business
Zephyr Energy acquires 27,000 acres in Utah’s Paradox Basin
Key takeaways
- This brings the UK-based oil and gas company's total operating acreage in the basin that makes up the Paradox project to around 70,000 gross acres, most of which are held with a 100% working interest.
- The majority of the newly acquired land, around 24,000 acres, was secured through a competitive lease sale conducted by the US Bureau of Land Management (BLM).
- The remaining acreage was obtained via direct negotiations with the Utah Trust Lands Administration (TLA).
Zephyr Energy acquires 27,000 acres in Utah’s Paradox Basin Around 24 · Offshore Technology Shree Mishra Mon, June 29, 2026 at 5:29 PM GMT+7 2 min read ZPHR.L Zephyr Energy has expanded its operated land position in the Paradox Basin, Utah, US, with the acquisition of approximately 27,000 acres of additional leases.
This brings the UK-based oil and gas company's total operating acreage in the basin that makes up the Paradox project to around 70,000 gross acres, most of which are held with a 100% working interest.
The majority of the newly acquired land, around 24,000 acres, was secured through a competitive lease sale conducted by the US Bureau of Land Management (BLM).
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop