en.Wedoany.com Reported - Zephyr Energy plc has added 27,000 acres to its Paradox project in the Paradox Basin, Utah, USA. The newly acquired acreage is primarily located to the south and west of the company's White Sands Unit (WSU), forming a largely contiguous area that facilitates future development drilling, doubling the footprint around the WSU and significantly expanding the company's access to the proven Cane Creek reservoir and the broader Paradox formation oil and gas resources.

Zephyr acquired approximately 24,000 acres through a competitive lease sale by the U.S. Bureau of Land Management (BLM), with the remainder obtained through direct, targeted negotiations with the Utah Trust Lands Administration (TLA). BLM leases have an initial term of 10 years, while TLA leases have an initial term of 5 years. Based on the company's regional geological assessment, the operator expects that the reservoir conditions in the new acreage are similar to the Paradox formation within the WSU and can be developed synergistically with existing and planned WSU infrastructure. Additionally, Zephyr stated that there is further exploration and development potential for helium beneath the Paradox formation on the newly acquired acreage. Including the new acreage, the company now operates a total land area of approximately 70,000 acres in the Paradox Basin, holding a 100% working interest in the majority of this acreage.

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