Oil and gas contractors in the UK have been looking for other sources to supplement their revenues due to the dramatic fall in the price of oil and the high cost of drilling for oil and gas in the UK North Sea. With the UK government giving a nod to fracking, many oil and gas contractors and companies have shifted to fracking shale gas across the UK.
Egdon Resources is one oil and gas company that will begin extracting oil and gas from a well near Brigg in North Lincolnshire. It is estimated that the reserves in the area are worth £75 million, and the company will use an extraction method called mini-fracking.
With anti-fracking protestors meeting to step up their protest over the three-acre farmland site located in Wressle, Mark Abbott, Managing Director at Egdon Resources, tried to allay fears by explaining mini-fracking.
Mr. Abbott stated that the company uses a number of methods to optimise oil flow at Wressle, and one such method is proppant squeezing, which is also known as mini-fracking. This method is a small-scale operation and has been used several times across the UK. It was used in Crosby Warren and Scunthorpe for gas extraction. He claims that the method is different from traditional fracking, which cannot be used in North Lincolnshire since it does not have the rock formations containing shale gas.
Mr. Abbott stated that a proppant squeeze operation is not classified as per law as fracking, and it is a widely used standard practice in the UK. He went on to assure the residents that drilling of the well at Wressle had already been completed, and it had complied with the necessary guidelines, making sure there was little disturbance to the local community.
The well in Wressle is mainly an oil well, but it does have a small volume of gas that will be extracted to generate electricity for the site, while the surplus will be sent to National Grid.
Egdom Resources and its investors have invested £6.5 million in Wressle, and they hope to produce about two million barrels of oil over a period of 15 years.