Imperial Petroleum, Inc. (IPMN) Secures Diversified Energy Portfolio with Traditional Production
Given that Imperial Petroleum has one of the more forward-looking portfolios of any developing energy company, with interests in biodiesel as well as tar sands recovery technologies, it’s easy to overlook the company’s substantial stake in traditional oil and gas production. A major part of this effort is their interest in Coquille Bay Field, located in Plaquemines Parish, on the southeast tip of Louisiana. The field had been inactive for several years, and a new operating agreement was negotiated with the State of Louisiana by the previous operator, Royal-T Oil Co, Inc. Imperial assumed operations in January 2005 and successfully…