Zephyr Energy has announced initial post-well evaluation results from the State 36-2R LNW-CC-R well at its flagship project in the Paradox basin, Utah. In addition, Zephyr also gave initial results related to hydrocarbon production in Q1 2025 from its non-operated asset portfolio in the Williston basin, North Dakota and Montana.
“The quality of the data gathered from our recent production test on the State 36-2R well is solid, and the results are robust,” said Colin Harrington, Zephyr’s Chief Executive. “The evaluation confirms that the Cane Creek reservoir is highly productive and potentially ranks alongside some of the most productive oil and gas plays in the U.S. The results also suggest that there may be a substantial increase in our base case recoverable resources which could add tremendous value to the project over time.
“The decision to perform a novel perforation and acidization completion has been very much vindicated, and the potential for further optimization of the project is exciting. Our operations team, alongside key service company partners, did an excellent job in delivering this result and I am thrilled with these initial findings.
“There is much still to do, and our team is hard at to work to deliver on our next key objective of delivering first gas.
“While the results announced today focus solely on the Cane Creek reservoir, it should be remembered that there are eight other overlying reservoir zones with core data that compares well with the Cane Creek B reservoir zone. This highlights the further substantial potential of our project acreage that is yet to be tested. The scale of the project has the potential to grow considerably, and we look forward to sharing further information with both the market and potential partners as work continues.
“I am also pleased to be able to announce our initial Q1 results from the Williston project which continues to perform as a cash generating engine for the wider group. Work at our Zephyr Hawk subsidiary has also commenced with a strong level of initial deal flow being evaluated.”
