Transformed Zephyr Energy set for production led growth

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Zephyr Energy PLC () provided an update on its recently acquired interests in the Williston Basin, North Dakota, where wells are in the process of being brought online for production.

The company acquired non-operated interests in the package of wells back in March. In a statement, today, Zephyr said it has received two monthly revenue payments for the producing Iverson 11-14HU well.

Four wells – two at the S-Bar area and two at Feehan – were drilled but uncompleted (DUC) at the time of the deal and all have now been completed. The S-Bar wells have been brought into production so far and the Feehan wells are expected to be placed into production within the next month.

“We have a great deal of activity going on across our project portfolio and I’m delighted with how everything is progressing,” said chief executive Colin Harrington. “We are particularly gratified that Whiting, the operator of five of our Williston wells, worked to accelerate the completion and production dates on the four DUC wells.”

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