Difference between revisions of "Cuadrilla Resources"
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*in February 2010 on a group restructuring and a $58m capital investment led by Riverstone/[[Carlyle Global Energy]] and [[Power Funds]] managed by [[Riverstone Holdings]] LLC and [[AJ Lucas Group]] Ltd, a company listed on the Australian Stock Exchange. | *in February 2010 on a group restructuring and a $58m capital investment led by Riverstone/[[Carlyle Global Energy]] and [[Power Funds]] managed by [[Riverstone Holdings]] LLC and [[AJ Lucas Group]] Ltd, a company listed on the Australian Stock Exchange. | ||
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| + | *in December 2011 on Cuadrilla's acquisition of a significant equity participation in a Hungarian O&G project, including successfully fracking a test well. Peachey's website reported that 'Further equity interests will be acquired following further seismic work and the drilling of a further exploratory well during 2012'. | ||
*in October 2012 with negotiations with the UK Government to recommence its hydraulic fracking operations in the UK. | *in October 2012 with negotiations with the UK Government to recommence its hydraulic fracking operations in the UK. | ||
| − | + | In June 2013 Peachey & Co acted for the Australian stock exchange quoted company [[A J Lucas Group]] Ltd in the sale of part of its interest in the Bowland shale gas exploration licence area to [[Centrica]] plc. A J Lucas is a major shareholder in Cuadrilla Resources which is the co-owner on the licence. | |
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| − | |||
| − | In | + | In March 2013 ''The Lawyer'' magazine reported that former [[Slaughter and May]] lawyer [[Hubert Ashton]], now a partner at Peachey, admitted that the past few months of exploratory digging, questions in the House and earthquakes have been “interesting”. <ref> Matt Byrne, [http://www.thelawyer.com/analysis/market-analysis/analysis-on-bracewell-and-giuliani-and-the-shale-gas-market-the-fracking-truth/3001826.article Analysis on Bracewell & Giuliani and the shale gas market: The fracking truth], ''The Lawyer'', 4 March 2013 </ref> |
==Affiliations== | ==Affiliations== | ||
Revision as of 15:05, 21 July 2014
Cuadrilla Resources is a UK energy company based in Staffordshire. Set up in 2007 and backed by British Gas, it has been described as "the pioneer of fracking in the UK". In July 2013 it announced it would apply for planning consent to start fracking on sites in the Fylde area of Lancashire. [1] In May and June 2014 it submitted applications to frack at sites Preston New Road near Blackpool in the Northwest and at nearby Roseacre Wood.
Contents
Activities
Cuadrilla is a UK-registered company privately owned by its management team and two investors, the Australian drilling and engineering company AJ Lucas (43%) and Riverstone LLC.
It has "some 70 staff in the UK both directly employed and through contractors, mostly based at the well sites. The main contracting partner in the UK is PR Marriott Drilling Ltd based in Chesterfield, which has over 60 years of drilling experience in Britain".
People
Management team
- Francis Egan - chief executive
- Tony Carruthers
- Matt Lambert
- Andrew Quarles Van Ufford
- Andrew Price
- Eric Vaughan - CEO, previously Chief Technology Officer (circa 2012)
- Leon Jennings
- Ken Lowe - Water Management (circa 2012)
Directors of the Board
- Mark Miller - Director, Cuadrilla Resources; Director and VP of Cuadrilla Resource Holdings. From the USA, he founded and ran Eastern Reservoir Service until 2005.
- Dennis Carlton -Director, Cuadrilla Resources; Director, Cuadrilla Resource Holdings. From the USA, he founded and ran Evergreen Resources until 2004. He led the successful development of coal bed methane in Colorado; his exploits appear in Gasland
- Peter Turner Director, Cuadrilla Resources, also manages its exploration activities in mainland Europe. Turner is a former academic who headed the Petroleum Geosciences Unit at the University of Birmingham. He holds a B.Sc, a PhD and an honory D.Sc in Geology and has written over 150 publications and books. Europe, North Africa, the Middle East and the Americas.
Cuadrilla Resource Holdings non-executive directors
- John Browne - Cuadrilla chairman, and managing partner of Riverstone Holdings, the venture capital firm that backs it
- Anthony Carruthers (appointed 19 April 2012)
- Francis Egan (appointed 17 July 2012)
- Roy Franklin (appointed 7 February 2012
- Neville Lancaster Jr
- Haroun Van Hovell Tot Westerflier
- Roy Franklin
- Philip Arnall (appointed 3 February 2014)
- Ivor Orchard (appointed 3 February 2014)
- Andrew Quarles Van Ufford (appointed May 2013) [2]
- 25/05/2011 New Company Secretary Mr A.C. Price appointed
Former directors
Allan Campbell (left the board 5 February 2014) | Anthony Kelly (left 5 February 2014) | Mark Miller (left 29 April 2013) | Dennis Carlton (27 February 2013)
- 07/02/2012 Mr M.P. Tonkin left the board
- ALDLEX LIMITED resigned as Company Secretary 24 December 2012
Lobbying firms and consultants
- PPS [4] - PPS managed Cuadrilla's website in 2012-12 and produced a brochure for Cuadrilla, titled "Summer 2012 Exploring For Natural Gas Cuadrilla Resources is exploring for natural gas in Lancashire" which the Advertising Standards Authority found contained claims partially breached CAP Code (Edition 12) rules 3.1 and 3.3 (Misleading advertising) and 3.11 (Exaggeration). [5]
- Hanover Communications in 2014 [6]. Hanover's Charles Lewington was spotted socialising with climate sceptic Tory Environment Secretary Owen Paterson and former energy minister Charles Hendry at the Intercontinental Hotel bar in Park Lane, London in in February 2014. [7]
Consultants
- Paul Kelly - communications consultant and director of the PPS Group
- Nick Sutcliffe - communications consultant and director of the PPS Group. Sutcliffe is also politician for Guildford District Council (Conservative Councillor for Ash South & Tongham Ward).
Law firms
Peachy & Co LLP was appointed to act for Cuadrilla in the UK from July 2008, as the firm has no in-house legal resource in the UK. This role has involved acting for the oil and gas firm:
- in February 2010 on a group restructuring and a $58m capital investment led by Riverstone/Carlyle Global Energy and Power Funds managed by Riverstone Holdings LLC and AJ Lucas Group Ltd, a company listed on the Australian Stock Exchange.
- in December 2011 on Cuadrilla's acquisition of a significant equity participation in a Hungarian O&G project, including successfully fracking a test well. Peachey's website reported that 'Further equity interests will be acquired following further seismic work and the drilling of a further exploratory well during 2012'.
- in October 2012 with negotiations with the UK Government to recommence its hydraulic fracking operations in the UK.
In June 2013 Peachey & Co acted for the Australian stock exchange quoted company A J Lucas Group Ltd in the sale of part of its interest in the Bowland shale gas exploration licence area to Centrica plc. A J Lucas is a major shareholder in Cuadrilla Resources which is the co-owner on the licence.
In March 2013 The Lawyer magazine reported that former Slaughter and May lawyer Hubert Ashton, now a partner at Peachey, admitted that the past few months of exploratory digging, questions in the House and earthquakes have been “interesting”. [8]
Affiliations
- All-Party Parliamentary Group on Unconventional Oil and Gas which received £3000 from Cuadrilla, registered June 2013 [9]
- Institute of Directors (IOD) - Cuadrilla sponsored a publication by IOD on the prospects for UK shale gas, published in May 2013
- Shale Gas Europe - is listed as a supporter of this trade lobby group, which is run by lobbyists FTI Consulting
Contact details
- Website: http://www.cuadrillaresources.com/
- Address:
- Cuadrilla Resources Ltd
- Stowe Court
- Stowe Street
- Lichfield
- Staffordshire WS13 6AQ
Resources
- James Cusick, How lobbying works – and why this Bill won’t change a fracking thing, The Independent, 18 August 2013
- Fiona Harvey, Lord Browne promises to invest 'whatever it takes' in UK fracking, guardian.co.uk, 12 March 2013 15.00 GMT
- Terry McCallister, Cuadrilla announces major fracking expansion in UK, The Guardian, Friday 5 July 2013 18.14 BST
- Robin McKie, Will fracking in Lancashire's green hills solve Britain's energy crisis?, The Observer, Sunday 7 July 2013
- Video: We will stick to fracking plan, says Cuadrilla boss, Channel4 News, YouTube
Notes
- ↑ Terry McCallister, Cuadrilla announces major fracking expansion in UK, The Guardian, Friday 5 July 2013 18.14 BST
- ↑ CUADRILLA RESOURCES HOLDINGS LIMITED 07147040, Companycheck, acc 27 March 2014
- ↑ Tom Bawden, Cuadrilla PR man admits George Osborne's shale gas revolution won’t cut energy bills, 20 August 2013
- ↑ APPC Register Entry for 1 Dec 2011 to 29 Feb 2012
- ↑ Advertising Standards Authority, ASA Adjudication on Cuadrilla Resources Ltd, Rulings, 24 April 2013, acc 27 March 2014
- ↑ Register for 1st March 2014 - 31st May 2014
- ↑ Lobbyists are unconvincing over the minister for fracking, Socialist Worker, The Troublemaker, 4 Feb 2014, acc 24 June 2014
- ↑ Matt Byrne, Analysis on Bracewell & Giuliani and the shale gas market: The fracking truth, The Lawyer, 4 March 2013
- ↑ Register of All-Party Groups (As at 7 June 2013), parliament.co.uk
