Empire Petroleum Welcomes Larry Faulkner As Chief Financial Officer And Kevin Vann To The Board Of Directors

Empire Petroleum (NYSE:EP) ("Empire" or the "Company"), today announced that Stephen L. ("Larry") Faulkner has been promoted to Chief Financial Officer for the Company and J. Kevin ("Kevin") Vann has been named to the Company's Board of Directors as an independent director. Both appointments were effective April 28, 2023; both were part of a proven operational team that helped develop the former WPX Energy, Inc. into a multi-billion dollar company before its merger with Devon Energy Corporation in 2021.

Mike Morrisett, President and Chief Executive Officer of Empire, commented, "We were pleased to have Larry and Kevin join Empire as a proven management team, and look forward to their positive impact on the business for our shareholders."

Larry Faulkner, Chief Financial Officer of Empire, stated, "I look forward to expanding my role with the Company and appreciate the support and confidence of the leadership team and Board of Directors. I was attracted by the quality of the Company's workforce and asset base and felt there was significant upside to the business. I believe Empire has a great road ahead of itself, and I am excited to support the Company in its long-term strategic plans."

Kevin Vann, member of the Board of Directors for Empire, added, "Echoing Larry's comments, I have been very pleased with progress I have seen on multiple fronts. I have enjoyed working closely with Empire's leadership team and Board as we execute on the development plans to exploit the opportunities afforded by our asset base located in key prolific producing regions across the U.S. I believe my previous experiences and skill set will prove beneficial to the Company and the Board of Directors, as we prudently grow the business for the benefit of all of our shareholders."