Tamboran Assets Company has reported that the Shenandoah South 2H sidetrack (SS-2H ST1) nicely achieved a median 60-day preliminary manufacturing (IP60) stream price of 6.8 million cubic toes per day (MMcf/d), a Beetaloo Basin file.
“This result’s a brand new Beetaloo Basin file and is greater than double the earlier IP60 file set by the SS-1H nicely in 2024,” Joel Riddle, Tamboran Chief Government Officer, stated in a inventory submitting.
Tamboran added that the exit price maintains a gentle, low-declining curve at 6.4 MMcf/d with a flowing wellhead strain of 720 psi and has exhibited much less decline than that of the SS-1H nicely over the past 30 days of testing. This additionally confirms the corporate’s view of business deliverability from the Beetaloo Basin to the Australian home East Coast gasoline market.
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Tamboran additionally stated it had commenced the three-well 2025 Shenandoah South Pilot Venture drilling program with the spudding of the Shenandoah South 4H nicely. The wells are being drilled by the Helmerich & Payne super-spec FlexRig Flex 3 Rig from the SS2 pad in Exploration Allow 98.
“We’ve got now commenced the biggest deliberate drilling program within the Beetaloo Basin thus far, with three wells to be drilled back-to-back with a complete mixed horizontal part of 30,000 toes”, Riddle stated.
“These three wells are the final remaining wells required to be drilled as a part of Tamboran’s dedication to ship 40 MMcf/d to the native market underneath our gasoline gross sales contract with the Northern Territory Authorities. With over 90 % of electrical energy within the Northern Territory market provided from gas-fired energy technology, our contract with the NTG is predicted to play a serious function in delivering vitality safety for all Territorians”, he stated.
Tamboran stated that via its subsidiaries, it’s the largest acreage holder and operator with roughly 1.9 million internet potential acres within the Beetaloo Subbasin inside the Larger McArthur Basin within the Northern Territory of Australia.
To contact the creator, e-mail andreson.n.paul@gmail.com
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