Fracking on with shale gas
There has been good news for the shale gas industry recently. Last week, the long-awaited British Geological Survey report into the potential volume of shale gas in the Bowland Shale basin was published. This estimates that there is likely to be around 1,300 trillion cubic feet of shale gas in the ground underneath 11 counties in the north of England, more than double what was previously thought. Not all of this will be recoverable, but the report gives investors, operators and regulators an indication of where to target future exploratory drilling. Several companies have already shown an interest and this report should make it more attractive to the industry.
Hydraulic fracturing (fracking) is not always attractive to the communities nearby and so the industry trade body has published a charter setting out its commitments for how it will engage with the communities that host a fracking well…
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