Empire Petroleum received a favorable ruling from the New Mexico Oil Conservation Commission regarding the Residual Oil Zone in the Eunice Monument South Unit.
The Commission affirmed Empire's exclusive rights to produce the ROZ under the 1984 Order and approved a CO2 enhanced oil recovery pilot project.
Empire's victory includes denial of new injection well applications, suspension of existing injection operations, and denial of pending motions.
Regulatory Win
Empire Petroleum secured a significant regulatory victory confirming exclusive rights to develop the ROZ in New Mexico.
New Project Approval
The Commission allowed Empire to proceed with a CO2 enhanced oil recovery pilot project over the next three years.
Legal Actions
Empire intends to revoke permits of third-party disposal operators and pursue litigation for trespass and damages.
- Empire's victory paves the way for sustained production in the ROZ and upper zones while safeguarding assets.
- The decision highlights Empire's commitment to responsible development and value protection in New Mexico.
The unanimous decision marks a significant milestone for Empire, acknowledging their dedication to sustainable growth and asset protection.