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| DELAWARE                          | 001-16653    | 73-1238709          |
|-----------------------------------|--------------|---------------------|
| (State or Other Jurisdiction      | (Commission  | (I.R.S. Employer    |
| of Incorporation or Organization) | File Number) | Identification No.) |

| Large accelerated filer ☐               |   | Accelerated filer ☐              |
|-----------------------------------------------|--------|----------------------------------------|
|                                          |   |                                   |
| Non-accelerated filer ☐                 |   | Smaller reporting company ☒ |
| (Do not check if a smaller reporting company) |   |                                   |
|                                          |   | Emerging growth Company ☐        |

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| PART I.  | FINANCIAL INFORMATION                                                                           | Page No. |
|----------|-------------------------------------------------------------------------------------------------|----------|
|     |                                                                                            |     |
| Item 1.  | Financial Statements                                                                            |     |
|     |                                                                                            |     |
|     | Balance Sheets at March 31, 2017  (Unaudited) and December 31, 2016                        | 4        |
|     |                                                                                            |     |
|     | Statements of Operations – For the three months ended March 31, 2017 and 2016 (Unaudited) | 5        |
|     |                                                                                            |     |
|     | Statements of Cash Flows – For the three months ended March 31, 2017 and 2016 (Unaudited) | 6        |
|     |                                                                                            |     |
|     | Notes to Financial Statements                                                                   | 7-9      |
|     |                                                                                            |     |
| Item 2.  | Management's Discussion and Analysis of Financial Condition and Results of Operations           | 10-11    |
|     |                                                                                            |     |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk                                      | 12       |
|     |                                                                                            |     |
| Item 4.  | Controls and Procedures                                                                         | 12       |
|     |                                                                                            |     |
|     |                                                                                            |     |
|     |                                                                                            |     |
| PART II. | OTHER INFORMATION                                                                               |     |
|     |                                                                                            |     |
| Item 1.  | Legal Proceedings                                                                               | 12       |
|     |                                                                                            |     |
| Item 1A. | Risk Factors                                                                                    | 12       |
|     |                                                                                            |     |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                     | 12       |
|     |                                                                                            |     |
| Item 3.  | Defaults Upon Senior Securities                                                                 | 12       |
|     |                                                                                            |     |
| Item 4.  | Mine Safety Disclosures                                                                         | 12       |
|     |                                                                                            |     |
| Item 5.  | Other Information                                                                               | 12       |
|     |                                                                                            |     |
| Item 6.  | Exhibits                                                                                        | 12       |
|     |                                                                                            |     |
|     | Signatures                                                                                      | 13       |
|     |                                                                                            |     |
|     |                                                                                            |     |

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|                                                        |   | March 31, 2017 |        |   | December 31, 2016 |   |
|-------------------------------------------------------------|--------|----------------|-------------|--------|-------------------|--------|
| ASSETS                                                      |   | (UNAUDITED)    |        |   |              |   |
| Current assets:                                             |   |           |        |   |              |   |
| Cash                                                        |   | $              | 66,923      |   |              | $      | 68,743 |   |
| Prepaids                                                    |   |           | 42,000      |   |              |   | 14,000 |   |
| Total current assets                                        |   |           | 108,923     |   |              |   | 82,743 |   |
|                                                        |   |           |        |   |              |   |   |   |
| Investment in Masterson West II                             |   |           | 300,000     |   |              |   | 300,000 |   |
| Total assets                                                |   | $              | 408,923     |   |              | $      | 382,743 |   |
|                                                        |   |           |        |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                        |   |           |        |   |              |   |   |   |
| Current liabilities:                                        |   |           |        |   |              |   |   |   |
| Accounts payable and accrued liabilities                    |   | $              | 71,020      |   |              | $      | 22,518 |   |
| Accrued interest payable                                    |   |           | 4,056       |   |              |   | 0 |   |
| Total current liabilities                                   |   |           | 75,076      |   |              |   | 22,518 |   |
|                                                        |   |           |        |   |              |   |   |   |
| Convertible notes, net                                      |   |           | 102,886     |   |              |   | 58,844 |   |
|                                                        |   |           |        |   |              |   |   |   |
| Stockholders' equity:                                       |   |           |        |   |              |   |   |   |
| Common stock-$.001 par value authorized 150,000,000 shares, |   |           |        |   |              |   |   |   |
| issued and outstanding 8,710,609                            |   |           | 8,710       |   |              |   | 8,710 |   |
| Common stock subscribed not yet issues (2,000,000 shares)   |   |           | 2,000       |   |              |   | 2,000 |   |
| Additional paid in capital                                  |   |           | 15,605,769  |   |              |   | 15,571,819 |   |
| Accumulated deficit                                         |   |           | (15,385,518 | )      |              |   | (15,281,148 | ) |
| Total stockholders' equity                                  |   |           | 230,961     |   |              |   | 301,381 |   |
| Total liabilities and stockholders' equity                  |   | $              | 408,923     |   |              | $      | 382,743 |   |

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|                                           |   | Three Months Ended |      |
|------------------------------------------------|--------|--------------------|-----------|
|                                           |   | March 31,          |      |
|                                           |   |               |      |   |   |   |
|                                           |   | 2017               |      |   | 2016 |   |
| Revenue:                                       |   |               |      |   |   |   |
| Petroleum sales                                |   | $                  | 0         |   |   | $ | 0 |   |
|                                           |   |               |      |   |   |   |   |   |
| Costs and expenses:                            |   |               |      |   |   |   |   |   |
| General and administrative                     |   |               | 86,084    |   |   |   | 56,838 |   |
|                                           |   |               | 86,084    |   |   |   | 56,838 |   |
| Operating loss                                 |   |               | (86,084   | ) |   |   | (56,838 | ) |
|  Other expense:                           |   |               |      |   |   |   |   |   |
| Interest expense                               |   |               | 18,286    |   |   |   | 0 |   |
| Total other expense                            |   |               | 18,286    |   |   |   | 0 |   |
|                                           |   |               |      |   |   |   |   |   |
| Net loss                                       |   | $                  | (104,370  | ) |   | $ | (56,838 | ) |
|                                           |   |               |      |   |   |   |   |   |
| Net loss per common share, basic & diluted |   | $                  | (0.01     | ) |   | $ | (0.01 | ) |
| Weighted average number of                     |   |               |      |   |   |   |   |   |
| common shares outstanding,                     |   |               |      |   |   |   |   |   |
| basic and diluted                              |   |               | 8,710,609 |   |   |   | 8,710,609 |   |

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|                                                                      |   | Three Months EndedMarch 31, |     |
|---------------------------------------------------------------------------|--------|-----------------------------|----------|
|                                                                      |   |                        |     |   |   |   |
|                                                                      |   | 2017                        |     |   | 2016 |   |
|                                                                      |   |                        |     |   |   |   |
| Cash flows from operating activities:                                     |   |                        |     |   |   |   |
| Net loss                                                                  |   | $                           | (104,370 | ) |   | $ | (56,838 | ) |
|                                                                      |   |                        |     |   |   |   |   |   |
| Adjustments to reconcile net loss to net                                  |   |                        |     |   |   |   |   |   |
| cash used in operating activities:                                        |   |                        |     |   |   |   |   |   |
| Value of services contributed by officers                                 |   |                        | 0        |   |   |   | 12,500 |   |
| Amortization of warrant value and conversion feature on convertible notes |   |                        | 15,492   |   |   |   | 0 |   |
|                                                                      |   |                        |     |   |   |   |   |   |
| Change in operating assets and liabilities:                               |   |                        |     |   |   |   |   |   |
| Prepaids                                                                  |   |                        | (28,000  | ) |   |   | 0 |   |
| Accounts payable and accrued liabilities                                  |   |                        | 48,502   |   |   |   | 35,023 |   |
| Accrued interest payable                                                  |   |                        | 4,056    |   |   |   | 0 |   |
| Net cash used in operating activities                                     |   |                        | (64,320  | ) |   |   | (9,315 | ) |
|                                                                      |   |                        |     |   |   |   |   |   |
| Cash flows from financing activities:                                     |   |                        |     |   |   |   |   |   |
| Proceeds from convertible notes issued                                    |   |                        | 62,500   |   |   |   | 0 |   |
|                                                                      |   |                        |     |   |   |   |   |   |
| Net cash provided by financing activities                                 |   |                        | 62,500   |   |   |   | 0 |   |
|                                                                      |   |                        |     |   |   |   |   |   |
| Net change in cash                                                        |   |                        | (1,820   | ) |   |   | (9,315 | ) |
|                                                                      |   |                        |     |   |   |   |   |   |
| Cash - Beginning of period                                                |   |                        | 68,743   |   |   |   | 18,105 |   |
|                                                                      |   |                        |     |   |   |   |   |   |
| Cash - End of period                                                      |   | $                           | 66,923   |   |   | $ | 8,790 |   |

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|                                                     |   | 2017         |    |   | 2016         |   |
|----------------------------------------------------------|--------|--------------|---------|--------|--------------|--------|
|                                                     |   |    |    |   |    |   |
| Convertible Notes Outstanding                            |   | $            | 195,000 |   |         | $      | 0 |   |
| Debt Issue Costs – Warrants and Conversion Feature |   |         | (92,114 | )      |         |   | 0 |   |
|                                                     |   |         |    |   |         |   |   |   |
| Convertible Notes Outstanding, Net                       |   | $            | 102,886 |   |         | $      | 0 |   |

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| Item 2. | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------|---------------------------------------------------------------------------------------|

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| 31     | Certification of Michael R. Morrisett, President and principal financial officer pursuant to Rules 13a - 14 (a) and 15(d) - 14(a) promulgated under the Securities Exchange Act of 1934, as amended, and Item 601(1) (31) of Regulation S-K, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (submitted herewith). |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                    |
| 32     | Certification of Michael R. Morrisett, President and principal financial officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (submitted herewith).                                                                                                                    |
| 101    | Financial Statements for XBRL format (submitted herewith).                                                                                                                                                                                                                                                                              |

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|   | Empire Petroleum Corporation |
|--------|------------------------------|
| Date:  | May 15, 2017 | By:                           | /s/ Michael R. Morrisett |
|--------|--------------|-------------------------------|--------------------------|
|   |         | Michael R. Morrisett          |
|   |         | President                     |
|   |         | (principal executive officer) |
|   |         |                          |

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|   |                                                                                                                                                                                                                                                                                                                                    |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31     | Certification of Michael R. Morrisett, President and principal financial officer pursuant to Rules 13a - 14 (a) and 15(d) - 14(a) promulgated under the Securities Exchange Act of 1934, as amended, and Item 601(1) (31) of Regulation S-K, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (submitted herewith). |
|   |                                                                                                                                                                                                                                                                                                                                    |
| 32     | Certification of Michael R. Morrisett, President and principal financial officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (submitted herewith).                                                                                                                    |
| 101    | Financial Statements for XBRL format (submitted herewith).                                                                                                                                                                                                                                                                              |