Zephyr Energy is an upstream oil and gas company with a strategic focus on the Rocky Mountain region of the US.
The company’s core asset is a 75% operated interest in more than 25,000 acres of lease holding in the underexplored yet highly prospective Paradox Basin in Utah. In a project team with the University of Utah’s Energy & Geoscience Institute (EGI) and the Utah Geological Survey (UGS), coupled with sponsorship from the US Department of Energy (DOE), Zephyr recently drilled the State 16-2 stratigraphic test well located on the company’s acreage. Early indications are very positive, suggesting the presence of hydrocarbons across multiple reservoirs and the data is now undergoing detailed analysis, the results of which are anticipated over the coming weeks, with a summary of early data likely to be announced on 29 January 2021.
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