Back in 2013 Centrica decided it would be a good idea to invest in the nascent UK shale industry. The details when they came out revealed that they would pay: £40,000,000 Paid Up front£60,000,000 Initial Carry £46,700,000 Contingent Carry payable after the flow testing of gas for six months As...
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...
The papers today are running a story about Cuadrilla’s good will payments made to home owners who reported damage after the 2.9 Ml quake of Monday August 26th 2019. This article in the Times is typical so we shall comment on a few of the points it raises. A fracking...
.. 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...
Industry Tactics / Political Issues / Preston New Road / Public Opinion
by Refracktion · Published March 12, 2019
Yesterday UKOOG (The UK Onshore Operators’ Group) released a new report called “Updated shale gas production scenarios“. A scenario is literally “that which is pinned to the scenery” and it looks to us as though the scenery here is pretty shoddy. First of all let’s be clear about what the...
Today saw the publication of the BEIS Wave 28 public attitudes survey. The questions on fracking have remained after going missing in Wave 26, and reappearing in Wave 27 and they make grim reading for the fracking companies. Support has nosedived to its lowest level ever – the same 13%...
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...
Earthquakes / Political Issues / Public Opinion / Regulation
by Refracktion · Published October 31, 2018
Today Mr Egan finally put his cards on the table. It is clear that he has not been lucky in the hand he got dealt, and neither has he played it with any great skill. In interviews with The Times and the Financial Times he admitted today that his company...
Earthquakes / Industry Tactics / Preston New Road / Public Opinion / Regulation / Uncategorized
by Refracktion · Published October 30, 2018
In the circumstances that Cuadrilla find themselves unable to proceed without continually triggering seismic red lights the only sensible course of action is a moratorium on hydraulic fracturing in the Fylde and indeed in the entire country. Go on! Tell me it came as a big surprise to...
Readers of this blog will have see how Cuadrilla have claimed that the traffic light system only applies if a tremor happens while they are pumping – “If we had been pumping at that time it would have indeed been an amber event we would have confirmed it.” Imagine my...
...and from Pro-Frack anonymous troll Eli-Goth we received the following ringing (if illiterate) endorsement over on Drill or Drop:
...and from The Village Idiot of Little Plumpton AKA Geza Tarjanyi
"Do not believe Refracktion. John 'Obson is useless. 'e is industry"
Take the advice of Greg Clark, ex-Secretary of State for the Department for Communities and Local Government
"Those who are prepared to organise to be more effective and more efficient should be able to reap substantially the rewards of that boldness ...
Take power now. Don’t let yourself, any longer, be ruled by someone else"
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"What you have to be able to do when you decide you want to hydraulic fracture is make sure there are no faults in the area. That's really very very important"
Professor Mike Stephenson - Director of Science and Technology - British Geological Survey
Fracking the UK Volumes I and II now available free from this site
"Untrustworthy, unbalanced and potentially brain washing." - Amazon Review
Yes the industry hated the first volume that much :-)
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