“I’m thrilled with the continued progress from the well site,” said chief executive Colin Harrington
Zephyr Energy PLC revealed positive results from testing at its State 16-2LN-CC well in Paradox Basin, Utah, U.S., which yielded “strong evidence” to support further development.
The Rocky Mountain oil and gas company said the wellbore diagnostic fracture injection test (DFIT) provided strong evidence of the potential to successfully develop the Cane Creek reservoir as a hydraulically stimulated resource play (HSRP). It described the well as a potential proof of concept.
Drilling was completed this summer, down 14,370 metres and 4,555 feet horizontally, and analysis indicated hydrocarbon charge across the entirety of the horizontal section with 85% of the bore deemed to be suited for production testing.
“I’m thrilled with the continued progress from the well site,” said chief executive Colin Harrington. “This marks tremendous progress, and the board’s subsequent decision to move forward with an HSRP completion is a clear indication of the significant value which we believe may exist through that development route.”
Harrington highlighted that the next step in the HSRP project will be a testing programme designed to substantially reduce risk and open-up a wider systematic and predictable development of the project.
“Production results from the first well, expected to be available in late October, will be the first test of the viability of this strategy – but given what we’ve learned to date, I feel confident that we’ll continue to hone drilling and completion techniques on this acreage well into the future,” he added.
“We now believe that our acreage holds multiple opportunities within both the Cane Creek and the shallower clastic reservoirs to support the drilling of additional wells to delineate the acreage.
“This first completion will add further data to help us understand the reservoirs and our ability to optimise well length, well spacing and completion design.”