Egdon shares rise 80%+ as it agrees to £27m takeover
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
The venue and duration has been set for Egdon Resources’ appeal hearing against refusal of planning permission at its North Kelsey Moor site in Lincolnshire.
DrillOrDrop’s review of the latest UK onshore production data for February 2023 reveals rising daily oil production but falls at the newest producing field at Wressle. Lower gas production at Saltfleetby contributed to falls in the UK onshore gas total.
Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire.
DrillOrDrop’s review of the latest UK onshore production data for January 2023 reveals another record month for flaring at oil fields. For the first time in this series of articles, we’ve added data on onshore gas production.
New plans are underway to drill for more oil and gas at Wressle in North Lincolnshire.
The appeal hearing on plans to extend the life of an undeveloped oil site near Market Rasen in Lincolnshire will be held later this year.
Onshore oil production in the UK in 2022 slumped to the lowest level since 1989.
Flaring in the North Sea has halved in the past four years, the industry regulator announced today. But analysis by DrillOrDrop shows that flaring at onshore fields reached record levels in 2022.
DrillOrDrop’s review of the latest UK onshore oil data for November 2022 reveals the third consecutive monthly fall in daily production, halving output at Wressle and another record high for onshore flaring