Empire Petroleum shares surge 13.94% intraday after reporting 5% Q3 oil production increase, advancing proprietary hydrocarbon gasification technology, and completing North Dakota drilling project.

Empire Petroleum surged 13.94% intraday, driven by a Q3 earnings report showing a 5% increase in crude oil production to 1,566 barrels per day, advancements in proprietary hydrocarbon vaporization technology and an alternative water-flood system to enhance recovery efficiency, and the completion of the Starbuck wellhead project in North Dakota alongside plans to initiate drilling in Texas.