Tamboran Assets Corp. has launched what it says is the most important effectively stimulation marketing campaign within the Beetaloo Sub-Basin onshore Australia’s Northern Territory.
The marketing campaign consists of the Shenandoah South 2H sidetrack (SS-2H ST1) and Shenandoah S2-4H (SS4H), with as much as 119 stimulated phases deliberate throughout the 2 wells.
“The SS-2H ST1 effectively is deliberate to incorporate 43 phases over a 5,427-foot (1,654-meter) horizontal part and the SS-3H effectively is deliberate to incorporate 76 phases over a 9,766-foot (2,977-meter) horizontal part”, Tamboran mentioned in a regulatory submitting.
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The wells are deliberate to produce the proposed Shenandoah South Pilot Undertaking, which is predicted to provide 40 million cubic ft of pure fuel a day with manufacturing anticipated to begin mid-2026.
A further four-well marketing campaign is deliberate for 2025 to finish the challenge’s drilling part.
For the brand new stimulation marketing campaign, Tamboran has deployed Liberty Vitality Inc.’s fashionable stimulation tools, which it mentioned is “the primary 80,000-hydraulic-horsepower frac unfold imported into the Beetaloo Basin from the US”.
“The elevated horsepower of this tools is predicted to ship a step change in stimulation effectivity and proppant depth in comparison with earlier wells accomplished within the Basin”, commented Tamboran managing director and chief government Joel Riddle.
“This stimulation marketing campaign is deliberate to be the biggest within the Beetaloo Basin so far, with as much as 119 phases over a full lateral size of 15,193 ft (~4,631 meters) throughout the 2 wells, a mean of ~127 ft per stimulated stage.
“Importantly, these wells are deliberate to be among the many first to offer dependable power to the Northern Territory”.
“Now we have efficiently undertaken stimulation applications through the moist season within the Basin during the last two years, with campaigns at Amungee 2H (2022/23) and Shenandoah South 1H (2023/24)”, Riddle added. “This expertise offers us confidence in our capability to securely and effectively conduct these operations year-round”.
EP 98 is operated by Tamboran (B2) Pty Ltd., a 50-50 three way partnership (JV) between Tamboran and Daly Waters Vitality LP, a portfolio firm of Formentera Companions LP. Tamboran (B2) owns a 77.5 p.c stake whereas Falcon Oil and Gasoline Australia Ltd., majority-owned by Falcon Oil & Gasoline Ltd., holds the remaining 22.5 p.c.
In a separate assertion, Falcon Oil & Gasoline mentioned it has determined to surrender its 5 p.c taking part curiosity (PI) within the subsequent drilling part of the Pilot challenge, which includes the 4 remaining wells deliberate to be drilled this yr.
“Falcon participated within the Shenandoah S-1H effectively in 2023 at its 22.5 p.c PI which created a Drill Spacing Unit (DSU) of 20,480 acres”, Falcon mentioned within the assertion on its web site.
“Falcon participated within the S2-2H ST1 and the S2-4H wells in 2024 at its diminished 5 p.c PI which created two DSUs totaling 46,080 acres.
“The Beetaloo JV companions [Tamboran (B2) and Falcon] are planning on creating an enlarged space across the Pilot, often called the First Strategic Growth Space (FSDA), which might amalgamate the acreage and PIs from the DSUs talked about above and any additional DSUs which may be created as a part of the Pilot.
“Relying on the final word measurement of the deliberate FSDA Falcon’s mixed participation entitlement within the FSDA publish the Pilot could possibly be as much as 10 p.c.
“Falcon additionally retains a 22.5 p.c PI within the remaining 4.52 million acres within the Beetaloo, internet 1 million acres to Falcon”.
Falcon chief government Philip O’Quigley mentioned, “Lowering our participation within the subsequent 4 wells has a minimal affect on our general curiosity within the Beetaloo which stays at 22.5 p.c”.
“This demonstrates the optionality afforded by the DSUs, which allow Falcon to strategically and effectively deploy its capital. This discount in our participation within the subsequent 4 wells considerably reduces our 2025 capital expenditure while on the identical time leaving us very effectively positioned to seize the general success of the Beetaloo”.
To contact the creator, electronic mail jov.onsat@rigzone.com
