Tests of the first shale well at Cuadrilla’s site in northwest England show a rich reservoir of high quality and recoverable gas, the British firm said on Wednesday, adding that rules that have constrained its testing work should be eased. Cuadrilla is using a technique called hydraulic fracturing that involves injecting water and chemicals at high pressure to break up rock and extract gas. The practice, known as fracking, can cause tremors and environmentalists oppose the development. The company repeatedly stopped operations last year at its Preston New Road site in Lancashire because of minor seismic events. British regulations demand work be suspended if seismic activity of magnitude 0.5 or more is detected. Cuadrilla said it could only partially test the horizontal shale well because of […]