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Empire Petroleum Extends $20.0 Million Revolver Loan Facility with Equity Bank Through 2028

  • Empire Petroleum Corporation entered a third amendment to its Revolver Loan Agreement with Equity Bank.
  • The amendment extends the maturity date of the $20.0 million revolving credit facility from December 29, 2026, to December 29, 2028.
  • The maximum principal amount of the facility remains unchanged at $20.0 million.
  • President & CEO Mike Morrisett stated the extension supports the company's strategic growth initiatives & provides enhanced financial flexibility.
  • Empire Petroleum is a Tulsa-based oil & gas company with producing assets in New Mexico, North Dakota, Montana, Texas, & Louisiana.
  • The company's management focuses on organic growth & targeted acquisitions of proved developed assets.