Zephyr Energy plc to acquire Utah Trust Lands Administration

Zephyr Energy plc has agreed to acquire assets from the Utah Trust Lands Administration in a cash-funded asset sale. The transaction was announced on 2 July 2026 and involves a UK-based energy buyer purchasing US-based energy assets. The deal value was not disclosed to the public, and the specific consideration breakdown beyond the cash element remains unreported. This transaction represents a cross-border acquisition within the energy sector, facilitating the transfer of assets from a US state administration to a British public company.

The parties have confirmed that the transaction is now completed. While the financial terms remain private, the completion marks the finalisation of the asset transfer process. Regulatory approvals and other standard conditions were satisfied to allow the deal to close. The management team of the target has not been involved in a buyout structure, as this was a direct asset purchase by the acquirer. The deal stands as a completed cross-border transaction in the energy sector.