Wressle boosts Egdon production
Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire.
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.
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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.
Egdon Resources said today it was “likely” to appeal against the refusal of planning permission for drilling and production at Biscathorpe in the Lincolnshire Wolds.
The operator of the Wressle oil well in North Lincolnshire said initial production exceeded 884 barrels of oil per day (bopd).
Union Jack Oil has raised £7m for work at oil sites in the East Midlands and future acquisitions.
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.