Losses in IGas more than doubled in 2019 to more than £50m as the company turned its back on shale exploration in north west England, annual accounts have revealed.
The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded
The number of onshore oil and gas wells drilled in the UK in 2019 was up slightly on 2018, which was a 68-year low for the industry. This year, operators spudded (began drilling) four, or possibly five wells, depending on how you count your wells.
IGas has confirmed that restoration is now underway at its first shale gas site in the East Midlands.
IGas said results from its Springs Road exploration well in Nottinghamshire were “highly encouraging” and a “step forward for shale gas development in the east midlands”.
Policing at two IGas shale gas sites in Nottinghamshire has cost nearly a million pounds, campaigners have revealed.
Two anti-fracking campaigners locked themselves together this morning outside the IGas site at Springs Road in north Nottinghamshire.
IGas has confirmed its first shale gas well at Springs Road in north Nottinghamshire has reached its total depth of 3,500 metres and encountered all three targets.
A crane and other equipment was delivered to IGas’s shale gas site at Misson in north Nottinghamshire early this afternoon.
The shale gas company, IGas, has given notice to local people that it is ready to start drilling at one of its sites in north Nottinghamshire.