IGas Completes UK Shale Gas Farm-out to Total

UK onshore producer IGas reported Tuesday that it has completed its farm-out agreement with Total E&P UK Limited.

In January, Total confirmed that it had agreed to take a 40-percent interest in two shale gas exploration licenses: PEDL 139 and PEDL 140. These licenses are located in the Gainsborough Trough area of the East Midlands region of England and cover an area of approximately 90 square miles. They border PL178 and PEDL006 at Beckingham – an existing producing IGas-operated field.

The deal leaves IGas, which assumes operatorship of the licenses, with a 14.5-percent stake in the licenses, while Dart Energy Europe, Egdon Resources and eCorp Oil & Gas retain 17.5 percent, 14.5 percent and 13.5 percent respectively.

IGas said that all the necessary consents and approvals have now been received from the UK Department of Energy and Climate Change, including IGas’s operatorship of the licenses.

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  How to Become a Safety Engineer (Sep 18)
 -  How to Become a Geologist (Sep 15)
 -  Oil, Gas Industry Leadership Group to ... (Sep 14)
 -  CB&I Wins China PDH Unit Contract (Sep 11)
 -  What Kind of Salary Potential Do Geote... (Sep 8)


Most Popular Articles

From the Career Center
Jobs that may interest you
Account Manager
Expertise: Business Development|Sales
Location: Houston, TX
 
Project QA-QC Supervisor/Engineer
Expertise: Drilling Consultant|Environmental, Safety & Training|HSE Auditing
Location: Minot, ND
 
Account Manager
Expertise: Business Development
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours