Zephyr Energy CEO on Successful State 36-2R Well Test Results

1 min read | September 06, 2024 04:43 PM AEST | By Team Kalkine Media

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Zephyr Energy CEO on Successful State 36-2R Well Test Results — Image source: shutterstock

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Zephyr Energy PLC (LSE:ZPHR) CEO Colin Harrington recently provided an update on the State 36-2R LNW-CC well at the company’s flagship project in the Paradox Basin, Utah. The completion of the second phase of the production test marks a significant milestone. The acidization operation effectively addressed near-wellbore formation damage, leading to enhanced reservoir deliverability and improved permeability.

Harrington highlighted that the peak production rates during the second test surpassed 2,100 barrels of oil equivalent per day. This performance is particularly notable given the relatively short completed reservoir interval of just 130 feet for an onshore U.S. well. Additionally, the test revealed higher variable liquid-yields compared to the State 16-2 LN-CC well, with minimal water production observed. This reduction in water production could notably decrease the expenses related to water disposal, thereby improving the well’s economic viability.

The successful completion of this phase represents a substantial advancement for the White Sands Unit and the broader Paradox acreage. This development is expected to strengthen Zephyr Energy’s position in the Paradox Basin and enhance the overall potential of its operations in the region.

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