UK unconventionals player IGas Energy has set its sights on spudding its next well before the end of the year as it lines up a rig.
The company has secured a drilling unit to sink the Ellesmere Port probe in the north-west of England, it said on Thursday.
The straight vertical exploration will be the third such probe for IGas in a sequence “designed to give (the company) a suite of results from three wells distributed across its licenced areas” in the region.
“The second of these wells drilled at Barton Moss and completed in “the first quarter) is currently being evaluated.
“The core analysis has commenced and full results will be available after the 14 Licence round applications have been submitted.
“The exploratory work undertaken to date together with offset well data has given the company sufficient information to be able to design an appropriate hydraulic fracture program for wells in the area.
“This will prove invaluable for future planning applications for potential shale wells and the ability to demonstrate the commerciality of gas extraction from these deep formations.”
As well as shale potential, IGas will be assessing the coalbed methane potential at Ellesmere Port.
IGas has licences over three fields in the north-west of England, covering a combined 1259 square kilometres. It also has plays in southern England, the East Midlands and Scotland.