Empire Petroleum, an oil and gas company, received a favorable ruling from the New Mexico Oil Conservation Commission.
The ruling confirms Empire's exclusive rights to produce the Residual Oil Zone (ROZ) in the Eunice Monument South Unit (EMSU) in Lea County, New Mexico.
The Commission ordered actions against a competitor and backed Empire's position, paving the way for CO2 enhanced oil recovery (EOR) projects.
Regulatory Victory
Empire Petroleum secured exclusive rights to the ROZ in the EMSU, allowing for future EOR initiatives.
Competitor Actions
The Commission denied applications and suspended operations from Goodnight Midstream Permian, LLC, in favor of Empire.
Future Development
Empire plans to initiate CO2 development to enhance production and protect assets in New Mexico.
- Empire's victory solidifies its position and operational capabilities in New Mexico.
- The Commission's ruling empowers Empire to advance its EOR projects and secure sustainable production.
The unanimous decision by the Commission marks a significant milestone for Empire Petroleum, ensuring a clear path for growth and development in the EMSU assets.