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Highlights
- Record-Breaking Completion: Tamboran Resources (ASX:TBN) successfully completed 35 stimulated stages in the SS-2H ST1 well, achieving unprecedented proppant intensity and treating rates.
- Advanced Stimulation Techniques: Utilized Liberty Energy Ltd’s (NYSE:LBRT) modern stimulation equipment, optimizing well performance with improved stage spacing.
- Strategic Collaboration: Recently signed a non-binding MoU with Santos Ltd (ASX:STO) for potential expansion of the Darwin LNG facility.
Tamboran Resources Ltd (ASX:TBN) has completed stimulation activities in the Mid Velkerri B Shale at the Shenandoah South 2H sidetrack (SS-2H ST1) well, marking a significant milestone in the Beetaloo Basin. The operation spanned a 5,483-foot (1,671-metre) horizontal section, employing Liberty Energy Ltd’s (NYSE:LBRT) cutting-edge stimulation technology.
This achievement follows Tamboran Resources’ recent signing of a non-binding memorandum of understanding (MoU) with Santos Ltd (ASX:STO) to collaborate on technical studies exploring the potential expansion of the Darwin LNG (DLNG) facility in Australia’s Northern Territory.
Record-Breaking Completion in the Beetaloo Basin
The completion program for SS-2H ST1 set multiple records in the Beetaloo Basin, with up to five stages completed within a 24-hour period on multiple days. This efficiency underscores the effectiveness of Liberty Energy’s modern stimulation techniques.
A key metric in the operation was the average proppant intensity, which reached 2,706 pounds per foot (lb/ft) across the 35 completed stages. This figure surpasses all previous completion activities in the region, indicating enhanced fracture stimulation and improved reservoir contact. Additionally, wellhead injection rates exceeded 100 barrels per minute (bpm), reinforcing the efficiency gains achieved during the process.
With stimulation activities completed, the SS-2H ST1 well is now prepared for clean-out operations before transitioning to initial flowback and extended production testing. These next steps will provide critical data on the well’s long-term production potential.
Optimized Stimulation Design for Enhanced Efficiency
Tamboran Resources has implemented key refinements in its completion techniques, focusing on optimization strategies to enhance efficiency. The decision was made to increase the spacing between stimulated stages to approximately 168 feet. This adjustment contributed to improved completion performance and reduced operational complexity while maintaining high stimulation efficiency.
Joel Riddle, managing director and CEO of Tamboran Resources, highlighted the successful execution of the project, stating that Liberty Energy’s advanced stimulation equipment played a crucial role in setting new records for the Beetaloo Basin. He emphasized that the improved proppant injection intensity and high treating rates would contribute to the overall success of the SS-2H ST1 well.
Future Outlook and Additional Developments
Tamboran Resources is now focused on completing clean-out operations for SS-2H ST1 ahead of initial flowback and extended production testing. These next phases will be instrumental in evaluating the well’s long-term productivity and reservoir performance.
Further updates are expected on the completion of the Shenandoah South 3H (SS-3H) well, which remains a key part of Tamboran Resources’ ongoing exploration and development strategy in the Beetaloo Basin.
The company’s technical collaboration with Santos Ltd (ASX:STO) on the potential expansion of the Darwin LNG facility further strengthens its strategic positioning in Australia’s natural gas sector. This partnership aims to explore opportunities for expanding infrastructure and increasing the efficiency of LNG exports from the region.
As Tamboran Resources continues advancing its development program, the latest completion records in the Beetaloo Basin highlight the company’s commitment to optimizing well performance and unlocking the basin’s full potential. The SS-2H ST1 results reinforce the growing significance of the Beetaloo Basin as a key player in Australia’s energy landscape.
