Empire Petroleum received a unanimous and favorable ruling from the NMOCD regarding its rights to the Residual Oil Zone in the Eunice Monument South Unit in New Mexico.
The ruling allows Empire to proceed with a CO2 enhanced oil recovery pilot project over the next three years.
The Commission ordered actions against Goodnight Midstream Permian, LLC and supported Empire's exclusive rights to produce the ROZ.
Regulatory Victory
Received unanimous ruling from NMOCD allowing CO2 development.
Exclusive Production Rights
Confirmed exclusive rights to produce the ROZ in EMSU.
Denial of Applications
Five new injection well applications from Goodnight denied.
Future Asset Protection
Evidence presented regarding possible future impairment or waste on operations.
- The unanimous decision marks a significant regulatory win for Empire in New Mexico.
- Empire intends to revoke existing permits and advance litigation against third-party operators.
- The outcome sets a clear path for sustained production growth and asset protection.
The decision by the Commission solidifies Empire's position in New Mexico and opens the door for sustainable development and growth while safeguarding its assets.