Egdon Resources has announced it is acquiring Aurora Production Limited.
The oil and gas operator, Egdon Resources, has reported increased revenues of more than 530% because of rising production and prices.
The industry regulator has given the go-ahead for formal production at the Wressle oil site in North Lincolnshire.
The oil company, Egdon Resources, is to challenge today’s refusal of planning permission at its undeveloped North Kelsey site in Lincolnshire.
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.
Tests at the Wressle oil site in North Lincolnshire have exceeded flow rates of 500 barrels of oil per day, the operator, Egdon Resources said this morning.
The controversial proppant squeeze planned by Egdon Resources at its Wressle oil site in Lincolnshire has been delayed by up to four weeks.
Plans have been submitted for a new sidetrack well, testing and long-term production at the Biscathorpe oil site near Louth in Lincolnshire.
An oil exploration site in Lincolnshire, where only limited work has been carried out since 2014, will be allowed to operate for another 16 months.
North Lincolnshire Council has paid costs of £403,000 after losing an appeal on plans for oil production at Wressle, the site operator has confirmed.