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Cuadrilla unveils huge new UK gas resources

The company has drilled two wells so far and is in the process of drilling another

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

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