Empire Petroleum Corporation Announces a Joint Development Agreement with Petroleum Independent & Exploration LLC

As a result of the investment, Empire Texas LLC has entered into a joint development agreement with The Woodlands, Texas-based Petroleum Independent & Exploration LLC and PIE Operating LLC and their affiliates (collectively, PIE) and Mineral Resource Texas, LLC (MRP) to execute of series of workovers designed to potentially increase the fields production from existing wellbores.