Wressle oil helps lift Union Jack revenues by 1000%+ in 2021 – accounts
The leading partner in the Wressle oil site has reported an increase in revenues of 1099% in 2021, compared with the year before.
Updated: Increased prices and production turn loss to profit for Egdon Resources
The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
80 fracking wells could supply 3 million homes in a year – IGas
IGas has estimated it could produce fracked gas for three million homes within 12-18 months if the fracking moratorium was lifted.
UKOG accounts look beyond Weald oil and gas
UK Oil & Gas plc is investigating international oil and gas projects and renewable schemes at home, the company’s annual accounts said today.
Breaking: UKOG gives up on oil drilling at Arreton, Isle of Wight
UK Oil & Gas (UKOG) has announced it will not appeal against the refusal of planning permission for exploration near the village of Arreton on the Isle of Wight.
Cuadrilla spent $0.9m in six months on fracking strategies and licence admin
The shale gas company, Cuadrilla, spent $900,000 in six months last year mostly on strategies to lift the fracking moratorium and administer its UK licences, it emerged today.
Onshore shale gas company closing
One of the winning companies in the most recent auction of onshore oil and gas licences is going out of business.
Wressle well test nets Union Jack $300,000 – company report
Union Jack Oil reported today it had made about US$300,000 (£217,000) from test production at the Wressle well in North Lincolnshire.
Horse Hill operator declares £17.8m loss
The operator of the Horse Hill oil site in Surrey lost nearly £18m in the year to September 2020 –a more than 15-fold increase on the year before.
No way forward for fracking two years after 2.9ML earthquake
Two years after the UK’s strongest fracking-induced earthquake, there’s no agreement on how to manage shale gas risks, an exploration company said today.
DRILL OR DROP? 