Zephyr Energy commences drilling at State 36-2R well in Paradox Basin, Utah

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), a distinguished oil and gas company with a firm commitment to carbon-neutral operations, has embarked on an initiative in the Paradox Basin, Utah, U.S. This initiative underscores a significant stride in the realm of responsible resource development, emphasizing the company’s dedication to environmental stewardship alongside technological innovation.

In an exciting development, Zephyr Energy plc has initiated drilling operations on the State 36-2R well at its flagship project in the Paradox Basin, utilizing a small, cost-effective spudder drilling rig for the preliminary phase. This approach not only exemplifies the company’s commitment to cost efficiency but also to safety and environmental responsibility, with all operations carried out without incident.

The Helmerich & Payne Rig 257 will carry out the subsequent phases of drilling, heralding a significant step forward in the project’s progression. Zephyr Energy’s CEO, Colin Harrington, expressed optimism about the ongoing preparations for this next critical phase, slated to begin in mid-April.

Zephyr Energy stands out in the oil and gas industry for its forward-thinking approach, centering on the dual goals of financial prudence and environmental care. The company’s operations in the Rocky Mountain region of the United States are underpinned by a commitment to carbon-neutral processes and a respect for the natural world.

The Paradox Basin project, with its substantial leasehold and promising reserves and resources, represents a key component of Zephyr Energy’s strategic vision. This, coupled with the company’s portfolio of non-operated producing wells across the Williston Basin, forms the bedrock of its sustainable development model. Revenue from Williston Basin production is earmarked to support the Paradox Basin development, underscoring a self-sustaining cycle of growth and environmental responsibility.

As Zephyr Energy plc advances its operations in Utah, the company not only aims to enhance its position within the industry but also to redefine standards for responsible and sustainable resource development in the oil and gas sector.