Has the Fat Lady just Sung?
Sometimes there are, apparently, other things going on besides Brexit!
Last week I noticed this article in The Times saying that Cuadrilla had abandoned its fracking plans at its NW England site, though it would do a flow test through the fracks that it had been able to deliver.
Accompanied by the insight that Cuadrilla’s private backers may be ‘exploring options to exit the business’, it is reasonable to ask what the future holds?
Personally I have been and remain unconvinced by the argument that the Bowland Shale will yield a major unconventional resource as it does not have the history of significant, even major, conventional resources that the prolific US onshore unconventional basins all have.
Of course I could be wrong, as I have been about many things, but it would seem sensible for the BGS* and the OGA* to figure out where the much-heralded and highly desirable future energy supply for the UK might in fact come from.
Now let’s see - where is there a major conventional petroleum province lying within the UK’s territory, underpinned by at least one of the world’s great source rocks?
Hmm, let me think!!
*For non-UK readers, that’s the British Geological Survey and the UK’s Oil & Gas Authority.
That’s not what I said. The Appalachian Basin was one of the earliest petroleum provinces in the USA, and for a while was the dominant one = a significant conventional production history. I’m sorry if this doesn’t align with Egdon’s thinking.
Commercial and Business Development Director at Egdon Resources a HEYCO Energy Group company Former CEO at TSX-V listed Realm Energy
5 年There were almost no wells drilled on the most prolific parts of the NE Marcellus before it was targeted for shale.