Zephyr Energy has announced successful initial results from the production test on the State 36-2 LNW-CC-R well at the company's flagship project in the Paradox basin, Utah.
During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. We are pleased to report that the production test successfully delivered on all these key objectives, and, most importantly, the test data gathered suggests that there is more than sufficient deliverability for a commercial well.
The well test results suggest that the chosen completion strategy (hydra-jet abrasive perforation and matrix acidization) was highly successful, and the test data results fit well with the Company’s P50 estimate of reservoir properties. It should be noted that no fracture stimulation was performed to achieve this excellent well deliverability result. Fracture stimulation could offer further upside potential for both the well, and for the broader Paradox project development.
Further results from the production test, including estimated ultimate recoveries, will be announced when available.
“I could not be more pleased with the initial results from this latest production test,” said Colin Harrington, Zephyr's Chief Executive Officer. “Our team has worked exceptionally hard to crack the code to deliver highly economic production from this under-explored basin, and with today’s news I believe we have made huge strides forward.
“While the early results on this single well are fantastic and demonstrate commerciality, I am even more encouraged when considering the potential implications for the broader development of our Paradox project,” Harrington continued.
