Projects
Zephyr Today
- Zephyr is a clean public vehicle with no debt, low fixed costs and a team built to grow through development and acquisitions
- Active deal pipeline
- Proprietary tools built to give evaluation advantage
Paradox Basin, Utah
- Approximately 20,000 acreage leasehold
- Recent 3D Seismic
- DOE Partnership
- Excellent 3D seismic across position
- Natural fracture play may provide better economics than US resource plays
- Partnership with DOE to increase basin visibility
- Potential for DOE to fund a stratigraphic test well in an area near Zephyr’s holdings in 2H 2020 – can generate news flow and additional understanding of basin
DJ Basin, Colorado
- Strong local partners
- Proprietary basin model
- Option to participate in McCoy horizontal drilling program
- McCoy option extended – participation in a significant horizontal development alongside Great Western, one of the basin’s most active drillers
- Drilling expected 1H 2021
- Capex costs have already decreased by 30% in the region – break-evens lowered to sub $30/bbl
Zephyr Growth Plan
Why the Rocky Mountain Basins?
Ability to deploy capital at a range of scales
Potential for profitable growth
Broad range of asset opportunities and owner types
Increases chance for deal completion
Profitable asset base
Use of technology to select the best assets and take advantage of information asymmetry
Less competition and lower acreage cost compared to the larger Permian Basin, Eagle Ford and Bakken plays
Lower entry costs improving profitability and less competition.
DJ Basin lower well costs
Improves profitability and allows the broadening of the well portfolio
Utah asset
Focused base of operations from Denver
