In November 2014, Hutton acquired Newton Energy (UK) Ltd, a junior oil and gas exploration company with four onshore UK licenses, covering 450 sq km in the Widmerpool sub-basin and adjacent shelf.
There are four proven undeveloped oil discoveries from previously drilled wells, with cumulative P1 reserves greater than 570,000 bbls, and five further prospects and leads. Hutton sees significant opportunity to apply modern drilling techniques on these conventional proven reservoirs.
In the near term, Hutton is proposing to drill two wells, which will target the conventional prospects. The company will work closely with County Councils and Members of Parliament to ensure the local communities are well-informed and that all due processes are followed.
With its acquisition of the East Midlands licenses, Hutton has put together a UK team of strategic partners and experienced personnel with particular knowledge of the UK onshore energy industry.
Please visit www.huttonengage.com for relevant, up-to-date information about our work in UK communities.