Cuadrilla Resources
| Industry | oil and gas exploration |
|---|---|
| Founder | Dr Chris Cornelius |
| Headquarters | Lichfield, England, United Kingdom |
|
Key people
|
Lord Browne, Chairman, Francis Egan, CEO |
| Products | shale gas, oil |
| Owner | A.J. Lucas (45%) , Riverstone Holdings (45%), Cuadrilla Management (10%) |
| Website | www |
Cuadrilla Resources is an oil and gas exploration and production company founded in 2007 with headquarters and operations in the United Kingdom. It is best known for its ongoing effort to develop shale gas in the UK by using hydraulic fracturing. Its chairman is Lord Browne, former chief of BP and the chief executive is Francis Egan.
Cuadrilla is a privately owned company with headquarters in the United Kingdom. The company was founded in 2007, financed with investment from the Australian engineering company A.J. Lucas and the Anglo-American equity firm Riverstone Holdings. As of March 2016[update] it is owned 45% by AJ Lucas, and equally by Riverstone LLC, while Cuadrilla management owns the remaining 10%. In 2009, Riverstone had settled corruption charges in New York through its partner The Carlyle Group.
Its chairman is Lord Browne, former chief of BP and President of The Royal Academy of Engineering from 2006−2011.The chief executive is Francis Egan.Cuadrilla is Spanish for group or party, and is pronounced in English roughly as /kwəˈdriːjə/.
As of 2013[update], the company held licences for ten sites in the UK and had drilled three wells, all in Lancashire, one of which has been hydraulically fractured since 1993 by a previous owner; The company produces gas from that well, completed in sandstone.
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Wikipedia