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Zephyr Energy CEO: latest well delivers top-tier flow, confirms commerciality at Paradox
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Manage episode 481202385 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) CEO Colin Harrington talked with Proactive's Stephen Gunnion about the strong production test results from the State 36 2R in the Paradox Basin, Utah. Harrington said the team was “really, really happy” with how the test played out, confirming high flow rates and robust early production metrics. The well achieved sustained rates between 700 and over 1,000 barrels per day at minimal choke and peaked near 3,000 barrels per day, despite not being fracked. Harrington highlighted, “We weren’t seeing any pressure drawdown, so that’s a great, great sign.” He added that typical rates in comparable onshore US wells range from 500–750 barrels per day, making Zephyr’s results “definitely in the highest quartile.” Additional positives included elevated liquid yields, minimal produced water, and a second successful use of its acid design completion method. Harrington also noted the installation of a Halliburton-designed fibre optic cable, which enabled precise data collection across the entire 5,000-foot lateral. The company will now focus on fluid analysis and updating its CPR through a third-party engineering firm. It also plans to engage a strategic or investment partner to accelerate development. Visit Proactive’s YouTube channel for more updates. Don’t forget to like this video, subscribe to the channel, and enable notifications for future content. #ZephyrEnergy #ParadoxBasin #OilAndGas #WellTest #EnergyInvesting #UpstreamOil #NaturalGas #UtahOil #ColinHarrington #OilProduction #CPRupdate #FlowRates #ProactiveInvestors
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612 episodes
MP3•Episode home
Manage episode 481202385 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) CEO Colin Harrington talked with Proactive's Stephen Gunnion about the strong production test results from the State 36 2R in the Paradox Basin, Utah. Harrington said the team was “really, really happy” with how the test played out, confirming high flow rates and robust early production metrics. The well achieved sustained rates between 700 and over 1,000 barrels per day at minimal choke and peaked near 3,000 barrels per day, despite not being fracked. Harrington highlighted, “We weren’t seeing any pressure drawdown, so that’s a great, great sign.” He added that typical rates in comparable onshore US wells range from 500–750 barrels per day, making Zephyr’s results “definitely in the highest quartile.” Additional positives included elevated liquid yields, minimal produced water, and a second successful use of its acid design completion method. Harrington also noted the installation of a Halliburton-designed fibre optic cable, which enabled precise data collection across the entire 5,000-foot lateral. The company will now focus on fluid analysis and updating its CPR through a third-party engineering firm. It also plans to engage a strategic or investment partner to accelerate development. Visit Proactive’s YouTube channel for more updates. Don’t forget to like this video, subscribe to the channel, and enable notifications for future content. #ZephyrEnergy #ParadoxBasin #OilAndGas #WellTest #EnergyInvesting #UpstreamOil #NaturalGas #UtahOil #ColinHarrington #OilProduction #CPRupdate #FlowRates #ProactiveInvestors
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