Business · Energy & Commodities · 1 day ago
Beetaloo Basin begins first commercial gas deliveries in Australia
Australia’s Beetaloo Basin has begun making its first commercial natural gas deliveries to the Northern Territory.
The basin is a shale gas field, and companies are using drilling and fracking methods developed in the United States.
Efforts to develop it faced a fracking moratorium in the Northern Territory from 2016 to 2018, followed by a downturn in exploration during the COVID-19 pandemic.
American investor Bryan Sheffield and companies including Tamboran Resources and Daly Waters Energy helped fund the project.
Several American oilfield service companies with shale experience also invested or took on work connected to the basin.
The first sales show that Beetaloo can produce gas, but the companies still need to prove it can be profitable over the long term.
The project matters because Australia may face gas shortfalls as some offshore fields decline, and five wells are now ramping up.
The Beetaloo Basin began its first commercial natural gas deliveries to the Northern Territory in September.
The milestone followed years of setbacks and investment by Tamboran Resources, Daly Waters Energy and American energy industry figures.
Five wells are now ramping up, according to Bryan Sheffield.
The basin still needs to prove it can produce gas economically over the long term.
The development comes as Australia could face natural gas shortfalls in coming years.
- Who
- Tamboran Resources and Daly Waters Energy began the first commercial gas sales from the Beetaloo Basin.
- What
- The basin’s first commercial natural gas deliveries began.
- When
- September; the article does not state the year.
- Where
- The Beetaloo Basin in Australia, with deliveries going to the Northern Territory.
- Why
- The article says the milestone shows the basin can deliver, but does not state a specific reason for starting deliveries.
This story does not have two clearly opposing sides.
This is a total gamechanger
We created revenue. This whole time, the past five years, we have not had $1 coming back to us.
Applying the American [fracking] recipe to another country is the way forward.
Tamboran hired an American ExxonMobil and Chevron veteran as its CEO.
Texas oilman Scott Sheffield joined the board of Santos.
The Northern Territory imposed a moratorium on fracking.
Tamboran and Daly Waters announced the Beetaloo Basin’s first natural gas sales.
- First commercial deliveries
- Began in September
- Destination
- Northern Territory
- Companies
- Tamboran Resources and Daly Waters Energy
- Wells
- Five wells are ramping up
- Moratorium
- Northern Territory, 2016 to 2018
Sources
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