Evolution Petroleum Corporation, trading under the symbol NYSEAMERICAN:EPM, is a Delaware‐incorporated energy company specializing in the application of carbon dioxide enhanced oil recovery (CO₂ EOR) techniques. The company focuses on acquiring, developing and operating mature onshore oil fields in the United States, where CO₂ injection is used to maintain reservoir pressure and mobilize residual oil. By targeting properties with established infrastructure and proved reserves, Evolution Petroleum seeks to extend field life and optimize production economics in a capital‐efficient manner.
Evolution Petroleum’s core activities include the design, implementation and management of CO₂ EOR projects across multiple basins in Texas, Louisiana and Mississippi. Key U.S. assets include interests in South Texas fields such as the Jay and Annona units, where the company holds working and royalty interests and coordinates CO₂ sourcing, compression and injection operations. In addition to its domestic portfolio, Evolution Petroleum operates internationally through its subsidiary in Germany, where it holds a minority stake in the Altmark CO₂ EOR project, one of Europe’s longest‐running commercial CO₂ injection programs.
Founded in the mid‐2000s, Evolution Petroleum initially pursued traditional exploration and production activities before pivoting strategically toward enhanced oil recovery in response to evolving market dynamics and carbon management trends. The company’s first full‐scale CO₂ EOR pilot commenced in the late 2000s, followed by steady expansion into adjacent fields. Over the past decade, Evolution Petroleum has focused on leveraging existing pipelines, wellbores and surface facilities to minimize capital outlays, secure reliable CO₂ supplies and drive incremental production gains through reservoir monitoring and optimization.
Under its leadership team, Evolution Petroleum is guided by executives and board members with extensive backgrounds in petroleum engineering, geology, midstream operations and financial management. Senior management is based in Houston, Texas, with regional technical and operational staff deployed at field locations. The company emphasizes disciplined project selection, environmental stewardship and collaboration with CO₂ suppliers and joint‐venture partners to deliver steady cash flows and support long‐term reserve enhancement initiatives.
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