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High materiality7/10

Empire Petroleum reports 21,006-foot Wakefield-Harrison well; potential deep Haynesville upside

Aug 17, 2026, 5:47 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Positive exploration progress and capital efficiency could support a near-term rerating, especially if follow-up wells prove productive; however, no reserves or flow rates are reported yet, constraining upside without additional catalysts.

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What happened, with direct paths to the underlying reporting

Empire Petroleum announced a 21,006-foot re-entry of the Wakefield-Harrison GU B #1 in the Fort Trinidad field, with full open-hole logs and sidewall cores showing hydrocarbon presence. The achievement demonstrates capital efficiency relative to peers and sets the stage for IPZ/DPZ development across roughly 11,000 feet of new interval, supported by midstream data. If follow-up wells prove productive, Empire could translate this exploration into meaningful future gas production and reserve potential.

Empire re-enters Wakefield-Harrison GU B #1 to 21,006 ft. Logs show gas and liquids.
Deepest modern eval in Western Haynesville; cost about $4.4M vs peers' $30-45M.
Fort Trinidad IPZ/DPZ development basis; two additional wells planned, logs aid seismic.
Empire owns 49 miles of pipeline and 9.5 MMcf/d compression to support future gas takeaway.
No reserves, flow rate, or production testing reported yet; results are exploratory.

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