Tamboran Resources Elevates Efficiency with Latest SS-2H ST1 Update
Optimizing Stimulation Operations: SS-2H ST1 Success
Tamboran Resources Corporation has recently announced significant advancements in their extraction efficiency as they wrapped up stimulation operations for the SS-2H ST1 well. Completing stimulation across 35 stages in a 5,483-foot horizontal section of the Mid Velkerri B Shale showcases their innovative approach and commitment to improving production capabilities.
Enhanced Performance Metrics
Joel Riddle, the Managing Director and CEO of Tamboran, noted that these operations have set new records for the company in several key metrics. The achievements boast an average proppant injection intensity that exceeds previous benchmarks, coupled with treating rates exceeding 100 barrels per minute. This performance elevates the operational standards within the Beetaloo Basin.
Key to this progress was a strategic decision to revamp the stimulation design. By increasing the spacing between stages to approximately 168 feet, Tamboran has seen notable improvements in efficiency. As they move forward, the focus will shift to finalizing the completion and facilitating the clean-out processes of the SS-2H ST1 well, gearing up for initial flow back and extended production testing.
Comparative Analysis of SS-2H ST1 and SS-1H
The effectiveness of the recent SS-2H ST1 stimulation operations is clearly reflected in comparative metrics against the prior SS-1H well. The details reveal substantial improvements across the board:
- Usable lateral stimulation length: Increased from 1,640 feet in SS-1H to an impressive 5,483 feet in SS-2H ST1, marking a 234% enhancement.
- Number of stimulated stages: An increase from 10 in SS-1H to 35 stages in SS-2H ST1, indicating a 250% rise in operational scope.
- Average sand per stage: The average increased from approximately 355,997 pounds to 423,884 pounds, translating to a 19% improvement.
- Stimulation intensity: This rose from 2,212 pounds per foot to 2,706 pounds per foot, showcasing a 22% efficiency gain.
Equipment Innovations Drive Efficiency
A pivotal aspect of this operational success relates to the equipment utilized in these processes. Transitioning from Condor Energy to Liberty Energy for the stimulation operations endowed the team with enhanced reliability and performance capabilities. The horsepower employed grew from 40,000 HHP with Condor Energy to 80,000 HHP under Liberty, which nearly doubled the operational capacity.
Understanding Tamboran's Investment Interests
A close look at Tamboran's interests in EP 98/117 reveals a strategic alignment with Falcon Oil and Gas Australia Limited. Tamboran holds a 77.5% stake while Falcon maintains a 22.5% interest, collaborating effectively towards achieving shared goals in natural gas production.
Insights on Shenandoah South Drilling Spacing Units
The Shenandoah South Drilling Spacing Units, covering an expansive area of 46,080 acres, brings significant value to the ongoing operations. Tamboran dominates this area with an impressive 95% ownership, while Falcon retains a 5% stake. This consolidation of efforts underscores the potential for continued growth and development in the Beetaloo region.
About Tamboran Resources Corporation
Tamboran Resources Corporation stands as a leading entity in Australia’s natural gas sector, boasting approximately 1.9 million net prospective acres within the Beetaloo Sub-basin of the Greater McArthur Basin. This strategic positioning has established Tamboran as the largest acreage holder and operator in the region, setting the stage for robust growth.
Key assets for Tamboran include a 38.75% working interest in various exploration permits, thereby enhancing their operational footprint. Their commitment to innovation and efficiency is evident as they prepare for the future of energy production.
Frequently Asked Questions
What were the key achievements in the SS-2H ST1 stimulation operations?
Tamboran achieved operational successes with 35 stimulated stages across 5,483 feet, enhancing completon metrics including stimulation intensity and proppant injection rates.
How does the SS-2H ST1 compare to the SS-1H?
The SS-2H ST1 exceeded the SS-1H in terms of lateral stimulation length, number of stages, and overall efficiency, showcasing substantial improvements.
What equipment changes contributed to the enhanced performance?
The switch to Liberty Energy equipment, which doubled the horsepower to 80,000 HHP, significantly elevated the operational performance of the stimulation processes.
What are Tamboran's interests in EP 98/117?
Tamboran holds a 77.5% interest in EP 98/117, collaborating with Falcon Oil and Gas Australia, which owns the remaining 22.5% stake.
What is the overall strategy for Tamboran Resources Corporation?
Tamboran aims to leverage its substantial acreage and capabilities to guide natural gas production in Australia while enhancing operational efficiency and production targets.
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