What’s happened to onshore production since 2018?
Almost a fifth of UK onshore production fields have extracted no oil or gas in the past five years, according to analysis by DrillOrDrop.
Almost a fifth of UK onshore production fields have extracted no oil or gas in the past five years, according to analysis by DrillOrDrop.
Union Jack announced this morning it was buying a 3% stake in Beacon Energy plc, an onshore oil and gas company with assets in Germany.
Star Energy and Union Jack Oil have reported falling profits in interim accounts published this week.
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire.
Just three onshore wells were drilled in 2022, despite record oil and gas prices.
DrillOrDrop’s checklist of what to look out for in 2023 on UK onshore oil and gas
DrillOrDrop’s review of the latest UK onshore oil data, for August 2022: Horse Hill production recovers as key onshore figures rise.
The oil and gas operator, Egdon Resources, has reported increased revenues of more than 530% because of rising production and prices.
Union Jack Oil has revealed plans for two new wells next year, as it reported its first profit.