A former fracking site in the North Yorkshire village of Kirby Misperton, once a lightning rod for environmental protests, may soon be a new frontier in Britain’s clean energy revolution. For the first time in the UK, an abandoned gas well could begin a second life as a source of geothermal energy.
It is a far cry from its beginnings as a highly contested site where frackers hoped to tap fresh reservoirs of gas trapped in layers of shale beneath the earth’s surface. In 2016, Third Energy was granted permission to carry out fracking at an existing well but its plans were ultimately thwarted by a government moratorium on using the technology in the UK.
Enteq Technologies plc (LON:NTQ) develops and supplies equipment for Measurement, Logging and Geo-steering while drilling of wells for the Geothermal, Oil and Gas markets.