Here is Why Empire Petroleum (EP) Fell This Week

Core Viewpoint - Empire Petroleum Corporation (NYSE:EP) experienced a significant decline in share price, falling by 9.52% from September 26 to October 3, 2025, making it one of the worst-performing energy stocks during that period [1]. Group 1: Company Overview - Empire Petroleum Corporation is primarily engaged in conventional oil and natural gas production, focusing on the US onshore market [2]. Group 2: Market Dynamics - The share price of Empire Petroleum surged by nearly 20% last month due to rising crude oil prices amid escalating tensions between Russia and Ukraine. However, oil prices have since dropped to a four-month low, influenced by increased supply from OPEC+ and concerns over a potential US government shutdown [3]. Group 3: Financial Activities - Recently, Empire Petroleum issued a $4 million promissory note to investor Phil E. Mulacek, with $2 million already advanced. The note carries a 5.5% annual interest rate and includes options for conversion into common stock and prepayment without penalty [4].