Latest onshore oil production – June 2022
DrillOrDrop’s review of the latest UK onshore oil data for June 2022: daily onshore oil production was still at historically low levels, despite increasing oil prices.
Updated: New sidetrack well planned for Whisby oil field
Plans for a new sidetrack production well at the Whisby oilfield are being considered by Lincolnshire planners.
West Newton target switches back to gas
Rathlin Energy is apparently no longer targeting oil at its two sites at West Newton in East Yorkshire.
E Midlands fracks could supply 3m homes in a year and be less prone to earthquakes- IGas
The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.
IGas CEO leaves immediately
Stephen Bowler, who has been chief executive of IGas for the past seven years, is leaving immediately by mutual consent.
Campaigners warn of “huge backlash” if government rewrites rules on fracking
Fracking opponents have warned of a “huge backlash” if the government agrees to industry demands for new rules to make shale gas production quicker and easier.
Union Jack shares fall on Wressle estimates
Shares in Union Jack Oil fell more than 20% on the publication of an assessment of the Wressle oil field in North Lincolnshire this morning.
UKOG share placing raises another £3m for operations in Turkey
Weald-based UK Oil & Gas plc (UKOG) announced this morning it has raised £3m to spend in Turkey.
Union Jack lends £1m to Europa Oil & Gas
One of the investors in the Wressle oil field in North Lincolnshire is lending £1m to another.
Fracking moratorium to be lifted – reaction
DrillOrDrop is compiling reaction to the government’s announcement that it will lift the moratorium on fracking in England.
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