Star Energy was a British onshore oil exploration company until acquired by IGas Energy in December 2011

History

It was formed in October 1999 essentially as a

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 19 ...

of operations in the Weald Basin, acquired from Soco International. The buyout was funded by European Acquisition Capital. In June 2000, it expanded when it acquired the assets of Roc Oil in the

East Midlands Oil Province The East Midlands Oil Province, also known as the East Midlands Petroleum Province, covers the petroliferous geological area across the north-eastern part of the East Midlands of England that has a few small oil fields. The largest field in the ...

. In May 2004 it became a public company, listed on the

Alternative Investment Market AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market, Unlisted Securities Market (USM) that had been in opera ...

(AIM). In August 2005, it bought Pentex Oil, and increased its portfolio greatly in the East Midlands. These fields are based near

Welton, Lincolnshire Welton (; or Welton by Lincoln) is a large village and civil parish in the West Lindsey district of Lincolnshire, England. The population of the civil parish was recorded as 4,327 in the 2011 United Kingdom census, 2011 census. It is ...

at Reepham, near its

railway station Rail transport (also known as train transport) is a means of transport using wheeled vehicles running in railway track, tracks, which usually consist of two parallel steel railway track, rails. Rail transport is one of the two primary means of ...

. In November 2005 it opened its first gas storage facility at the depleted Humbly Grove oil field, near

Lasham Lasham is a village and civil parish in the East Hampshire district of Hampshire, England. It is northwest of Alton, Hampshire, Alton and north of Bentworth, just off the A339 road. The parish covers an area of and has an average elevation o ...

Hampshire Hampshire (, ; abbreviated to Hants.) is a Ceremonial counties of England, ceremonial county in South East England. It is bordered by Berkshire to the north, Surrey and West Sussex to the east, the Isle of Wight across the Solent to the south, ...

. On 7 March 2008, it de-listed from the AIM stock market, becoming subsidiary of

Petronas Petroliam Nasional Berhad, commonly known as PETRONAS (stylised in all caps), is a Malaysian Multinational corporation, multinational petroleum, oil and natural gas, gas company headquartered in Kuala Lumpur. Established in 1974, it is a lega ...

. In December 2011 all assets, with the exception of Humbly Grove were acquired by IGas .

Structure

It is based on the

Strand Strand or The Strand may refer to: Topography *The flat area of land bordering a body of water, a: ** Beach ** Shoreline * Strand swamp, a type of swamp habitat in Florida Places Africa * Strand, Western Cape, a seaside town in South Africa * ...

in the

City of Westminster The City of Westminster is a London borough with City status in the United Kingdom, city status in Greater London, England. It is the site of the United Kingdom's Houses of Parliament and much of the British government. It contains a large par ...

Divisions

Star Energy Group Ltd is the main company based in London, but it also has nine other smaller companies which house its operations, which include * Star Energy Weald Basin Ltd, based at the Holybourne. * Star Energy (East Midlands) Ltd, based at the Welton Gathering Centre and operates the fields of Welton, Stainton,

Nettleham Nettleham is a village and civil parish within the West Lindsey district of Lincolnshire, England, north-east of Lincoln between the A46 and A158. The population of the civil parish was 3,437 at the 2011 census. History The now-demolished ...

Cold Hanworth Cold Hanworth is a village and civil parish in the West Lindsey district of Lincolnshire, England. It is situated north-north-east from the city and county town of Lincoln, and just north of the A46. It is combined with Hackthorn to form the ...

Scampton Scampton is a village and civil parish in the West Lindsey district of Lincolnshire, England. The population of the civil parish including Brampton and Broadholme at the 2011 census was 1,358. It is situated north of Lincoln, south-east of ...

, Scampton North, and Eskdale. * Star Energy Oil and Gas Ltd, based near

Gainsborough Gainsborough or Gainsboro may refer to: Places * Gainsborough, Ipswich, Suffolk, England ** Gainsborough Ward, Ipswich * Gainsborough, Lincolnshire, a town in England ** Gainsborough (UK Parliament constituency) * Gainsborough, Saskatchewan, Ca ...

, and operates the fields at Beckingham, Egmanton, Corringham, Glentworth, East Glentworth,

Rempstone Rempstone is a village and civil parish in the Rushcliffe district of Nottinghamshire, England. It is close to Nottingham, Loughborough, Melton Mowbray and Shepshed as well as the Leicestershire border. The population of the civil parish at t ...

, Long Clawson, Bothamstall, and South Leverton.

References

External links

IGas
{{Energy in the United Kingdom, companies Companies formerly listed on the Alternative Investment Market Energy companies established in 1999 Oil and gas companies of the United Kingdom Petronas 1999 establishments in England