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Zephyr Energy Buys Additional Acreage in US Paradox Basin

MT Newswires·10/14/2026 03:18:11
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03:18 AM EDT, 10/14/2026 (MT Newswires) -- Zephyr Energy (ZPHR.L) acquired additional land in the Paradox Basin of Utah, US, boosting its overall land footprint by 10%. The recently purchased 5,692 acres are located immediately to the north of the UK-listed oil and gas company's existing White Sands unit, according to a Wednesday filing. The undeveloped land has primary lease terms of ten years. By utilizing existing and planned pipeline and processing infrastructure, the company intends to use the additional land to form a new Federal unit just like the White Sands unit or expand the existing White Sands unit, subject to regulatory approvals.