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IN BRIEF: Zephyr Energy completes State 16-2LN-CC well in Utah

Zephyr Energy PLC - Newbury, England-based exploration & production company - Reports progress ...

Alliance News 25 October, 2021 | 2:01PM
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Zephyr Energy PLC - Newbury, England-based exploration & production company - Reports progress made at its flagship project in the Paradox Basin, US state of Utah, where it recently drilled the State 16-2LN-CC well. The well was stimulated in fourteen separate stages across 4,020 feet of horizontal lateral wellbore. The stimulation utilised a total of 40,000 barrels of water, 2.4 million pounds of sand and a cross linked gel fluid, all in line with pre-completion forecasts. Production testing operations will commence Monday, Zephyr Energy says. As an initial step, cement plugs placed between stages will be drilled out, allowing for well clean up and the flow back of stimulation fluids.

"I very much look forward to keeping the market updated as soon as the well cleans up and production volumes become apparent - information which we expect to obtain over the next few weeks," says Chief Executive Colin Harrington.

Current stock price: 6.82 pence, down 6.6%

Year-to-date change: multiplied from 0.88p on December 31, 2020

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Zephyr Energy PLC 6.80 -

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