Zephyr Energy, the Rocky Mountain oil and gas company, has provided an update on the State 36-2R LNW-CC well (the 'State 36-2R well') at its project in the Paradox Basin, Utah.
Drilling operations continue to proceed safely and effectively.
The 8 ½-inch section reached the planned section total depth of 10,084 feet, after which the 7-inch casing string was set and cemented in place successfully.
Drilling will shortly commence on the final section of the State 36-2R well. The objective for this short section is to land the well safely within the Cane Creek reservoir and drill the remaining 320 feet (of which 270 feet will be drilled horizontally within the reservoir) to intersect both the reservoir and the productive natural fracture system encountered by the State 36-2LNW-CC well (the 'original well').
After reaching total depth and setting a production liner, the drilling rig will be demobilised and the well will be prepared for production testing.
At the current depth of 10,084 feet, the State 36-2R well is ten feet from the original well.
Colin Harrington, Zephyr's Chief Executive, said: 'I am pleased to report that drilling operations on the State 36-2R well continue safely and with such precision. Over the next few days we plan to intersect the Cane Creek and target the same natural fracture network identified by the original well.
'We will keep our stakeholders updated as drilling operations progress.'
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.
Source: Zephyr Energy
