Deal Insight

Centrica joins the UK shale gas hunt

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Report summary

Centrica is to acquire a 25% stake in onshore licence PEDL 165, located in northwest England, from Cuadrilla Resources and AJ Lucas. Centrica will make an up-front cash payment of US$62.5 million (£40 million),but the total consideration could rise to US$250 million. This marks the first UK shale gas-focussed M&A proper, and heralds the arrival of one of the UK's biggest gas players on the scene. Centrica will view its move into UK uncons as an expansion of its exploration ...

What's included

This report contains

  • Document

    Centrica joins the UK shale gas hunt

    PDF 1.24 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
    • Upsides and risks
    • Centrica's perspective
    • Cuadrilla's perspective
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 2 images and tables including:


  • Oil & gas pricing and assumptions: Table 1


  • UK Bowland-Hodder Shales Map

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