Cuadrilla unveils huge new UK gas resources

21 September 2011

 CUADRILL SHALE GAS DRILLING
 UK GAS PRODUCTION RESERVES CONSUMPTION
 SHALE FRACKING IN LANCASHIRE
Helen Robertson, BLACKPOOL: UK junior Cuadrilla Resources today claimed it is sitting on 200 trillion cubic feet (cf) of shale gas from just two wells drilled in northwest England. It hopes to start commercial production by mid-2012.

The company, which has been exploring for shale gas at sites near Preston in Lancashire and Banks, near Liverpool, has drilled two wells so far and is in the process of drilling another.

“We’re excited,” Dennis Carlton, Cuadrilla’s executive director told PEU. “It’s a significant number [200 trillion cf], but we need to refine it and make sure we can quantify it.”

Cuadrilla explained this was an estimate for gas in place, not necessarily ultimately recoverable volumes. The company said it would not know exactly how much gas could be recovered until it had finished the exploration phase and the results had been analysed. This would likely be...



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Comments

Will the shares in Cuadrilla be available to the public to buy, if so when ?

Joyce Ford | Oct 31, 2011

Whilst wishing Cuadrilla well in this project, it is far too early to quote reserves figures - maybe in 500 wells time perhaps. It is also invidious to compare conventional fields like ormen Lange and troll with an unconventional 'reservoir'. Many people also do not mention that the performance of most unconventional wells goes into decline within days rather than years. The UK play will not work unless we have a massive increase in drilling rigs and fracking crews available. The real game changer as compared with the US is land ownership and accessibility

tony grindrod | Sep 26, 2011

For all you conservationists who are protesting, do your bit and disconnect your gas! and by the way, Electricity is also destroying theearth, so turn that off too, BUT, don't burn wood or candles, they put off smoke!.. better still, Go to the Moon!

Jeff McGinn | Sep 25, 2011

This gas field should be operated by a new company unconnected with the present "Big Six" cartel of domestic Energy suppliers. At the very least consumers are entitled to substantial reductions in the cost of energy. Neither industry nor politicians will be forgiven if this does not happen. If this means cut-throat competition and price wars- bring them on!!

Michael Martin-Smith | Sep 22, 2011

I'm a bit concerned that the author of this piece has glossed over the connection between hydraulic fracturing and earthquakes. There is a history of this process causing minor earthquakes in several parts of the United States. To my knowledge, Blackpool does not sit on an active fault line. So it is incredibly coincidental that the minor earthquakes occurred after Cuadrilla started drilling. While it seems exciting that there may be 300 trillion cubic feet of shale gas in the area, the fact remains that all of Cuadrilla's operations in the UK will be shut down if it is proven that fracking causes earthquakes. Surely we should all wait until the results of the test come out before celebrating how fantastic a find this is and lauding its benefits.

Tisha Brown | Sep 21, 2011



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