Member Info for davwal

Gemini says:

The Bureau of Land Management (BLM) is holding a quarterly oil and gas lease sale that concludes today, March 31, 2026.

​This auction includes parcels specifically in Grand County, directly adjacent to or near Zephyr Energy's existing Paradox Basin footprint. Here are the key details of that sale:

​Parcels in Grand County: The BLM offered three specific tracts (Parcels 1662, 1672, and 1673) totaling roughly 3,200 acres.

​Location: These are located in northeastern Grand County, near Thompson Springs and the Book Cliffs region. This area sits just north/northeast of Zephyr's flagship White Sands Unit.

​Wider Sale context: Statewide, the BLM offered 57 parcels covering over 68,000 acres, but the Grand County parcels are the ones most relevant to Paradox Basin operators like Zephyr.

Zephyr is also pleased to announce that it has nominated approximately 38,000 net contiguous acres for inclusion in future federal lease sales by the U.S. Bureau of Land Management.

Colin why aren’t you cracking on with the required work-overs of the two wells marked for production alongside 36-2? Also, why aren’t you updating shareholders on plans for delivering future wells? Do you have any intentions in that regard?

Someone is definitely offloading..

The $7.5M funded the lateral extension only. The vertical had already cost ZPHR circa the same amount, hence the 50/50 sharing arrangement relating to production.

Seems there's a massive and increasing demand for gas in Utah, never mind elsewhere, so selling the stuff at a decent price should be the easiest thing in the World - eh, Colin?

I see the run rate for seven months of the non-op acquisition is sig lower than originally forecast by CH of $4M per annum.

Green River Village, then… Meanwhile no mention of actual progress against expectations for the infrastructure development. Which invariably means none.

I suspect Trump will become increasingly isolationist during the remainder of his term of office. He’s got himself in an awkward spot currently and will want to blame other countries entirely. Could be quite a rocky few years on the way. Agreed he will want more US-produced hydrocarbons.

I assumed yesterday was just Papaduke selling off again.

Zephyr isn't actually involved in any Land acreage auction. They've only nominated specific acreage for future auction consideration.

ZPHR is a passenger and doesn’t have any control of the throttle. That said, I’m sure those that do will be maximising production.

Devil’s Advocate - if Iran becomes ‘normal’ it is a country sitting on a lot of oil & gas which is currently not in the market. The poo won’t be hitting the heights if the floodgates are opened as part of generating income for a rejuvenated country.

This from RNS November 22, when 36-2 was being set up for drilling makes me wonder why there’s no evidence of progress on the planned follow up. I’m coming round to the argument that they never expected (Wanted?) to be the ones doing the onward development.

‘The timeline for drilling two additional wells (the State 36-3 LN-C9 exploration well and the non-operated Kirkwood Oil & Gas well targeting the oil-prone Cane Creek reservoir near the Cane Creek Field) will be determined after the State 36-2 LNW-CC has been drilled, factoring in infrastructure capacity and rig availability.’

Next auction in March for as yet unknown parcels of land. ZPHR has nominated the adjacent area but that doesn’t mean it will be included this round (four a year). Last auction in December for north east Utah blocks made record receipts.

The main reason for not producing has been no cost-effective way to get the gas and oil to market. That is now - finally- being resolved with a pipe connection to the regional distribution network. It’s been like pulling teeth getting to this point and it’ll be a bit longer yet. Everything suggests it will definitely happen.

So far as I recall, there has been no mention of a specific next well lined up to be drilled, regardless of who might be involved. That’s quite unusual in my experience of plenty of oil and gas exploration outfits, and this one apparently has a whole field of options and should soon have funds from its own production and non-op assets to use. Its like the company has just gone into suspension.

I don't think we should consider Enbridge and Williams as partners. They are both simply and literally the conduits to distribution.

In addition to the specific infrastructure and interconnection project with Zephyr Energy, Enbridge’s activities in and around the Paradox Basin are primarily driven by its role as a major regional utility provider and its ownership of extensive natural gas transmission assets.

As of February 2026, Enbridge’s operations in the region include:

Regional Gas Distribution and Utility Services: Following its acquisition of Dominion Energy’s Utah assets (now Enbridge Gas Utah), Enbridge operates the primary natural gas distribution franchise in the state. For the 2025-2026 plan year, Enbridge Gas Utah is managing an integrated resource plan to meet local demand of approximately 1.29 million dekatherms.

Rural Infrastructure Expansion: Enbridge is actively expanding natural gas access to rural communities in Utah under the "Rural Expansion Initiative." This includes projects such as the 12-mile pipeline extension in South Rim, Utah, and an 11-mile high-pressure pipeline from Elberta to Eureka, with construction work continuing through 2026.

Pipeline Operations and Maintenance: Enbridge owns and operates a major 16-inch natural gas pipeline that runs adjacent to producing fields in the Paradox Basin. This pipeline serves as a critical conduit for moving gas from the Paradox Basin into the larger Williams Northwest Pipeline system and broader Western U.S. markets.

Strategic Joint Ventures: While not exclusive to the Paradox Basin, Enbridge participates in regional joint ventures that impact the basin's takeaway capacity. For example, it is a partner in the Gulfstream offshore pipeline alongside Williams, which connects Gulf Coast supply to Florida markets.

Future Energy Exploration: Beyond conventional gas, Enbridge's presence in the Paradox Basin aligns with emerging interests in carbon storage and lithium brine extraction, areas the U.S. Department of Energy is monitoring within the basin's unique geology.

Regards CH's rather restrained responses and lack of fizz, he knew full well the affect his words would have on what had finally become a lively and upwardly mobile market. I think he'd realised agreeing to the interview was a bad idea and he was on a hiding to nothing, basically.

It’s an awful interview. Crap soft questions - even for the obsequious fat man - with mainly vague answers, other than a general message of everything takes a long time.