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Centrica joins the UK shale gas hunt

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01 June 2013

Centrica joins the UK shale gas hunt

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 ...

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:

  • UK Bowland-Hodder Shales Map
  • Oil & gas pricing and assumptions: Table 1

What's included

This report contains:

  • Document

    Centrica joins the UK shale gas hunt

    PDF 1.24 MB

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