• Zephyr is divesting a further 1,837 undeveloped acres in the Powder River Basin, Wyoming, through two transactions for US$2.275 mm in cash.
• Completion is expected before end‑June.
• Including prior divestments, Zephyr has now recovered US$5.8 mm of the US$7.3 mm acquisition cost (August 2025) without any material impact on acquired production. In addition, ~US$1.2 mm of near‑term plugging, abandonment, and capital liabilities have been offloaded. The assets generated ~US$1.7 mm of revenue to ....
22 May 2026
Zephyr Energy Plc (AIM: ZPHR): Further non core divestment of undeveloped leases in the Powder River basin
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Zephyr Energy Plc (AIM: ZPHR): Further non core divestment of undeveloped leases in the Powder River basin
Zephyr Energy PLC (ZPHR:LON) | 3.0 0 (-1.6%) | Mkt Cap: 64.1m
- Published:
22 May 2026 -
Author:
Stephane Foucaud -
Pages:
5 -
• Zephyr is divesting a further 1,837 undeveloped acres in the Powder River Basin, Wyoming, through two transactions for US$2.275 mm in cash.
• Completion is expected before end‑June.
• Including prior divestments, Zephyr has now recovered US$5.8 mm of the US$7.3 mm acquisition cost (August 2025) without any material impact on acquired production. In addition, ~US$1.2 mm of near‑term plugging, abandonment, and capital liabilities have been offloaded. The assets generated ~US$1.7 mm of revenue to ....