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.
The UK shale gas industry has upgraded production estimates by more than 70% following early results from two sites.
Egdon Resources’ new well at Biscathorpe, near Louth in Lincolnshire, has failed to encounter the oil formation it was targeting, the company said this afternoon.
IGas told shareholders this morning it was making plans to restore the Tinker Lane site in north Nottinghamshire after drilling failed to find the Bowland shale.
Drone pictures of IGas’s Misson Springs shale gas site in north Nottinghamshire show that the drilling rig and other equipment has now been installed.
A crane and other equipment was delivered to IGas’s shale gas site at Misson in north Nottinghamshire early this afternoon.
Images from the IGas site at Tinker Lane in north Nottinghamshire this morning confirm that the company has begun demobilising and removing equipment.