Business
First hydrocarbons produced at State 16-2LNCC well
First hydrocarbons produced at State 16-2LNCC well.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0222S\n Zephyr Energy PLC\n 11 November 2021\n \n \n \n \n Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n 11 November 2021\n \n \n Zephyr Energy plc \n \n \n (\"Zephyr\" or the \"Company\")\n \n \n \n \n \n First hydrocarbons produced at the State 16-2LN-CC well;\n \n \n well clean-up phase remains ongoing; and,\n \n \n Q3 non-operated asset portfolio production update\n \n \n \n \n \n Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, is pleased to provide an update on the ongoing production testing at the State 16-2LN-CC well in Utah, and to report on third quarter (\"Q3\") performance from its non-operated portfolio in the Williston Basin, North Dakota. \n \n \n \n \n \n The Company is delighted to announce the first flowing hydrocarbons from the State 16-2LN-CC well, even as production testing and well clean-up efforts remain ongoing. The production of hydrocarbons marks a major milestone for Zephyr, particularly as this is the first horizontal well in the wider Paradox Basin to flow hydrocarbons using a modern hydraulically stimulated completion.\n \n \n \n \n Combined with a substantial increase in Q3 production and associated cashflow from Zephyr's non-operated asset portfolio in the Williston Basin, the Company is well positioned to continue in the pursuit of its goal to develop a new hydraulically stimulated resource play in the onshore U.S. oil and gas sector.\n \n \n \n \n \n State 16-2LN-CC well update overview\n \n \n \n \n \n · The State 16-2LN-CC well was put on flowback on 28 October 2021, under a heavy 7/64 inch choke in order to prevent formation damage during early stages of flowback;\n \n · The well is now successfully flowing hydrocarbons;\n \n · Although production rates are facility constrained at present, the well is demonstrating highly encouraging daily average flow rates of 420 barrels of oil equivalent per day (\"boepd\") with recent hourly...