Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
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.
UK onshore oil production fell in 2019 to its lowest point for eight years, official data has revealed.
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.
Union Jack Oil said this morning it had acquired an extra 35% stake in the Keddington oilfield in Lincolnshire.
Egdon Resources has got the go-ahead for 15 years of oil production at its Wressle site near Scunthorpe.
DrillOrDrop’s round-up of the possible action on UK fracking and onshore oil and gas developments in 2020.
The government’s moratorium on fracking will not affect plans to enhance oil and gas production in north Lincolnshire, Egdon Resources said today.
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.