Has Zephyr Energy Initiated a Major Expansion in the Paradox Basin?

January 20, 2025 08:54 PM AEDT | By Team Kalkine Media

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Has Zephyr Energy Initiated a Major Expansion in the Paradox Basin? — Image source: Shutterstock

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Highlights

Zephyr Energy begins operations for an extended lateral at the State 36-2 LNW-CC-R well.

The well is located in the Cane Creek reservoir, Paradox Basin, Utah.

The horizontal extension will add 5,500 feet to the existing wellbore.

Zephyr Energy PLC (OTC:ZPHRF) is actively engaged in the development of oil and gas resources in the Paradox Basin, a region known for its complex geology and exploration opportunities. The company has commenced an important phase in its operations with the initiation of an extended lateral project at the State 36-2 LNW-CC-R well, situated in Utah’s Cane Creek reservoir.

Details of the Extended Lateral
The ongoing project involves drilling an additional 5,500 feet horizontally from the existing wellbore. This extended lateral is expected to increase the well’s reach, providing access to further reservoir formations. The operation aims to enhance the company’s drilling capabilities and improve access to resources within the Paradox Basin.

Timeline and Next Phases
The drilling phase is anticipated to conclude within a 30-day period. Following this, the drilling rig will be demobilized, and equipment for well completion and production testing will be moved to the site. These steps are integral to advancing the well's operational readiness and moving forward with subsequent phases of exploration and development in the region.

Zephyr Energy’s Position in the Basin
With this extension, Zephyr Energy continues to strengthen its presence within the Paradox Basin. The addition of horizontal drilling to the State 36-2 LNW-CC-R well represents a strategic advancement in the company’s operations, aimed at increasing its operational scope and understanding of the geological formations in the area. The subsequent mobilization of completion and production testing equipment will provide further insights into the well’s performance and capabilities.

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