Renewables company takes over fracking firm to rescue stranded assets
The would-be fracking firm, Third Energy, has been acquired by a renewables company, which plans to use old gas wells to generate geothermal energy.
The would-be fracking firm, Third Energy, has been acquired by a renewables company, which plans to use old gas wells to generate geothermal energy.
Union Jack Oil reported today it had made about US$300,000 (£217,000) from test production at the Wressle well in North Lincolnshire.
Rathlin Energy, the operator of two oil and gas sites in East Yorkshire, has declared an annual loss in 2020 of £1,015,920. This was slightly smaller than the previous year.
The shale gas company, Cuadrilla Resources, has described itself as “largely non-operational” following the moratorium on fracking in England.
The company behind plans to frack in North Yorkshire has told community representatives it is now concentrating on its conventional gas business.
More landowners in Yorkshire have joined a campaign opposing fracking and access to their property for seismic testing.
The company behind plans to frack at Kirby Misperton in North Yorkshire released its long-awaited 2016 accounts this morning, declaring a loss of £3.405m.
In this Fracking Week in Parliament: Bonds for fracking sites Fracking and climate change in Scotland