Zephyr Energy, the Rocky Mountain oil and gas company, has announced that initial drilling operations have commenced on the State 36-2R well at the Company's flagship project in the Paradox Basin, Utah, U.S.
In line with the Company's announcement on 15 March 2024, a small and low-cost spudder drilling rig was mobilised to the well location on 20 March 2024. The spudder rig subsequently drilled a 30-inch hole to a depth of 96-feet before successfully setting 20-inch conductor casing. All operations were conducted safely.
The remaining sections of the well will be drilled using the Helmerich & Payne Rig 257, as also announced on 15 March 2024. The H&P rig has now been mobilised to the well site and will begin rig-up activity in mid-April, prior to commencing the larger drilling operation.
Paradox Project
Zephyr Energy's flagship asset is an operated 46,000-acre leaseholding located in the Paradox Basin, Utah which has been assessed by third party consultants Sproule International to hold, net to Zephyr, 2P reserves of 2.6 mmboe, 2C resources of 34 mmboe and 2U resources 270 mmboe.
The Paradox is a proven, productive basin characterised by a longstanding exploration and production history.
Colin Harrington, Zephyr's Chief Executive, said: 'We continue to make good progress at the well-site and are well prepared for the next phase of drilling which is expected to commence in mid-April.'
Source: Zephyr Energy
