Empire Energy Group (ASX:EEG) says the Northern Territory government has finalised its regulatory framework for gas production in the Beetaloo Sub-basin, completing all 135 recommendations from the 2018 Scientific Inquiry into Hydraulic Fracturing.

The Sydney-based oil & gas company holds 100%-owned and operated assets with unconventional targets in the Beetaloo Sub-basin as well as the central trough of the McArthur Basin.

Empire Energy Group says the robust regulations are designed to ensure the safe and sustainable development of the region's natural gas resources.

It also says the news provides confidence for the company and other industry participants to accelerate investment decisions and move towards pilot production.