Europa Oil & Gas, one of the main investors in oil production plans at Wressle, announced today it had cut salaries and cancelled non-core contracts because of the coronavirus outbreak and oil price falls.
Production from the Wressle oil site near Scunthorpe will break even at $17.62 a barrel, the operator, Egdon Resources, has said. In an update, the company’s managing director, Mark Abbott, said: “Our modelling shows that the Wressle development is economically robust at and below the current oil price […]
Egdon Resources has got the go-ahead for 15 years of oil production at its Wressle site near Scunthorpe.
The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
The future of Europa Oil & Gas Limited depends on production this year from the Wressle well in north Lincolnshire, the company’s accounts have revealed.
Events in January 2020 and beyond about UK fracking, onshore oil and gas and campaigning Deadline for submission of inspectors’ reports on Woodsetts and Ellesmere Port public inquiries Closing date for comments on UKOG bid to extend consents at Broadford Bridge Possible decision dates for planning applications in […]
DrillOrDrop’s round-up of the possible action on UK fracking and onshore oil and gas developments in 2020.
Union Jack Oil plc has raised £5m to press ahead with drilling plans at West Newton in East Yorkshire, the company announced this morning.
The government’s moratorium on fracking will not affect plans to enhance oil and gas production in north Lincolnshire, Egdon Resources said today.
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