The leading partner in the Wressle oil site has reported an increase in revenues of 1099% in 2021, compared with the year before.
The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
UK Oil & Gas plc is investigating international oil and gas projects and renewable schemes at home, the company’s annual accounts said today.
Angus Energy has reported increased estimates of cash flow from its Saltfleetby site in Lincolnshire. But the company is likely to have to wait longer to see them with another delay in the date when gas is expected to flow.
IGas has confirmed it has relinquished the Tinker Lane shale gas licence in Nottinghamshire and written off £10m in exploration costs. But the company said it was continuing to work with regulators and government to end the moratorium on fracking in England.
Union Jack Oil reported today it had made about US$300,000 (£217,000) from test production at the Wressle well in North Lincolnshire.
The UK’s largest producing onshore oil producer lost more than £100m last year, according to company accounts.
Final consent had not yet been granted for the stimulation of the Wressle oil well in North Lincolnshire, Union Jack Oil confirmed today. But the company announced that tests on wells at two West Newton sites in East Yorkshire were expected soon.
The Horse Hill oil field in Surrey, once described by its owner as world class, was likened today to a “talented but troublesome teenager”.
IGas saw revenue drop by nearly half last year following production cuts and a falling oil price during the Covid-19 pandemic.