Regulatory Update: October 2021

On October 12, 2021, Emerald Operating Company was granted unanimous approval by the Wyoming Oil & Gas Conversation Commission to begin testing Emerald’s patented BioGem downhole tool in several new wells. Once operated by Bearcat Energy LLC, these new wells are currently orphaned and have been shut-in since 2017 (WOGCC Docket #391-2021).

These inactive wells are similar to Emerald’s currently productive wells, which have been delivering natural gas to sales for several years using the BioGem Tool.

The approved six-month testing period allows Emerald to determine how the BioGem Tool will perform in wells drilled and completed by other operators. The testing period will provide valuable feedback on optimal methods to equip other shut-in wells with the BioGem Tool and bring them back into a productive and economically viable status.

In addition, Bearcat Energy LLC has an additional 250+ shut-in wells that are possible candidates to re-start production using Emerald’s BioGem Tool.