Losses rise at Egdon – preliminary results
Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
July 2020 headlines
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
“Fracking moratorium more likely to be reversed by politics than science”
Updated 24 April 2020 The investment bank, VSA Capital, has hinted that politics, rather than science, could overturn the moratorium on onshore fracking in England.
2019 UK onshore oil production continues downward trend
UK onshore oil production fell in 2019 to its lowest point for eight years, official data has revealed.
Egdon’s late life oil fields “unprofitable” at current prices
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.
Union Jack increases stake in Keddington oilfield
Union Jack Oil said this morning it had acquired an extra 35% stake in the Keddington oilfield in Lincolnshire.
Breaking: Egdon wins appeal on Wressle oil production
Egdon Resources has got the go-ahead for 15 years of oil production at its Wressle site near Scunthorpe.
What to watch in 2020
DrillOrDrop’s round-up of the possible action on UK fracking and onshore oil and gas developments in 2020.
Egdon and campaigners clash over fracture plan for Wressle as inquiry ends
The government’s moratorium on fracking will not affect plans to enhance oil and gas production in north Lincolnshire, Egdon Resources said today.
Egdon to seal Biscathorpe oil well after it fails to find target formation
Egdon Resources’ new well at Biscathorpe, near Louth in Lincolnshire, has failed to encounter the oil formation it was targeting, the company said this afternoon.
