Zephyr Energy hires rig for upcoming Paradox well
"Zephyr's operational team moved quickly to secure the rig contract with CWC,” said chief executive Colin Harrington
Company
Zephyr Energy PLC
LON:ZPHR
Zephyr Energy PLC is a technology-led oil and gas company focused on responsible resource development from carbon-neutral operations in the Rocky Mountain region of the United States. The company has a balanced portfolio of operated and non-operated assets, located in two established oil-producing basins in the Rocky Mountain region.
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Zephyr Energy clears final regulatory hurdle to restart Paradox drilling activity
A rig contract is “close” to being finalised, said the company's chief executive Colin Harrington
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Malcy's Blog - Oil price, UJO, Zephyr, Predator, Trinity, IOG, Reabold. And finally…
WTI (Dec) $85.05 +54c, Brent (Dec) $93.50 +$1.12, Diff -$8.45 +58c. USNG (Nov) $4.95 -41c, UKNG (Nov) 192.0p -32p, TTF (Nov) €101.69 -€22.16.Oil priceOil rallied as Chinese Covid numbers got better and the dollar eased. The Baker Hughes rig
Zephyr Energy inks Kirkwood partnership as countdown continues for Paradox wells
The company's chief executive Colin Harrington said it is an exciting period for Zephyr and the Paradox basin project
Zephyr Energy 'delighted' as latest Paradox acquisition completes
CEO Colin Harrington said the acquisition marks the start of "an exciting period" for Zephyr
Zephyr Energy posts US$26mln in first half revenue after Williston acquisitions
“We continued to make significant in-roads across both our Williston assets and the Paradox project" Colin Harrington said.
Zephyr Energy acquires substantial new piece to Paradox jigsaw
The deal increases Zephyr's footprint in Utah and adds key infrastructure
Zephyr Energy adds 1,920 acres to flagship Paradox Basin asset
The oil and gas company estimates the acquisition will add more than 4mln barrels of oil equivalent of additional 2C net resources to its flagship asset
Zephyr Energy's Williston Basin revenues rise again
Zephyr reiterated its 2022 production and revenue guidance of US$35-40mln in net non-operated revenue from 500,000 to 550,000 barrels of oil equivalent.
Zephyr Energy 'looking forward with confidence'
“We continue to make sustained progress on our stated mission - to open up the next prolific onshore US oil and gas play,” non-executive chair Rick Grant said
Zephyr Energy chair hails 2021 as time of substantial progress and transformation
"The 2022 fiscal year promises to be an equally exciting time for our shareholders,” Rick Grant said
Zephyr Energy boosts production portfolio in North Dakota
"The acquisitions announced today are an excellent incremental addition to our non-operated portfolio."
Zephyr Energy’s crypto venture offers novel and exciting revenue opportunity
A novel crypto mining operation promises to be a beneficial problem-solving catalyst for Zephyr.
Zephyr Energy eyes fast-track revenues from on-site crypto mining venture this summer
"The coming months will be a period of intense activity on the Paradox project,” says chief executive Colin Harrington.
Zephyr Energy net sales from North Dakota triple in first quarter
First-quarter revenues totalled US$11.5mln net to Zephyr at average costs of US$11.87/boe
Zephyr Energy has plenty of upside at Paradox Project, Turner Pope Investments says
Industry consultant Sproule estimates that total unrisked recoverable barrels of oil equivalent (boe), on a 2P/2C/2U basis net to the company, is over 231 million boe.
Zephyr Energy’s new CPR doubles contingent resources and books first reserves
Chief executive Colin Harrington called it a key milestone for the company
Zephyr Energy hedges 50% of production with BP
The programme, which will guarantee US$30mln of forecast revenue, comprises crude oil commodity swap agreements
Zephy Energy banks US$6mln from Williston Basin portfolio
"Our non-operated portfolio is now an excellent balance of 185 low-risk, high margin working-interests"
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Malcy's Blog - Oil price, Zephyr, Touchstone. And finally...
Oil price, Zephyr, Touchstone. And finally... WTI $115.68 +$8.01, Brent $118.11 +$7.65, Diff -$2.43 -36c, NG $5.02 +30c, UKNG 610.0p +252.0pOil price. Apologies for the late blog, I am just back from the USA and pressed for time and energy!
Zephyr Energy expects Paradox report in coming weeks
"We are excited about the detail and analysis provided to Sproule and have appreciated their thoughtful collaboration with our technical team to date," Colin Harrington said.
Zephyr Energy completes 'transformational' acquisition
The acquisition was funded through a combination of the issuance of equity and senior debt.
Zephyr Energy shows rapid production growth through fourth quarter
The company is a non-operating stakeholder in a growing portfolio of wells in North Dakota.
Zephyr Energy takes “huge steps” as it raises funds to acquire producing assets in North Dakota
The deal, funded by equity and debt, is expected to triple production and provide free cash flow to support high impact drilling in Zephyr's portfolio.
Zephyr Energy expects to complete North Dakota acquisition in January
“I am exceptionally proud of the company's achievements in 2021 - it was a period of intense activity and tremendous progress," said chief executive Colin Harrington.
Zephry Energy could fuel crypto mining to monetise Utah discovery
The company has received several approaches from owners of crypto mining facilities that could potentially be powered via by its new discovery in Utah
Zephyr Energy cheers production test success in Paradox basin
"I am incredibly excited about the production test results announced today," said chief executive Colin Harrington
Proactive weekly Oil & Gas highlights: Zephyr, COPL, Deltic, United Oil & Gas, 88 Energy, Tower Resources, Union Jack, Eco Atlantic, Tlou
It was another active week in the oil and gas sector.
Zephyr Energy lifts the bar with latest deal as ‘top stock’ of 2021 keeps rising
This stock is up more than 700% in 2021 - it doesn’t have a blockchain nor is it an internet meme, rarer still, it is an oil and gas company!
Zephyr Energy to double production with well acquisitions in North Dakota
Chief executive Colin Harrington described it as a landmark deal that gives the company a "significant, low-decline, low-risk, high margin production base"
Zephyr Energy 'absolutely delighted' as Paradox well starts producing in Utah
“Today marks a historic moment and heightens our expectations regarding the future development potential of Zephyr's leaseholding"
Zephyr Energy hails key milestone as US agency approves White Sands unit
“This approval is a direct result of the successful operations completed on the State 16-2LN-CC well," said chief executive Colin Harrington
Zephyr Energy ready to begin testing of Utah well after smooth and successful completion process
In the ten days since the last update the well, which is in the oil and gas-rich Paradox Basin, has been stimulated in 14 separate stages horizontally across 4,020 feet
Zephyr Energy ready to rock on the State 16-2LN-CC well
The company has overcome widespread logistical hurdles to get all the kit delivered to the well pad.
Zephyr Energy interims highlight “tremendous progress and activity”
"I am delighted by the tremendous growth and progress delivered during the period under review," said chief executive Colin Harrington
Zephyr Energy starts 100% carbon neutral operations ahead of target
“This groundbreaking initiative is a tangible demonstration of our determination to deliver on our core values of being both responsible stewards of our investors' capital and responsible stewards of the environment," said Colin Harrington
Zephyr Energy increases investments in North Dakota and announces new JV
“I'm delighted to report continued progress and significant growth on the non-operated side of our business,” said chief executive Colin Harrington
Zephyr Energy says Utah well tests provide 'strong evidence' to support further development
"I'm thrilled with the continued progress from the well site,” said chief executive Colin Harrington
Zephyr Energy adds DFIT testing to Paradox well programme
The extra testing phase is expected to deliver 'crucially important' insights which will be used in the planning of wider developments
Zephyr Energy announces latest well success in Utah
Results are presently being analysed ahead of production testing
Zephyr Energy says seven wells at Williston Basin now in production
"We expect significant cash flow generation from the non-operated portion of our portfolio over the coming months"
Zephyr Energy expands footprint and takes State 16-2LN-CC well horizontal
“It's an exciting time for the company, filled with short-term operational activity and long-term strategic potential,” said Colin Harrington
Zephyr Energy kicks off State 16-2LN-CC appraisal well
It is a pivotal period for the company’s efforts to unlock value in Utah, says chief executive Colin Harrington
Zephyr Energy mobilises rig for Paradox appraisal well
"I am delighted that the pieces are coming together for our forthcoming drilling programme," said CEO Colin Harrington
Zephyr Energy the best AIM performer in 2021 as resource stocks dominate the list of winners
It's been a good year so far for AIM stocks, with the FTSE AIM All-Share index up 7.9%
Zephyr Energy looking to unlock the wider potential of Utah asset with new approach
The work appears to have unlocked the potential of eight high-graded hydrocarbon reservoirs overlying the Cane Creek opportunity it was initially investigating. This could support 200 wells, giving a potential resource uplift of 125mln barr
Zephyr Energy signs up Cyclone for drilling work at Paradox
Zephyr is an oil and gas company focused on responsible resource development and carbon-neutral operations in the Rocky Mountain region
Proactive weekly oil & Gas highlights: Zephyr Energy, Challenger, San Leon, Mosman, Touchstone Exploration, 88 Energ, Scirocco, Providence Resources, Diversified Energy Company
It was an active week in the small-cap oil and gas sector.
Zephyr Energy gets greenlight for Utah well
"We are now well-positioned to finalise drilling preparations and third-party service contracts in advance of the proposed well spud next month," said Colin Harrington.
Zephyr Energy boosted as North Dakota wells come online
"We have a great deal of activity going on across our project portfolio and I'm delighted with how everything is progressing,” said chief executive Colin Harrington
Zephyr Energy to add its shares to the OTCQB market
"We believe dual trading on the OTC and AIM Markets represents another important step for the Zephyr corporate platform,” said Colin Harrington
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Malcy's Blog - Zephyr Energy and finally...
Zephyr Energy (LON:ZPHR) Zephyr has announced that it intends to achieve carbon-neutrality across its operational footprint by 30 September 2021. This industry-leading pledge is a major first step towards near-term delivery of hydrocarbons
Zephyr Energy targets carbon neutral operations by September
The company believes it will see expanded access to a wider group of potential institutional investors as a result of its new approach
Zephyr Energy expects to be in production this year at two sites
Lateral drilling at Paradox is scheduled to start in July
Zephyr Energy sees all newly acquired wells coming online ahead of schedule
“We look forward to substantially increased cashflows in the very near term," chief executive Colin Harrington said
Zephyr Energy becomes a producer as it completes North Dakota deal
The AIM-quoted firm has acquired assets described as described as 'low-risk’ with substantial near-term cash flow'
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Oil price, PetroTal, GKP, President, Tower, Touchstone, Advance, Zephyr. And finally…
After the recent raise I took the opportunity to catch up with Colin Harrington, CEO of Zephyr who told me just how exciting things are looking like at the company. With part of the money to finance the lateral well at Paradox that goes ahe
Zephyr Energy raises £10mln as it seals 'perfect' Bakken acquisition
"Today's developments mark a truly ground-breaking moment for the company,” said Colin Harrington.
Zephyr Energy targets production in Paradox Basin with lateral well later this year
This lateral well on its own is estimated to offer ultimate recovery of 694,000 barrels of oil equivalent
Zephyr Energy highlights Paradox upside as is it mullls sidetrack
“The board believes that the Paradox project has the potential to be a project of considerable scale versus Zephyr's current market capitalisation," Zephyr said.
Zephyr Energy sees multiple stacked reservoirs in State 16-2 well data
"It's an exciting time for the company as we continue our work to unlock the significant potential of our Paradox asset,” said chief executive Colin Harrington
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Oil price, Savannah, Zephyr, PetroTal, Angus. And finally…
Oil was virtually unchanged on the week, WTI down 9 cents whilst Brent eked out a 31 cent rise. The rally in the oil price had the sting taken out of it by the re-emergence of Covid in China, only a day or so before that had been the better
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Proactive news headlines: Zephyr Energy, Inspiration Healthcare, Gaming Realms, Synairgen ...
A glance at some of the day's highlights from the Proactive Investors newswire
Zephyr Energy says its “thrilled” with initiation data from State 16-2 well
“We expect to receive multiple rounds of reservoir information, and we look forward to updating shareholders with our initial findings later this week”
Zephyr Energy cheers success of State 16-2 well
"This is a fantastic result - we delivered on our two major objectives," said chief executive Colin Harrington
Zephyr Energy says State well is progressing as expected, eyes deal possibilities
"2021 promises to be a very exciting year for the company," said chief executive Colin Harrington
Zephyr Energy kicks off State 16-2 well drilling in Utah
Chief executive Colin Harrington described the start of drilling as “a watershed moment” for the company.
Zephyr Energy counts down to spudding of State 16-2 well
“It's an exciting moment for the company and its stakeholders as we begin to unlock the considerable value from our Paradox project," said Colin Harrington.
Zephyr Energy: Rig contractor signed-up for Utah well
"We are ready to commence drilling in the very near term," chief executive Colin Harrington said
Zephyr Energy provides update on its Paradox project, where it is preparing to spud the 'dual-use' State 16-2 well
The Rocky Mountain oil and gas company said it has now received all the final approvals required to proceed with the spud of the State 16-2 well
Zephyr Energy kicks off site works for Utah well project
The collaboration well is due to spud before the end of 2020
Zephyr Energy bolstered as it counts down to State 16-2 well
“I'm very encouraged by the momentum that we are building," said chief executive Colin Harrington
Proactive weekly oil and gas highlights: Zephyr Energy, Touchstone Exploration, Union Jack Oil, Mosman, Prospex, Aminex, ADM Energy
It was another busy week in the small-cap oil and gas sector.
Zephyr Energy says it is fully funded to drill State 16-2 well following oversubscribed placing
The AIM-listed oil & gas firm said the placing of around 409mln new shares raised £2.25mln and has been conducted with a range of new, existing and institutional investors
Zephyr Energy says dual-purpose well on the Paradox project to be spudded by year-end
Zephyr and the University of Utah’s Energy & Geoscience Institute have agreed on the funding of the planned stratigraphic research well
Zephyr Energy expecting exciting developments over the coming months
“Zephyr is a clean, low-overhead, unlevered and value-focused vehicle from which to build," said chief executive Colin Harrington