Tamboran Resources Boosts Operations with Major Stimulation Campaign

Exciting Developments in Tamboran Resources Operations

Tamboran Resources Corporation has recently announced the initiation of a major stimulation campaign focusing on the SS-2H ST1 and SS-3H wells located in the Beetaloo Basin. Joel Riddle, the Managing Director and Chief Executive Officer of Tamboran Resources, voiced his enthusiasm regarding this new phase of operations using advanced stimulation technology from Liberty Energy.

Stimulation Campaign Overview

This stimulation campaign is expected to achieve record milestones in the Beetaloo Basin, starting with up to 119 stages across a full lateral length of approximately 15,193 feet (about 4,631 meters). This translates to an average of about 127 feet per stimulated stage. With the robust capabilities of Liberty Energy's modern equipment, Tamboran anticipates marked improvements in both stimulation efficiency and proppant intensity compared to previous operations.

Impact on Northern Territory's Energy Supply

One of the most notable aspects of this campaign is its potential impact on energy supply to the Northern Territory. The SS-2H ST1 and SS-3H wells are poised to be among the first providing reliable energy to the region. The expected production will feed into the proposed 40 MMcf/d Shenandoah South Pilot Project, significantly bolstering the local energy infrastructure.

Experience and Preparedness

Tamboran Resources has a solid track record, having successfully executed stimulation programs during the wet season over the past two years. Campaigns conducted at Amungee 2H in the 2022/23 period and Shenandoah South 1H in 2023/24 are testament to their operational expertise. This experience instills confidence in their ability to conduct safe and efficient operations year-round.

Operational Details

The SS-2H ST1 and SS-3H completion designs show an impressive increase in usable lateral stimulation length and the number of stimulated stages when compared to SS-1H. The SS-2H ST1 well will achieve a usable lateral stimulation length of 5,427 feet, while SS-3H will reach 9,766 feet. The increase in stages from 10 in SS-1H to 43 and 76 respectively marks a significant enhancement in operational capabilities.

Key Assets of Tamboran Resources

Tamboran Resources Corporation, through its various subsidiaries, is now the largest holder and operator in the Beetaloo Sub-basin, managing approximately 1.9 million net prospective acres. The company's portfolio includes a 38.75% working interest and operatorship in EPs 98, 117, and 76, which are strategically important to their operations.

The operational plans under Hangzhou Shenandoah South-2 Drilling Spacing Units also highlight the significant interest held by Tamboran, maintaining a 95% working interest in this expansive 46,080-acre area, with Falcon Oil and Gas Australia Limited holding the remaining 5%. This landscape paves the way for extensive exploration and production activities.

Commitment to Excellence and Sustainability

Tamboran is committed to operational excellence while also focusing on sustainable energy production. They are working towards producing natural gas on a Scope 1 net-zero basis upon the commencement of commercial production, alongside setting internal aims for operational net zero. With a growing emphasis on Environmental, Social, and Governance (ESG) matters, Tamboran is positioning itself as a forward-looking operator dedicated to responsible development.

Frequently Asked Questions

What is the purpose of the SS-2H ST1 and SS-3H stimulation campaign?

The campaign aims to enhance the efficiency and production capacity of the wells in the Beetaloo Basin, providing reliable energy to the Northern Territory.

How many stages will the stimulation campaign involve?

Up to 119 stages are planned for the SS-2H ST1 and SS-3H wells, significantly increasing operational capacity.

Who is the CEO of Tamboran Resources Corporation?

Joel Riddle serves as the Managing Director and CEO of Tamboran Resources Corporation.

What are Tamboran Resources’ main assets?

Tamboran holds a working interest in multiple exploration permits and the largest acreage in the Beetaloo Sub-basin.

How does Tamboran plan to address sustainability?

Tamboran plans to produce natural gas on a net-zero basis and aims for sustainable operations that respect environmental guidelines.

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