Tamboran Resources Corporation (ASX:TBN) Achieves Record Beetaloo Basin IP30 Flow Rate
Operational Achievement
Tamboran Resources Corporation (ASX:TBN) announced that the Shenandoah South 2H sidetrack (SS-2H ST1) well delivered a record average 30-day initial production (IP30) flow rate of 7.2 million cubic feet per day (MMcf/d) in the Beetaloo Basin. This flow rate is in line with the average rates from over 11,000 wells in the Marcellus Shale dry gas area, demonstrating the commercial deliverability of gas from the Mid Velkerri B Shale.
Steady Performance
The SS-2H ST1 well maintains a steady, low-declining exit rate trajectory at 6.7 MMcf/d (normalised at 12.2 MMcf/d per 10,000 feet) with a flowing wellhead pressure of approximately 910 psi. This performance is consistent with results from the SS-1H well, underscoring the reliability and scalability of Tamboran’s operations.
Future Drilling Plans
Tamboran plans to commence the Shenandoah South drilling campaign in the second half of 2025, targeting up to three 10,000-foot horizontal wells from the SS2 well pad, subject to final joint venture approval. The five wells on the SS2 pad are expected to be tied into the Sturt Plateau Compression Facility (SPCF) to supply gas under a 40 MMcf/d Gas Sales Agreement with the Northern Territory Government, with production slated to begin in mid-2026.
Executive Comments
Chief Executive Officer Joel Riddle stated, “The Shenandoah South 2H sidetrack well has delivered a record average IP30 flow result of 7.2 MMcf/d from the Beetaloo Basin to date. Results show a material step up in flow rate from a horizontal section stimulated approximately three times longer than the SS-1H well. The IP30 flow rate over a 5,482-foot horizontal section is another positive data point that demonstrates potential commercial productivity of the shale formation in the Australian East Coast gas market that typically sells at a premium to Henry Hub in the US and under long term CPI-linked contracts.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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