The shale gas company, Cuadrilla, has recorded an annual profit for the first time following a multi-million dollar payment from partner, Centrica.
IGas declared a profit of £15.5m in 2017, after two previous years of loss.
The shale gas company, Cuadrilla, said this morning it estimated fracking would begin between April and June this year.
The former executive of one of the INEOS chemical companies has been appointed head of INEOS Shale, the UK’s largest holder of shale gas exploration licences.
Francis Egan on drilling in 2017, low gas prices, financing expansion and how many wells can you fit on a site
The chief executive of shale gas company, Cuadrilla, gave evidence last week to peers on his company’s operations, financing and plans for the future.
The most successful company in last year’s oil and gas licence round has set out a timetable for its plans to frack in three regions of England. INEOS Shale announced seismic surveying would be carried out this summer and planning applications submitted later in the year.