Zephyr Energy confirms early completion of Dominion Energy Utah’s gas pipeline
Zephyr Energy plc, a technology-driven Rocky Mountain oil and gas company focused on carbon-neutral operations, confirmed the early completion of Dominion Energy Utah, LLC’s gas supply pipeline. Originally estimated for the fourth quarter of 2023, the pipeline is now expected to be operational within the next 30 days. This development has implications for Zephyr’s Paradox Project and provides an avenue for increased natural gas volumes.
Dominion’s Pipeline Ahead of Schedule, Zephyr Set to Benefit
The Rocky Mountain oil and gas company Zephyr Energy has been informally notified that the pipeline from Dominion Energy Utah will be available to receive gas volumes from Zephyr, contingent upon the completion of Zephyr’s infrastructure, wells, and necessary regulatory approvals. This pipeline development, which connects to the Northwest Gas Pipeline system in the Green River area, is ahead of original timeframe estimates.
Zephyr’s Upcoming Financial Report to Include Pipeline Update
In line with these developments, Zephyr Energy expects to give a detailed update on the pipeline and its Paradox Project’s status in the interim financial report. This report will cover the six months ending on 30 June 2023 and is scheduled for release by 29 September 2023.
Zephyr’s Broader Portfolio and Environmental Commitment
Zephyr Energy, a major player in responsible resource development, operates on more than 46,000 acres in the Paradox Basin, Utah. Their holdings have been assessed to contain significant reserves and resources, thus contributing to their broad portfolio of both operated and non-operated assets across the Williston Basin in North Dakota and Montana. Zephyr plans to use cash flows from Williston production to fund their Paradox Basin development, while also considering further value-accretive acquisitions.