Tamboran Resources is on track for first Beetaloo gas sales in September after a record stimulation campaign. The $141 million facility is on budget, and drilling of three more wells has started.
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Tamboran Resources (ASX:TBN) is on track to deliver first gas from the Beetaloo Basin in September after completing a record stimulation program on its Shenandoah South 3H (SS-3H) well in the Northern Territory.
The company set several basin records during the campaign, including 12 stimulation stages in a single day and pumping operations exceeding 20 hours per day, it said. The work was done with Liberty Energy.
CEO Todd Abbott said commissioning of the Sturt Plateau Compression Facility (SPCF) will start soon. The facility is on schedule and within its $141 million budget, he said.
"The successful completion of the SS-3H, -4H, and -5H stimulation program is a significant achievement for Tamboran and for Beetaloo," Abbott said.
He highlighted the first successful placement of Beetaloo Red locally produced sand in the SS-4H well as a step toward lowering costs.
Tamboran has also started drilling the SS-7H, -8H and -9H wells using a Helmerich & Payne rig on the SS1 well pad. Those three wells are planned for stimulation in the second half of 2026 and will be tied into the SPCF when needed.
The company signed a binding long-term Gas Sales Agreement with the Northern Territory government in April 2024 to supply 40 terajoules (TJ) per day from the Shenandoah South pilot project for an initial nine-year term. Gas will be delivered to the APA-owned Amadeus Gas Pipeline on a take-or-pay basis at a market-competitive price.
Tamboran holds an estimated 2.1 trillion cubic feet (Tcf) of 2C contingent shale gas resources in the Beetaloo Sub-basin.
Separately, Beetaloo Energy has secured exclusivity over 185 hectares of land at Weddell, south of Darwin, for a proposed integrated power and data centre development. The site sits adjacent to the NT government's proposed Darwin Energy Hub.
The Beetaloo Basin is estimated to hold roughly 430 Tcf of shale gas in place, with over 100 Tcf considered recoverable. For comparison, the North West Shelf offshore gas basins in Western Australia hold about 138 Tcf of developed or sanctioned gas.
"This is a milestone that will mark the beginning of a new era of energy production from the Beetaloo Basin, with potential to supply large-scale gas volumes and deliver energy security to the Northern Territory, and trading partners in the Asia Pacific region," Abbott said.
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