Empire Petroleum received a unanimous and favorable ruling from the New Mexico Oil Conservation Commission regarding its rights to the Residual Oil Zone (ROZ) in the Eunice Monument South Unit (EMSU) in Lea County, New Mexico.
The Commission's decision allows Empire to proceed with a CO2 enhanced oil recovery pilot project over the next three years.
Empire's victory includes the denial of injection well applications from Goodnight Midstream Permian, LLC, suspension of injection operations on existing wells, and permission to advance litigation for trespass and damages.
Unanimous Decision
The New Mexico Oil Conservation Commission's unanimous decision validates Empire's exclusive rights to produce the ROZ and implement the EOR pilot project.
Regulatory Win
The ruling paves the way for Empire to unlock sustained production capacity in the ROZ and upper zones while safeguarding assets from threatening activities.
Future Strategy
Empire plans to proceed with revoking permits of third-party saltwater disposal operators in EMSU, while advancing litigation for trespass and damages.
- The victory reinforces Empire's position in New Mexico and sets the stage for sustainable growth and returns.
- The decision gives Empire a clear path forward to responsibly develop resources and solidify its foothold in the region.
Empire Petroleum's successful outcome and strategic plans signal a positive trajectory for the company's operations in New Mexico, ensuring compliance and maximizing asset value.