Empire Petroleum (EP) has issued a unanimous and favorable ruling regarding the Company’s rights to the Residual Oil Zone (“ROZ”) in the Eunice Monument South Unit (“EMSU”) Unitized Interval in Lea County, New Mexico, announced on 15 August, 2026.
“We are extremely pleased with this unanimous decision, which marks a significant regulatory win for Empire and reinforces our position in New Mexico,” said Phil Mulacek, Chairman of the Board. “It paves the way for us to move forward with CO2 development to unlock the capacity for sustained production in the ROZ and upper zones, while also safeguarding our assets from activities that threaten their value.”
Read the full press release.