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.
Union Jack Oil reported today it had made about US$300,000 (£217,000) from test production at the Wressle well in North Lincolnshire.
Oil production at the Horse Hill site in Surrey fell for a second month in a row, according to official data published today.
Two UK onshore companies announced today they were temporarily shutting-in some sites to cut production following falling oil and gas prices
The former head of BP and the fracking firm Cuadrilla has warned that oil prices will remain low for “some considerable time”.
The short answer is not many companies sank wells anywhere onshore in 2015. The number of oil and gas wells drilled in the UK in 2015 was the lowest for almost 40 years.