Empire Petroleum secures unanimous NMOCD ruling to advance CO2 development, protect EMSU assets

EMPIRE PETROLEUM CORP

NMOCD affirms Empire's exclusive rights to Residual Oil Zone in Grayburg and San Andres formations under 1984 order.
Commission denies five new injection well applications and one increased injection request from Goodnight Midstream Permian.
Injection suspended on four existing Goodnight wells; Empire given three years to implement CO2 EOR pilot project.
Empire intends to seek revocation of remaining third-party permits and advance litigation for trespass and damages.
Chairman Mulacek calls decision 'significant regulatory win' that unlocks sustained production and protects asset value.

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