The recently acquired Whiting wells target production from the Bakken and Three Forks Formations in the Williston Basin of North Dakota, USA and consist of non-operated working interests in five wells located across three separate pads:
· The Iverson 11-14HU well, a well which is currently producing.
· The S-Bar 11-7HU and 11-7TFHU wells, which are drilled but uncompleted ( DUC ) wells.
· The Feehan 11-9HU and 11-9TFHU wells, which are also DUC wells.
The Company is pleased to announce that it received its first monthly revenue payment for production from its interest in the Iverson well. The payment of
US: Zephyr Energy provides update on North Dakota and Paradox Basin assets
04 May 2021
AIM-listed
Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development, has provided an update on its recently acquired non-operated working interests in
North Dakota, USA (the Whiting wells ), to announce the acquisition of additional near-term production interests in the nearby area (the Continental acreage ), and to provide an update on its project in the
Paradox Basin, Utah.
North Dakota assets: operations update
The recently acquired Whiting wells target production from the Bakken and Three Forks Formations in the Williston Basin of North Dakota, USA and consist of non-operated working interests in five wells located across three separate pads:
Oil price, Zephyr, Far, Trinity, SDX, Helium One.
Helium One Global (AIM:HE1)
Helium One has announced the completion of its extended infill 2D seismic campaign and identification of new priority drill ready targets ahead of commencement of exploration drilling programme at Rukwa Project (100%) in Tanzania.
Oil price, Zephyr, Far, Trinity, SDX, Helium One. And finally…
WTI $64.49 +91c, Brent $67.56 +80c, Diff -$3.07 -11c, NG $2.97 +4c, UKNG 61.26p +1.02p
Oil price
Oil is without doubt feeling comfortable taking the bull tack at present, whilst the battle between the optimists, who see the USA and China growing fast and with that concomitant rises in demand for gasoline and product across the board and the pessimists who see the virus raging across India is being won by the former. Whatever is happening elsewhere it seems that Covid is in retreat Stateside and the lumber price is up 80% as people restart construction with a boom.