he U.S. Geological Survey has assessed significant undiscovered oil and gas resources in the Woodford and Barnett shales of the Permian Basin, finding 28.3 trillion cubic feet of technically recoverable gas and 1.6 billion barrels of oil.
Zephyr Energy has completed its $7.3 million acquisition of working interests in accretive, mature proved developed producing (PDP) assets in core Rocky Mountain basins. The acquisition has an effective date of 1 June 2025, with cash flow accruing to Zephyr from that date.