$EP
EMPIRE PETROLEUM CORP Stock $ep

$ep Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000107261324000631 Filed on August 14, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$11.38M	$12.80M
YoY Change	24.4%	31.8%
Cost Of Revenue		$8.608M
YoY Change		10.08%
Gross Profit		$4.190M
YoY Change		121.7%
Gross Profit Margin		32.74%
Selling, General & Admin		$2.946M
YoY Change		8.5%
% of Gross Profit		70.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$76.00K	$64.00K
YoY Change	49.02%	18.52%
% of Gross Profit		1.53%
Operating Expenses	$14.79M	$14.72M
YoY Change	25.59%	22.58%
Operating Profit	-$3.417M	-$1.925M
YoY Change	29.72%	-16.35%
Interest Expense		-$735.2K
YoY Change		297.65%
% of Operating Profit
Other Income/Expense, Net	-$196.3K	-$735.2K
YoY Change	-21.41%	297.66%
Pretax Income	-$3.640M	-$4.390M
YoY Change	26.27%	78.09%
Income Tax
% Of Pretax Income
Net Earnings	-$3.640M	-$4.390M
YoY Change	32.46%	78.09%
Net Earnings / Revenue	-31.99%	-34.3%
Basic Earnings Per Share	-$0.12	-$0.15
Diluted Earnings Per Share	-$0.12	-$0.15
COMMON SHARES
Basic Shares Outstanding	31.38M shares	30.38M shares
Diluted Shares Outstanding	31.62M shares	29.84M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments		$9.258M
YoY Change		614.97%
Cash & Equivalents	$3.150M	$9.258M
Short-Term Investments
Other Short-Term Assets		$788.1K
YoY Change		-47.15%
Inventory	$1.499M	$1.451M
Prepaid Expenses	$576.3K	$788.1K
Receivables	$6.506M	$8.783M
Other Receivables		$0.00
Total Short-Term Assets	$11.73M	$20.28M
YoY Change	-42.54%	68.75%
LONG-TERM ASSETS
Property, Plant & Equipment	$108.3M	$98.09M
YoY Change	98.75%	95.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.246M	$1.571M
YoY Change	-9.4%	110.28%
Total Long-Term Assets	$109.5M	$99.67M
YoY Change	96.08%	95.72%
TOTAL ASSETS
Total Short-Term Assets	$11.73M	$20.28M
Total Long-Term Assets	$109.5M	$99.67M
Total Assets	$121.2M	$119.9M
YoY Change	58.97%	90.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.24M	$13.64M
YoY Change	201.41%	228.04%
Accrued Expenses	$8.146M	$8.105M
YoY Change	42.27%	39.36%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00
YoY Change
Long-Term Debt Due	$193.2K	$339.8K
YoY Change	-95.75%	-85.33%
Total Short-Term Liabilities	$26.99M	$23.76M
YoY Change	43.09%	88.57%
LONG-TERM LIABILITIES
Long-Term Debt		$8.524M
YoY Change		110.23%
Other Long-Term Liabilities		$28.99M
YoY Change		3.65%
Total Long-Term Liabilities		$37.51M
YoY Change		17.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$26.99M	$23.76M
Total Long-Term Liabilities		$37.51M
Total Liabilities	$64.71M	$61.27M
YoY Change	12.66%	37.31%
SHAREHOLDERS EQUITY
Retained Earnings	-$76.62M	-$72.98M
YoY Change	28.09%	27.88%
Common Stock	$91.18K	$90.90K
YoY Change	10.64%	11.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$56.53M	$58.67M
YoY Change
Total Liabilities & Shareholders Equity	$121.2M	$119.9M
YoY Change	58.97%	90.57%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	-$3.640M	-$4.390M
YoY Change	32.46%	78.09%
Depreciation, Depletion And Amortization	$76.00K	$64.00K
YoY Change	49.02%	18.52%
Cash From Operating Activities		-$1.801M
YoY Change		-38.27%
INVESTING ACTIVITIES
Capital Expenditures		$13.29M
YoY Change		675.58%
Acquisitions
YoY Change
Other Investing Activities		-$125.2K
YoY Change		6.53%
Cash From Investing Activities		-$13.42M
YoY Change		632.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		20.98M
YoY Change		-3015.11%
NET CHANGE
Cash From Operating Activities		-1.801M
Cash From Investing Activities		-13.42M
Cash From Financing Activities		20.98M
Net Change In Cash		5.766M
YoY Change		-205.44%
FREE CASH FLOW
Cash From Operating Activities		-$1.801M
Capital Expenditures		$13.29M
Free Cash Flow		-$15.09M
YoY Change		225.85%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	empr	Oil And Gas Sales OilAndGasSales	18086326	usd
	empr	Natual Gas Sales NatualGasSales	261297	usd
CY2023Q4	empr	Current Portion Of Long Term Notes Payable Net Of Discount CurrentPortionOfLongTermNotesPayableNetOfDiscount	44225	usd
CY2024Q2	us-gaap	Liabilities Current LiabilitiesCurrent	23761662	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	25049572	usd
CY2024Q2	us-gaap	Notes And Loans Payable Current NotesAndLoansPayableCurrent	8523756	usd
	empr	Natual Gas Sales NatualGasSales	904721	usd
CY2023Q2	empr	Natural Gas Liquids Sales NaturalGasLiquidsSales	362181	usd
CY2023Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent		usd
CY2024Q2	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
	empr	Gain Loss On Sale Of Financial Derivatives GainLossOnSaleOfFinancialDerivatives		usd
	empr	Amortization Of Debt Discount On Convertible Notes AmortizationOfDebtDiscountOnConvertibleNotes		usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt		usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty		usd
	empr	Sinking Fund Deposit SinkingFundDeposit		usd
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt		usd
	us-gaap	Repayment Of Notes Receivable From Related Parties RepaymentOfNotesReceivableFromRelatedParties		usd
	empr	Proceeds From Rights Offering ProceedsFromRightsOffering		usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises		usd
	empr	Asset Retirement Obligation Addition Of Estimate AssetRetirementObligationAdditionOfEstimate		usd
	empr	Revision To Estimates RevisionToEstimates		usd
CY2023Q2	empr	Less Current Portion Included In Accrued Expenses LessCurrentPortionIncludedInAccruedExpenses		usd
CY2023Q2	empr	Net Cash Receipts From Payments On Derivatives NetCashReceiptsFromPaymentsOnDerivatives		usd
CY2024Q2	us-gaap	Lessee Finance Lease Renewal Term1 LesseeFinanceLeaseRenewalTerm1	P5Y
CY2024Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P1Y9M18D
CY2024Q2	empr	Capital Leases Future Minimum Payments Due In Six Years CapitalLeasesFutureMinimumPaymentsDueInSixYears		usd
CY2024Q2	empr	Capital Leases Future Minimum Payments Due In Seven Years CapitalLeasesFutureMinimumPaymentsDueInSevenYears		usd
CY2023Q2	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther		usd
	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther		usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		usd
CY2024Q2	empr	Utility And Other Deposits UtilityAndOtherDeposits	1570531	usd
CY2023Q4	empr	Utility And Other Deposits UtilityAndOtherDeposits	1474503	usd
CY2024Q2	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	189468	usd
CY2024Q2	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	425528	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	432822	usd
CY2024Q2	us-gaap	Other Long Term Notes Payable OtherLongTermNotesPayable	1060004	usd
CY2023Q4	us-gaap	Other Long Term Notes Payable OtherLongTermNotesPayable	1060004	usd
CY2024Q2	empr	Current Portion Of Long Term Notes Payable Net Of Discount CurrentPortionOfLongTermNotesPayableNetOfDiscount	339825	usd
CY2023Q4	us-gaap	Notes And Loans Payable Current NotesAndLoansPayableCurrent	4596775	usd
CY2024Q2	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	338953	usd
CY2023Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	544382	usd
CY2024Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	28649500	usd
CY2023Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	27468427	usd
CY2024Q2	us-gaap	Liabilities Liabilities	61273871	usd
CY2023Q4	us-gaap	Liabilities Liabilities	57659156	usd
CY2024Q2	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
CY2024Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2024Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	6	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	6	shares
CY2024Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	6	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	6	shares
CY2024Q2	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
CY2024Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31375375	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31375375	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	25503530	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	25503530	shares
CY2024Q2	us-gaap	Common Stock Value CommonStockValue	90897	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	85025	usd
CY2024Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	131564222	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	99490253	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-72983785	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-64618818	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	58671334	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	34956460	usd
CY2024Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	119945205	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	92615616	usd
CY2023Q2	empr	Oil And Gas Sales OilAndGasSales	9147611	usd
	empr	Oil And Gas Sales OilAndGasSales	21729236	usd
CY2023Q2	empr	Natual Gas Sales NatualGasSales	248686	usd
	empr	Natural Gas Liquids Sales NaturalGasLiquidsSales	1033240	usd
	empr	Natural Gas Liquids Sales NaturalGasLiquidsSales	867135	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	9758478	usd
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	23023773	usd
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	19858182	usd
CY2023Q2	empr	Other Revenue OtherRevenue	18361	usd
	empr	Other Revenue OtherRevenue	21313	usd
	empr	Other Revenue OtherRevenue	37725	usd
CY2023Q2	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-66657	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-859603	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-133480	usd
CY2023Q2	us-gaap	Revenues Revenues	9710182	usd
	us-gaap	Revenues Revenues	22185483	usd
	us-gaap	Revenues Revenues	19762427	usd
CY2024Q2	empr	Operating Operating	7542685	usd
CY2023Q2	empr	Operating Operating	7099000	usd
	empr	Operating Operating	14930108	usd
	empr	Operating Operating	13619163	usd
CY2023Q2	empr	Production Taxes ProductionTaxes	721275	usd
	empr	Production Taxes ProductionTaxes	1899165	usd
	empr	Production Taxes ProductionTaxes	1479389	usd
CY2023Q2	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	711042	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	4167111	usd
	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	1333531	usd
CY2024Q2	empr	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	-492449	usd
CY2023Q2	empr	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	-405361	usd
	empr	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	-977798	usd
	empr	Accretion Of Asset Retirement Obligation AccretionOfAssetRetirementObligation	-806636	usd
CY2023Q2	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	1894204	usd
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	5233117	usd
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	4917483	usd
CY2024Q2	empr	Share Based Compensations ShareBasedCompensations	591635	usd
CY2023Q2	empr	Share Based Compensations ShareBasedCompensations	1180806	usd
	empr	Share Based Compensations ShareBasedCompensations	1301637	usd
	empr	Share Based Compensations ShareBasedCompensations	2130445	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3075010	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	6534754	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	7047928	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	12011688	usd
	us-gaap	Operating Expenses OperatingExpenses	28508936	usd
	us-gaap	Operating Expenses OperatingExpenses	24286647	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-2301506	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-6323453	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-4524220	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-184887	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1050269	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-422186	usd
CY2024Q2	empr	Other Income Expense OtherIncomeExpense	-1729245	usd
CY2023Q2	empr	Other Income Expense OtherIncomeExpense	21484	usd
	empr	Other Income Expense OtherIncomeExpense	-991245	usd
	empr	Other Income Expense OtherIncomeExpense	21906	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2464909	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-8364967	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-4924500	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-2464909	usd
	us-gaap	Net Income Loss NetIncomeLoss	-8364967	usd
	us-gaap	Net Income Loss NetIncomeLoss	-4924500	usd
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.11
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.30
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.22
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.11
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.30
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.22
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22105704	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	27752816	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22101264	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22105704	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	27752816	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22101264	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
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-4389771	usd
CY2024Q2	empr	Rights Offerings RightsOfferings	20511529	usd
CY2024Q2	empr	Conversion Of Relatedparty Note ConversionOfRelatedpartyNote	6160902	usd
CY2024Q2	empr	Partial Conversion Of Option To Purchase PartialConversionOfOptionToPurchase	3156000	usd
CY2024Q2	empr	Stock Issued During Period Value Shares And Warrants Issued StockIssuedDuringPeriodValueSharesAndWarrantsIssued	949771	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	591637	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	58671334	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
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-2464909	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1180806	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	18315695	usd
	us-gaap	Net Income Loss NetIncomeLoss	-8364967	usd
	us-gaap	Net Income Loss NetIncomeLoss	-4924500	usd
	empr	Stockbased Compensation StockbasedCompensation	1301637	usd
	empr	Stockbased Compensation StockbasedCompensation	2130445	usd
	empr	Amortization Of Right Of Use Assets AmortizationOfRightOfUseAssets	-271467	usd
	empr	Amortization Of Right Of Use Assets AmortizationOfRightOfUseAssets	-163785	usd
	empr	Depreciation Depletion Amortization DepreciationDepletionAmortization	4167111	usd
	empr	Depreciation Depletion Amortization DepreciationDepletionAmortization	1333531	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	977798	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	806636	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-859603	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-133480	usd
	empr	Settlement On Or Purchases Of Derivative Instruments SettlementOnOrPurchasesOfDerivativeInstruments	-263330	usd
	empr	Settlement On Or Purchases Of Derivative Instruments SettlementOnOrPurchasesOfDerivativeInstruments	-41187	usd
	empr	Gain Loss On Sale Of Financial Derivatives GainLossOnSaleOfFinancialDerivatives	-998000	usd
	empr	Amortization Of Debt Discount On Convertible Notes AmortizationOfDebtDiscountOnConvertibleNotes	-500382	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	16611	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	630061	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2039189	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	17741	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	265802	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-460201	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-708549	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1854786	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1697939	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	1029700	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-3642305	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	1021396	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	650134	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2106579	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-7984630	usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	670000	usd
	empr	Additions To Oil And Natural Gas Properties AdditionsToOilAndNaturalGasProperties	30143188	usd
	empr	Additions To Oil And Natural Gas Properties AdditionsToOilAndNaturalGasProperties	3127847	usd
	us-gaap	Payments For Purchase Of Other Assets1 PaymentsForPurchaseOfOtherAssets1	119891	usd
	us-gaap	Payments For Purchase Of Other Assets1 PaymentsForPurchaseOfOtherAssets1	153036	usd
	empr	Cash Paid For Right Of Use Assets CashPaidForRightOfUseAssets	250475	usd
	empr	Cash Paid For Right Of Use Assets CashPaidForRightOfUseAssets	204105	usd
	empr	Sinking Fund Deposit SinkingFundDeposit	-2779000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-30513554	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1375988	usd
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	3950000	usd
	us-gaap	Repayment Of Notes Receivable From Related Parties RepaymentOfNotesReceivableFromRelatedParties	5000000	usd
	empr	Proceeds From Rights Offering ProceedsFromRightsOffering	20511529	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	218192	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1288974	usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	628903	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	29872240	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1288974	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	1465265	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-10649592	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
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	9257773	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1294850	usd
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	436616	usd
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	272471	usd
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zouD0KVi5N2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><b><span id="xdx_867_zIftyJU9MUmk">Concentrations of Credit Risk</span></b></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify"><span style="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>
CY2024Q2	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	119421112	usd
CY2023Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	75346623	usd
CY2024Q2	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	3820480	usd
CY2023Q4	us-gaap	Capitalized Costs Unproved Properties CapitalizedCostsUnprovedProperties	3245431	usd
CY2024Q2	empr	Capitalized Costs Work In Process CapitalizedCostsWorkInProcess	267982	usd
CY2023Q4	empr	Capitalized Costs Work In Process CapitalizedCostsWorkInProcess	14917749	usd
CY2024Q2	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	123509574	usd
CY2023Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Gross CapitalizedCostsOilAndGasProducingActivitiesGross	93509803	usd
CY2024Q2	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	27040862	usd
CY2023Q4	us-gaap	Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities	22996805	usd
CY2024Q2	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	96468712	usd
CY2023Q4	us-gaap	Capitalized Costs Oil And Gas Producing Activities Net CapitalizedCostsOilAndGasProducingActivitiesNet	70512998	usd
CY2024Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2613000	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	657000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	4044000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1221000	usd
CY2024Q3	empr	Agreed Value Of Purchase Price For Energy Evolution AgreedValueOfPurchasePriceForEnergyEvolution	3000000	usd
CY2024Q3	empr	Actual Value Of Purchase Price For Energy Evolution ActualValueOfPurchasePriceForEnergyEvolution	5000000	usd
CY2024Q3	empr	Exercise Price Of Remaining Option Assets ExercisePriceOfRemainingOptionAssets	2000000	usd
CY2024Q2	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	3117909	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	2998018	usd
CY2024Q2	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	1492039	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	1114807	usd
CY2024Q2	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1625870	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	1883211	usd
CY2024Q2	us-gaap	Depreciation Depreciation	64000	usd
CY2023Q2	us-gaap	Depreciation Depreciation	54000	usd
	us-gaap	Depreciation Depreciation	123000	usd
	us-gaap	Depreciation Depreciation	113000	usd
	empr	Asset Retirement Obligations Beginning Of Period AssetRetirementObligationsBeginningOfPeriod	28168427	usd
	empr	Asset Retirement Obligations Beginning Of Period AssetRetirementObligationsBeginningOfPeriod	25000740	usd
	empr	Asset Retirement Obligation Addition Of Estimate AssetRetirementObligationAdditionOfEstimate	788473	usd
	empr	Liabilities Settled LiabilitiesSettled	-585198	usd
	empr	Liabilities Settled LiabilitiesSettled	-656249	usd
	empr	Revision To Estimates RevisionToEstimates	2303939	usd
	us-gaap	Accretion Expense AccretionExpense	977798	usd
	us-gaap	Accretion Expense AccretionExpense	806636	usd
	empr	Asset Retirement Obligation End Of Period AssetRetirementObligationEndOfPeriod	29349500	usd
	empr	Asset Retirement Obligation End Of Period AssetRetirementObligationEndOfPeriod	27455066	usd
CY2024Q2	empr	Less Current Portion Included In Accrued Expenses LessCurrentPortionIncludedInAccruedExpenses	700000	usd
	empr	Asset Retirement Obligation Longterm AssetRetirementObligationLongterm	28649500	usd
	empr	Asset Retirement Obligation Longterm AssetRetirementObligationLongterm	27455066	usd
CY2024Q2	empr	Net Cash Receipts From Payments On Derivatives NetCashReceiptsFromPaymentsOnDerivatives	-252630	usd
	empr	Net Cash Receipts From Payments On Derivatives NetCashReceiptsFromPaymentsOnDerivatives	-263330	usd
	empr	Net Cash Receipts From Payments On Derivatives NetCashReceiptsFromPaymentsOnDerivatives	-41187	usd
CY2024Q2	empr	Oil Gas And Ngl Receivables OilGasAndNglReceivables	3572430	usd
CY2023Q4	empr	Oil Gas And Ngl Receivables OilGasAndNglReceivables	2784745	usd
CY2024Q2	us-gaap	Oil And Gas Joint Interest Billing Receivables OilAndGasJointInterestBillingReceivables	5066830	usd
CY2023Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables OilAndGasJointInterestBillingReceivables	5444331	usd
CY2024Q2	us-gaap	Other Receivables OtherReceivables	143791	usd
CY2023Q4	us-gaap	Other Receivables OtherReceivables	125560	usd
CY2024Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	8783051	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	8354636	usd
CY2024Q2	empr	Accrued And Suspended Thirdparty Revenue Current AccruedAndSuspendedThirdpartyRevenueCurrent	5340541	usd
CY2023Q4	empr	Accrued And Suspended Thirdparty Revenue Current AccruedAndSuspendedThirdpartyRevenueCurrent	4049984	usd
CY2024Q2	empr	Accrued Salaries And Payroll Taxes AccruedSalariesAndPayrollTaxes	678678	usd
CY2023Q4	empr	Accrued Salaries And Payroll Taxes AccruedSalariesAndPayrollTaxes	1059295	usd
CY2024Q2	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	1016238	usd
CY2023Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	829226	usd
CY2024Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	1069545	usd
CY2023Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1136797	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	7075302	usd
	empr	Schedule Of Unamortize Expense Table Textblock ScheduleOfUnamortizeExpenseTableTextblock	<p id="xdx_89C_ecustom--ScheduleOfUnamortizeExpenseTableTextblock_zi2MKhh1h5bl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_8BD_zDTX8EYKOXA3">The following table represents the Company’s outstanding debt as of June 30, 2024 and December 31, 2023:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </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"><p style="margin-top: 0; margin-bottom: 0">As of</p> <p style="margin-top: 0; margin-bottom: 0">June 30, 2024</p></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"><p style="margin-top: 0; margin-bottom: 0">As of</p> <p style="margin-top: 0; margin-bottom: 0">December 31, 2023</p></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">$</td><td id="xdx_985_eus-gaap--DebtCurrent_iI_c20240630__us-gaap--PlanNameAxis__custom--EquityBankCreditFacilityMember_zeoc8ohxBOHa" style="width: 14%; text-align: right">8,442,484</td><td style="width: 1%; text-align: left"> </td><td style="width: 4%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--DebtCurrent_iI_c20231231__us-gaap--PlanNameAxis__custom--EquityBankCreditFacilityMember_zkBpZY5ojL7d" 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> </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: White"> <td style="text-align: left">Note Payable – Related Party</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--DebtCurrent_iI_c20240630__us-gaap--PlanNameAxis__custom--NotePayableRelatedPartyMember_zadLcEcpcjva" 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_zI93ybutTzt1" style="text-align: right">1,060,004</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <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: White"> <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_987_eus-gaap--DebtCurrent_iI_c20240630__us-gaap--PlanNameAxis__custom--VariousVehicleandEquipmentLoansMember_zLZE6q6bnZB7" style="text-align: right">126,632</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_zlijC8fwSEYg" style="text-align: right">148,516</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <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: White"> <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_985_eus-gaap--DebtCurrent_iI_c20240630__us-gaap--PlanNameAxis__custom--NotePayableInsuranceProviderBearsInterestMaturesMember_zhaguxoLiT85" style="text-align: right">294,465</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_zm82WkZJOfjf" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl0810">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <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: White"> <td style="text-align: left">Total Debt</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--DebtCurrent_iI_c20240630_zMknPB24Hpb2" style="text-align: right" title="Total debt">9,923,585</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--DebtCurrent_iI_c20231231_ziP01WJvwNjh" 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: rgb(204,238,255)"> <td style="text-align: left">Less: Current Maturities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--LongTermDebtCurrent_iNI_di_c20240630_ziHaCRsNbehd" style="text-align: right" title="Less: current maturities">(339,825</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LongTermDebtCurrent_iNI_di_c20231231_zjU19UIZ0VV7" 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: 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_98F_eus-gaap--OtherLongTermNotesPayable_iNI_di_c20240630_zd6luMEJ6t3c" style="border-bottom: Black 1pt solid; text-align: right" title="Less: 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_986_eus-gaap--OtherLongTermNotesPayable_iNI_di_c20231231_zbYuHN2qZfzf" style="border-bottom: Black 1pt solid; text-align: right" title="Less: 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_982_eus-gaap--LongTermDebt_iI_c20240630_zJqKix3QBIEb" style="border-bottom: Black 2.5pt double; text-align: right" title="Long term debt">8,523,756</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_eus-gaap--LongTermDebt_iI_c20231231_zif2cd8z5LK1" 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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p>
CY2024Q2	us-gaap	Debt Current DebtCurrent	9923585	usd
CY2023Q4	us-gaap	Debt Current DebtCurrent	5701004	usd
CY2024Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	339825	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	44225	usd
CY2024Q2	us-gaap	Other Long Term Notes Payable OtherLongTermNotesPayable	1060004	usd
CY2023Q4	us-gaap	Other Long Term Notes Payable OtherLongTermNotesPayable	1060004	usd
CY2024Q2	us-gaap	Long Term Debt LongTermDebt	8523756	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.
	us-gaap	Lessor Operating Lease Description LessorOperatingLeaseDescription	The leases expire between 2024 and 2027
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	271000	usd
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	164000	usd
	empr	Cash Paid For Right Of Use Leases CashPaidForRightOfUseLeases	250000	usd
	empr	Cash Paid For Right Of Use Leases CashPaidForRightOfUseLeases	164000	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	840309	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1077031	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	425528	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	432822	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	338953	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	544382	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	764481	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	977204	usd
CY2024Q2	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.0844	pure
CY2024Q2	us-gaap	Capital Leases Future Minimum Payments Due In Two Years CapitalLeasesFutureMinimumPaymentsDueInTwoYears	472636	usd
CY2024Q2	us-gaap	Capital Leases Future Minimum Payments Due In Three Years CapitalLeasesFutureMinimumPaymentsDueInThreeYears	315124	usd
CY2024Q2	us-gaap	Capital Leases Future Minimum Payments Due In Four Years CapitalLeasesFutureMinimumPaymentsDueInFourYears	39996	usd
CY2024Q2	us-gaap	Capital Leases Future Minimum Payments Due In Five Years CapitalLeasesFutureMinimumPaymentsDueInFiveYears	827756	usd
CY2024Q2	us-gaap	Capital Leases Future Minimum Payments Interest Included In Payments CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments	63275	usd
CY2024Q2	us-gaap	Capital Lease Obligations CapitalLeaseObligations	764481	usd
CY2024Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	190000000	shares
CY2024Q2	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
CY2024Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2024Q2	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
	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.
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	pure
CY2024Q2	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-921852	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2023Q2	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-517631	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-1756643	usd
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-1034145	usd
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2024Q2	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-210849	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.048	pure
CY2023Q2	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-118589	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.048	pure
	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-401786	usd
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.048	pure
	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-236923	usd
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.048	pure
CY2024Q2	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	3123	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.001	pure
CY2023Q2	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	1972	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.001	pure
	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	9524	usd
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.001	pure
	us-gaap	Income Tax Reconciliation Nondeductible Expense IncomeTaxReconciliationNondeductibleExpense	3940	usd
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	-0.001	pure
CY2024Q2	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther	-26831	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.006	pure
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.000	pure
	us-gaap	Income Tax Reconciliation Nondeductible Expense Other IncomeTaxReconciliationNondeductibleExpenseOther	-130627	usd
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.016	pure
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.000	pure
CY2024Q2	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	1156409	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.263	pure
CY2023Q2	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	634248	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.257	pure
	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	2279532	usd
	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.273	pure
	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	1267128	usd
	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.257	pure
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.000	pure
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.000	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.000	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.000	pure
CY2024Q2	us-gaap	Escrow Deposit EscrowDeposit	450000	usd

Files In Submission

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0001072613-24-000631-index.html	Edgar Link	pending
0001072613-24-000631.txt	Edgar Link	pending
0001072613-24-000631-xbrl.zip	Edgar Link	pending
empire_form10q063024.htm	Edgar Link	pending
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exh32-2_18860.htm	Edgar Link	pending
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MetaLinks.json	Edgar Link	pending
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Show.js	Edgar Link	pending
empr-20240630_cal.xml	Edgar Link	unprocessable
empr-20240630_def.xml	Edgar Link	unprocessable

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$EP
EMPIRE PETROLEUM CORP Stock $ep

2024 Q3 Form 10-Q Financial Statement

#000107261324000631 Filed on August 14, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EP EMPIRE PETROLEUM CORP Stock $ep

2024 Q3 Form 10-Q Financial Statement

#000107261324000631 Filed on August 14, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EP
EMPIRE PETROLEUM CORP Stock $ep