
LONG-TERM LIABILITIES
Long-Term Debt	$8.524M	$11.50M
YoY Change	110.23%	146.44%
Other Long-Term Liabilities	$28.99M	$29.84M
YoY Change	3.65%	16.28%
Total Long-Term Liabilities	$37.51M	$41.34M
YoY Change	17.14%	36.31%
TOTAL LIABILITIES
Total Short-Term Liabilities	$23.76M	$27.05M
Total Long-Term Liabilities	$37.51M	$41.34M
Total Liabilities	$61.27M	$68.39M
YoY Change	37.31%	51.7%
SHAREHOLDERS EQUITY
Retained Earnings	-$72.98M	-$68.59M
YoY Change	27.88%	25.61%
Common Stock	$90.90K	$85.15K
YoY Change	11.33%	4.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$58.67M	$31.69M
YoY Change
Total Liabilities & Shareholders Equity	$119.9M	$100.1M
YoY Change	90.57%	54.73%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	-$4.390M	-$3.975M
YoY Change	78.09%	61.62%
Depreciation, Depletion And Amortization	$64.00K	$59.00K
YoY Change	18.52%	-89.52%
Cash From Operating Activities	-$1.801M	$3.908M
YoY Change	-38.27%	-177.12%
INVESTING ACTIVITIES
Capital Expenditures	$13.29M	$16.97M
YoY Change	675.58%	658.63%
Acquisitions
YoY Change
Other Investing Activities	-$125.2K	-$125.2K
YoY Change	6.53%	-104.65%
Cash From Investing Activities	-$13.42M	-$17.10M
YoY Change	632.63%	-3855.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net		$61.60K
YoY Change		-89.18%
Cash From Financing Activities	20.98M	$8.888M
YoY Change	-3015.11%	-1661.74%
NET CHANGE
Cash From Operating Activities	-1.801M	$3.908M
Cash From Investing Activities	-13.42M	-$17.10M
Cash From Financing Activities	20.98M	$8.888M
Net Change In Cash	5.766M	-$4.301M
YoY Change	-205.44%	-16.98%
FREE CASH FLOW
Cash From Operating Activities	-$1.801M	$3.908M
Capital Expenditures	$13.29M	$16.97M
Free Cash Flow	-$15.09M	-$13.06M
YoY Change	225.85%	78.87%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-68594014	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	31691266	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	100082694	usd
CY2024Q1	empr	Oil And Gas Sales OilAndGasSales	9441964	usd
CY2024Q1	empr	Other Revenue OtherRevenue	10086	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-858150	usd
CY2024Q1	us-gaap	Revenues Revenues	9387241	usd
CY2024Q1	empr	Operating Operating	7387423	usd
CY2024Q1	empr	Production Taxes ProductionTaxes	833447	usd
CY2024Q1	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	1490130	usd
CY2024Q1	empr	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	-485349	usd
CY2024Q1	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges		usd
CY2023Q4	empr	Derivative Instruments And Hedges1 DerivativeInstrumentsAndHedges1		usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent		usd
CY2023Q4	empr	Derivative Instruments And Hedges2 DerivativeInstrumentsAndHedges2		usd
CY2024Q1	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2023Q1	empr	Gain On Financial Derivatives GainOnFinancialDerivatives		usd
CY2024Q1	empr	Sinking Fund Deposit SinkingFundDeposit		usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt		usd
CY2023Q1	empr	Asset Retirement Obligation Addition Of Estimate AssetRetirementObligationAdditionOfEstimate		usd
CY2024Q1	empr	Liabilities Settled LiabilitiesSettled		usd
CY2024Q1	empr	Revision To Estimates RevisionToEstimates		usd
CY2023Q1	empr	Less Current Portion Included In Accrued Expenses LessCurrentPortionIncludedInAccruedExpenses		usd
CY2024Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	7436586	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable		usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y1M6D
CY2024Q1	empr	Capital Leases Future Minimum Payments Due In Seven Years CapitalLeasesFutureMinimumPaymentsDueInSevenYears		usd
CY2023Q1	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther		usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2023Q4	us-gaap	Derivative Instruments And Hedges DerivativeInstrumentsAndHedges	406806	usd
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CY2024Q1	us-gaap	Notes Payable Current NotesPayableCurrent	2970000	usd
CY2024Q1	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	441748	usd
CY2023Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	544382	usd
CY2024Q1	empr	Derivative Instruments And Hedges2 DerivativeInstrumentsAndHedges2	1292000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	28105761	usd
CY2023Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	27468427	usd
CY2024Q1	us-gaap	Liabilities Liabilities	68391428	usd
CY2023Q4	us-gaap	Liabilities Liabilities	57659156	usd
CY2024Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2024Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	6	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	6	shares
CY2024Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	6	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	6	shares
CY2024Q1	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
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	25623674	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	25503530	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	25503530	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	85145	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	85025	usd
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	100200135	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
CY2023Q1	empr	Oil And Gas Sales OilAndGasSales	8938715	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-66823	usd
CY2023Q1	us-gaap	Revenues Revenues	10052245	usd
CY2023Q1	empr	Operating Operating	6520163	usd
CY2023Q1	empr	Production Taxes ProductionTaxes	758114	usd
CY2023Q1	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	622489	usd
CY2023Q1	empr	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	-401275	usd
CY2024Q1	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	2879037	usd
CY2023Q1	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	3023279	usd
CY2024Q1	empr	Share Based Compensations ShareBasedCompensations	710002	usd
CY2023Q1	empr	Share Based Compensations ShareBasedCompensations	949639	usd
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3589039	usd
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3972918	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	13785388	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	12274959	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-4398147	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-2222714	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-315049	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-237299	usd
CY2024Q1	empr	Other Income Expense OtherIncomeExpense	738000	usd
CY2023Q1	empr	Other Income Expense OtherIncomeExpense	422	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3975196	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2459591	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-3975196	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-2459591	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.15
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.11
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.15
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.11
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	25688427	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22096796	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	25688427	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22096796	shares
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	34956460	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-3975196	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	710002	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	31691266	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	23235881	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-2459591	usd
CY2023Q1	empr	Impact Of Former Ceo Settlement ImpactOfFormerCeoSettlement	-2126131	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	949639	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	19599798	usd
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CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-2459591	usd
CY2024Q1	empr	Stock Compensation Expense StockCompensationExpense	710002	usd
CY2023Q1	empr	Stock Compensation Expense StockCompensationExpense	949639	usd
CY2024Q1	empr	Amortization Of Right Of Use Assets AmortizationOfRightOfUseAssets	-135733	usd
CY2023Q1	empr	Amortization Of Right Of Use Assets AmortizationOfRightOfUseAssets	-76225	usd
CY2024Q1	empr	Depreciation Depletion Amortization DepreciationDepletionAmortization	1490130	usd
CY2023Q1	empr	Depreciation Depletion Amortization DepreciationDepletionAmortization	622489	usd
CY2024Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	485349	usd
CY2023Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	401275	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-858150	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-66823	usd
CY2024Q1	empr	Settlement On Or Purchases Of Derivative Instruments SettlementOnOrPurchasesOfDerivativeInstruments	-10700	usd
CY2023Q1	empr	Settlement On Or Purchases Of Derivative Instruments SettlementOnOrPurchasesOfDerivativeInstruments	-41187	usd
CY2024Q1	empr	Gain On Financial Derivatives GainOnFinancialDerivatives	-738000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1064629	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	849909	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	363888	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	420859	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	2398	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-89812	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	4339024	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-213611	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	361284	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-110053	usd
CY2024Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	446430	usd
CY2023Q1	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	3177767	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3907689	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5066714	usd
CY2024Q1	empr	Additions To Oil And Natural Gas Properties AdditionsToOilAndNaturalGasProperties	16940873	usd
CY2023Q1	empr	Additions To Oil And Natural Gas Properties AdditionsToOilAndNaturalGasProperties	2210004	usd
CY2024Q1	us-gaap	Payments For Purchase Of Other Assets1 PaymentsForPurchaseOfOtherAssets1	31023	usd
CY2023Q1	us-gaap	Payments For Purchase Of Other Assets1 PaymentsForPurchaseOfOtherAssets1	27170	usd
CY2024Q1	empr	Cash Paid For Right Of Use Assets CashPaidForRightOfUseAssets	125238	usd
CY2023Q1	empr	Cash Paid For Right Of Use Assets CashPaidForRightOfUseAssets	86545	usd
CY2023Q1	empr	Sinking Fund Deposit SinkingFundDeposit	-2779000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-17097134	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	455281	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	3950000	usd
CY2024Q1	us-gaap	Repayment Of Notes Receivable From Related Parties RepaymentOfNotesReceivableFromRelatedParties	5000000	usd
CY2024Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	61598	usd
CY2023Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	569136	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	8888402	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-569136	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-4301043	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-5180569	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
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	3491465	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	6763873	usd
CY2024Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	179893	usd
CY2023Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	136761	usd
CY2024Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_842_eus-gaap--ConcentrationRiskCreditRisk_zFqwcukWWVmj" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zMeHdOaoFNE2">Concentrations of Credit Risk</span></b></span></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s accounts receivable are primarily receivables from oil and natural gas purchasers and joint interest owners. The purchasers of the Company’s oil and natural gas production consist primarily of independent marketers, major oil and natural gas companies and gas pipeline companies. Historically, the Company has not experienced any significant losses from uncollectible accounts from its oil and natural gas purchasers. The Company operates a substantial portion of its oil and natural gas properties. As the operator of a property, the Company makes full payments for costs associated with the property and seeks reimbursement from the other working interest owners in the property for their share of those costs. Joint operating agreements govern the operations of an oil or natural gas well and, in most instances, provide for offsetting of amounts payable or receivable between the Company and its joint interest owners. The Company’s joint interest partners consist primarily of independent oil and natural gas producers. If the oil and natural gas exploration and production industry in general was adversely affected, the ability of the Company’s joint interest partners to reimburse the Company could be adversely affected.</span></p>
CY2024Q1	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	92634087	usd
CY2023Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	75346623	usd
CY2024Q1	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	3708264	usd
CY2023Q4	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	3245431	usd
CY2024Q1	empr	Capitalized Costs Work In Process CapitalizedCostsWorkInProcess	10678303	usd
CY2023Q4	empr	Capitalized Costs Work In Process CapitalizedCostsWorkInProcess	14917749	usd
CY2024Q1	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	107020654	usd
CY2023Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	93509803	usd
CY2024Q1	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	24427923	usd
CY2023Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	22996805	usd
CY2024Q1	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	82592731	usd
CY2023Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	70512998	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1431000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	563000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	3029041	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	2998018	usd
CY2024Q1	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	1299725	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	1114807	usd
CY2024Q1	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1729316	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1883211	usd
CY2024Q1	us-gaap	Depreciation Depreciation	59000	usd
CY2023Q1	us-gaap	Depreciation Depreciation	59000	usd
CY2024Q1	empr	Asset Retirement Obligations Beginning Of Period AssetRetirementObligationsBeginningOfPeriod	28168427	usd
CY2023Q1	empr	Asset Retirement Obligations Beginning Of Period AssetRetirementObligationsBeginningOfPeriod	25000740	usd
CY2024Q1	empr	Asset Retirement Obligation Addition Of Estimate AssetRetirementObligationAdditionOfEstimate	151985	usd
CY2023Q1	empr	Liabilities Settled LiabilitiesSettled	-190375	usd
CY2023Q1	empr	Revision To Estimates RevisionToEstimates	-68809	usd
CY2024Q1	us-gaap	Accretion Expense AccretionExpense	485349	usd
CY2023Q1	us-gaap	Accretion Expense AccretionExpense	401275	usd
CY2024Q1	empr	Asset Retirement Obligation End Of Period AssetRetirementObligationEndOfPeriod	28805761	usd
CY2023Q1	empr	Asset Retirement Obligation End Of Period AssetRetirementObligationEndOfPeriod	25142831	usd
CY2024Q1	empr	Less Current Portion Included In Accrued Expenses LessCurrentPortionIncludedInAccruedExpenses	700000	usd
CY2024Q1	empr	Asset Retirement Obligation Longterm AssetRetirementObligationLongterm	28105761	usd
CY2023Q1	empr	Asset Retirement Obligation Longterm AssetRetirementObligationLongterm	25142831	usd
CY2024Q1	empr	Net Cash Receipts From Payments On Derivatives NetCashReceiptsFromPaymentsOnDerivatives	-10700	usd
CY2023Q1	empr	Net Cash Receipts From Payments On Derivatives NetCashReceiptsFromPaymentsOnDerivatives	-41187	usd
CY2024Q1	empr	Oil Gas And Ngl Receivables OilGasAndNglReceivables	3227706	usd
CY2023Q4	empr	Oil Gas And Ngl Receivables OilGasAndNglReceivables	2784745	usd
CY2024Q1	us-gaap	Oil And Gas Joint Interest Billing Receivables OilAndGasJointInterestBillingReceivables	4026259	usd
CY2023Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables OilAndGasJointInterestBillingReceivables	5444331	usd
CY2024Q1	us-gaap	Other Receivables OtherReceivables	36042	usd
CY2023Q4	us-gaap	Other Receivables OtherReceivables	125560	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7290007	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	8354636	usd
CY2024Q1	empr	Accrued And Suspended Thirdparty Revenue Current AccruedAndSuspendedThirdpartyRevenueCurrent	4459055	usd
CY2023Q4	empr	Accrued And Suspended Thirdparty Revenue Current AccruedAndSuspendedThirdpartyRevenueCurrent	4049984	usd
CY2024Q1	empr	Accrued Salaries And Payroll Taxes AccruedSalariesAndPayrollTaxes	1032523	usd
CY2023Q4	empr	Accrued Salaries And Payroll Taxes AccruedSalariesAndPayrollTaxes	1059295	usd
CY2024Q1	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	774359	usd
CY2023Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	829226	usd
CY2024Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	1170649	usd
CY2023Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1136797	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	7075302	usd
CY2024Q1	empr	Schedule Of Unamortize Expense Table Textblock ScheduleOfUnamortizeExpenseTableTextblock	<p id="xdx_89F_ecustom--ScheduleOfUnamortizeExpenseTableTextblock_zL9jVJPLh2ec" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BE_ziUMtPrTya8">The following table represents the Company’s outstanding debt as of March 31, 2024 and December 31, 2023:</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; font-size: 10pt"> </span></p> <p style="font: 9pt Sans-Serif; margin: 0; text-align: center; color: Red"></p> <table cellpadding="0" cellspacing="2" style="font: 9.5pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - Property (Details)"> <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">As of March 31, 2024</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">As of December 31, 2023</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; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: left">Equity Bank Credit Facility</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--DebtCurrent_iI_c20240331__us-gaap--PlanNameAxis__custom--EquityBankCreditFacilityMember_zIWQk9jIRBG2" style="width: 14%; text-align: right">8,442,484</td><td style="width: 1%; text-align: left"> </td><td style="width: 4%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--DebtCurrent_iI_c20231231__us-gaap--PlanNameAxis__custom--EquityBankCreditFacilityMember_zx11EuFJD8hg" style="width: 14%; text-align: right">4,492,484</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <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; background-color: rgb(204,238,255)"> <td style="text-align: left">Promissory Note – Related Party</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--DebtCurrent_iI_c20240331__us-gaap--PlanNameAxis__custom--PromissoryNoteRelatedPartyMember_zTZOZ4fMJz32" style="text-align: right">2,970,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--DebtCurrent_iI_c20231231__us-gaap--PlanNameAxis__custom--PromissoryNoteRelatedPartyMember_zPBhV0U0wh9g" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0619">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <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; background-color: rgb(204,238,255)"> <td style="text-align: left">Note Payable – Related Party</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--DebtCurrent_iI_c20240331__us-gaap--PlanNameAxis__custom--NotePayableRelatedPartyMember_z21bnGPrzaL2" 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_986_eus-gaap--DebtCurrent_iI_c20231231__us-gaap--PlanNameAxis__custom--NotePayableRelatedPartyMember_zBDPPkeGPrAi" style="text-align: right">1,060,004</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <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; background-color: rgb(204,238,255)"> <td style="text-align: left">Equipment and vehicle notes, 0.00% to 9.00% interest rates, due in 2025 to 2028 with monthly payments ranging from $900 to $1,400 per month</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--DebtCurrent_iI_c20240331__us-gaap--PlanNameAxis__custom--VariousVehicleandEquipmentLoansMember_zsXRaGkTOKCk" style="text-align: right">135,995</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--DebtCurrent_iI_c20231231__us-gaap--PlanNameAxis__custom--VariousVehicleandEquipmentLoansMember_zzAQwXuJsGc" style="text-align: right">148,516</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <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; background-color: rgb(204,238,255)"> <td style="text-align: left">Note Payable to insurance provider, bears 7.29% interest, matures January 2025, monthly payments of principal and interest of $51,067</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--DebtCurrent_iI_c20240331__us-gaap--PlanNameAxis__custom--NotePayableInsuranceProviderBearsInterestMaturesMember_z7wC4hyqNujd" style="text-align: right">441,697</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--DebtCurrent_iI_c20231231__us-gaap--PlanNameAxis__custom--NotePayableInsuranceProviderBearsInterestMaturesMember_znMu1DX4VYz6" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0625">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total Debt</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--DebtCurrent_iI_c20240331_zJ44n51e9wPa" style="text-align: right" title="Total Debt">13,050,180</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--DebtCurrent_iI_c20231231_zJOZ5hjWYAt" style="text-align: right" title="Total Debt">5,701,004</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Less: Current Maturities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--LongTermDebtCurrent_iNI_di_c20240331_zY3mQihD96Pl" style="text-align: right" title="Less: Current Maturities">(486,483</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--LongTermDebtCurrent_iNI_di_c20231231_zYFcrXekDPIk" style="text-align: right" title="Less: Current Maturities">(44,225</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Less: Promissory Note – Related Party</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--LongTermNotesPayable_iNI_di_c20240331_zj7fJ9LehQvh" style="text-align: right" title="Note Payable Related Party">(2,970,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--LongTermNotesPayable_iNI_di_c20231231_zhwMdHlmRcXf" style="text-align: right" title="Note Payable Related Party"><span style="-sec-ix-hidden: xdx2ixbrl0637">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <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_989_eus-gaap--OtherLongTermNotesPayable_iNI_di_c20240331_zwipzTc8FbE" 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_98A_eus-gaap--OtherLongTermNotesPayable_iNI_di_c20231231_zvbJcrbVcOB6" 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></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <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_984_eus-gaap--LongTermDebt_iI_c20240331_zI27lyi2QHP3" style="border-bottom: Black 2.5pt double; text-align: right" title="Long Term Debt">8,533,693</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_987_eus-gaap--LongTermDebt_iI_c20231231_zDzQDw8FAiv3" 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></tr> </table> <p style="font: 9pt Sans-Serif; margin: 0; text-align: center; color: Red"></p>
CY2024Q1	us-gaap	Debt Current DebtCurrent	13050180	usd
CY2023Q4	us-gaap	Debt Current DebtCurrent	5701004	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	486483	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	44225	usd
CY2024Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	2970000	usd
CY2024Q1	us-gaap	Other Long Term Notes Payable OtherLongTermNotesPayable	1060004	usd
CY2023Q4	us-gaap	Other Long Term Notes Payable OtherLongTermNotesPayable	1060004	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	8533693	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	4596775	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.
CY2024Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	136000	usd
CY2023Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	77600	usd
CY2024Q1	empr	Cash Paid For Right Of Use Leases CashPaidForRightOfUseLeases	125000	usd
CY2023Q1	empr	Cash Paid For Right Of Use Leases CashPaidForRightOfUseLeases	78400	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	958648	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1077031	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	430273	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	432822	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	441748	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	544382	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	872021	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	977204	usd
CY2024Q1	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.0851	pure
CY2024Q1	us-gaap	Capital Leases Future Minimum Payments Due In Two Years CapitalLeasesFutureMinimumPaymentsDueInTwoYears	486584	usd
CY2024Q1	us-gaap	Capital Leases Future Minimum Payments Due In Three Years CapitalLeasesFutureMinimumPaymentsDueInThreeYears	376628	usd
CY2024Q1	us-gaap	Capital Leases Future Minimum Payments Due In Four Years CapitalLeasesFutureMinimumPaymentsDueInFourYears	86680	usd
CY2024Q1	empr	Capital Leases Future Minimum Payments Due In Six Years CapitalLeasesFutureMinimumPaymentsDueInSixYears	3100	usd
CY2024Q1	us-gaap	Capital Leases Future Minimum Payments Due In Five Years CapitalLeasesFutureMinimumPaymentsDueInFiveYears	952992	usd
CY2024Q1	us-gaap	Capital Leases Future Minimum Payments Interest Included In Payments CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments	80971	usd
CY2024Q1	us-gaap	Capital Lease Obligations CapitalLeaseObligations	872021	usd
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2024Q1	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
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2024Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2024Q1	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.
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	pure
CY2024Q1	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-834791	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2023Q1	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-516514	usd
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2024Q1	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-190937	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.048	pure
CY2023Q1	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-118333	usd
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.048	pure
CY2024Q1	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	6401	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.002	pure
CY2023Q1	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	-2460	usd
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.001	pure
CY2024Q1	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther	-103796	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.026	pure
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.000	pure
CY2024Q1	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	1123123	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.283	pure
CY2023Q1	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	637307	usd
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.259	pure
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.000	pure
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	pure

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$EP
Empire Petroleum Corp Stock $ep

2024 Q2 Form 10-Q Financial Statement

#000107261324000499 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EP Empire Petroleum Corp Stock $ep

2024 Q2 Form 10-Q Financial Statement

#000107261324000499 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EP
Empire Petroleum Corp Stock $ep