┬áThe first-ever hydraulic fracturing effort in the United Kingdom is set for the third quarter following well completion in Lancashire, Cuadrilla Resources said. Cuadrilla said Tuesday it completed the first-ever horizontal shale natural gas well at its exploration site at Preston New Road in Lancashire. The British government estimates shale basins in the country may hold more than 1.3 quadrillion cubic feet of natural gas, a level the government said could help an economy as natural gas imports are on pace to increase from about 45 percent of demand to 76 percent by 2030. Shale natural gas development is in its infancy in the country, though the British government moved to fast-track the permit process. Cuadrilla said there is […]