With major oil deposits uncovered in England, an advocacy group said it was concerned about the pace of the fledgling shale industry in the country. U.K. Oil & Gas Investments announced there may be as much as 100 billion barrels of oil onshore in the Horse Hill license area of the Weald basin in southern England. “Appraisal drilling and well testing will be required to prove its commerciality, but this Weald hybrid play has the potential for significant daily oil production,” UKOG Chief Executive Officer Stephen Sanderson said in a statement. The discovery comes as the country contemplates the future of North Sea production, where older fields are in a steady state of decline. Operating expenses in the North Sea are up 8 […]