Category: Preston New Road

Riverstone runs dry

Yesterday Cuadrilla’s parent, AJ Lucas announced that it had “approved the acquisition, effective immediately, of Riverstone’s interest in the UK shale gas explorer, Cuadrilla Resources.” What does this mean? Well Riverstone had owned 45% of Cuadrilla and had invested $US 58 Million in 2010 for equity in Cuadrilla Resources Holding...

Would he lie to you?

A couple of weeks ago we commented on Mr Egan’s claim that reports of damage were in the “low two figures”. It was a strange claim given that we have heard from a variety of sources that there were over 100. So what are we to make of the publication...

The fat lady is on stage

.. and she is already singing. Today Cuadrilla announced that they are demobilising the fracking equipment at their site at Preston New Road as they will not be able to restart fracking before their existing planning permission runs out at the end of November 2019. Before they can frack again...

The toys, the pram and the minister

So this week has been quite eventful after the deceptive peace of January, where all we could see happening was a bit of patio gas helping the “flaring” at Preston New Road. The week began with a blustering threat from Ineos to the government in which multi-billionaire man-child, Jim Ratcliffe...

Mind the gap!

Today’s saw the publication of the results of the BEIS Wave 27 quarterly opinion tracker. Some of you will remember that after a consultation in which respondents told the BEIS that the questions relating to shale gas were very important, the department immediately removed the questions from the next poll...