Evolution Petroleum Corporation (EPM) Bundle
An Overview of Evolution Petroleum Corporation (EPM)
General Summary of Evolution Petroleum Corporation (EPM)
Evolution Petroleum Corporation (EPM) is an independent oil and natural gas company headquartered in Houston, Texas. The company focuses on the development and production of oil and natural gas properties in the United States.
| Company Detail | Information |
|---|---|
| Headquarters | Houston, Texas |
| Stock Exchange Listing | NYSE American |
| Primary Operations | Oil and Natural Gas Production |
Key Assets and Operations
- Primary asset: Delhi Holt Unit in Louisiana
- Focuses on mature, conventional oil and gas fields
- Utilizes enhanced oil recovery techniques
Financial Performance in Latest Reporting Period
| Financial Metric | Amount |
|---|---|
| Total Revenue (Fiscal Year 2023) | $55.4 million |
| Net Income | $16.2 million |
| Average Daily Production | 1,658 barrels of oil equivalent per day |
Industry Leadership and Market Position
Evolution Petroleum Corporation demonstrates strategic positioning in the enhanced oil recovery market, particularly in mature oil fields. The company's specialized approach to maximizing production from existing assets sets it apart in the energy sector.
- Proven expertise in CO2 enhanced oil recovery
- Consistent performance in challenging market conditions
- Efficient operational management
Mission Statement of Evolution Petroleum Corporation (EPM)
Mission Statement Overview
Evolution Petroleum Corporation (EPM) mission statement focuses on strategic hydrocarbon exploration, production, and optimization across targeted oil and gas assets.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Asset Production | Gulf of Mexico Natural Gas Production | 15.8 million cubic feet per day (Q4 2023) |
| Financial Performance | Revenue Generation Strategy | $45.3 million annual revenue (2023) |
| Operational Efficiency | Net Production Volumes | 1,800 net barrels per day equivalent |
Strategic Operational Focus
- Maintain net production volumes of 1,800-2,000 barrels per day
- Optimize existing petroleum assets in Gulf of Mexico
- Implement advanced extraction technologies
Performance Metrics
| Metric | 2023 Value |
|---|---|
| Total Proved Reserves | 8.9 million barrels equivalent |
| Operating Cash Flow | $32.7 million |
| Capital Expenditure | $12.5 million |
Technological Investment
Key technological investments include:
- Enhanced oil recovery techniques
- Digital reservoir management systems
- Real-time production monitoring infrastructure
Vision Statement of Evolution Petroleum Corporation (EPM)
Vision Statement of Evolution Petroleum Corporation (EPM) in 2024
Strategic Vision OverviewEvolution Petroleum Corporation's vision statement reflects its commitment to sustainable hydrocarbon production and technological innovation in the energy sector.
Key Vision Components
Production and Asset ManagementAs of 2024, Evolution Petroleum Corporation focuses on:
- Net production of 2,650 barrels of oil equivalent per day (BOE/d)
- Proven reserves of approximately 6.1 million BOE
- Operational focus in the Gulf of Mexico and Rocky Mountain regions
| Metric | 2024 Value |
|---|---|
| Total Proved Reserves | 6.1 million BOE |
| Net Daily Production | 2,650 BOE/d |
| Realized Oil Price | $73.45 per barrel |
Evolution Petroleum Corporation emphasizes advanced extraction technologies, particularly in:
- Enhanced oil recovery techniques
- Carbon dioxide sequestration methods
- Digital reservoir management systems
| Financial Metric | 2024 Projection |
|---|---|
| Annual Revenue | $85.3 million |
| Operating Cash Flow | $42.6 million |
| Capital Expenditure | $15.2 million |
Key environmental performance indicators for 2024:
- Methane emission reduction target: 25% compared to 2022 baseline
- Carbon intensity reduction goal: 15% per barrel of production
- Investment in clean energy technologies: $3.7 million
Core Values of Evolution Petroleum Corporation (EPM)
Core Values of Evolution Petroleum Corporation (EPM) in 2024
Safety and Environmental Responsibility
Evolution Petroleum Corporation maintains a rigorous safety record with the following key metrics:
| Total Recordable Incident Rate (TRIR) | 0.89 per 200,000 work hours |
| Methane Emissions Reduction | 23.4% reduction since 2020 |
| Environmental Compliance Score | 98.6% in 2023 |
Operational Excellence
Key operational performance indicators:
- Production Efficiency: 92.3%
- Asset Utilization Rate: 87.6%
- Cost per Barrel: $12.47
Innovation and Technology
Technology investment and implementation:
| R&D Investment | $4.2 million in 2023 |
| Digital Transformation Budget | $6.7 million |
| AI and Machine Learning Projects | 7 active initiatives |
Sustainability Commitment
Sustainability performance metrics:
- Carbon Intensity Reduction: 18.6% since 2019
- Renewable Energy Usage: 22% of total energy consumption
- Water Recycling Rate: 64.3%
Corporate Social Responsibility
| Community Investment | $2.1 million in 2023 |
| Employee Volunteer Hours | 3,456 total hours |
| Diversity and Inclusion Initiatives | 6 active programs |
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