Tamboran completes three-well fracking program in Beetaloo Basin

Tamboran Resources Corporation (NYSE: TBN) has completed stimulation, cleanout, and completion activities for three horizontal wells — SS-3H, SS-4H, and SS-5H — in the Northern Pilot Area of Australia's Beetaloo Basin, according to a company statement.

The program, conducted using a Liberty Energy (NYSE: LBRT) frac fleet, involved 178 stages placed across approximately 30,000 feet within the Mid Velkerri B Shale formation. Tamboran described it as the first three-well zipper stimulation and the largest stimulation campaign conducted in the Beetaloo Basin to date. The program averaged 6.7 stimulated stages per day, with a single-day record of 12 stages and pumping operations exceeding 20 hours in a day.

During the program, Tamboran placed locally produced Beetaloo Red sand across 10 stages in the SS-4H well, marking what the company says is the first such placement in the basin. Tracers were deployed to compare stage performance against imported sand.

The three wells are planned to connect to the Sturt Plateau Compression Facility (SPCF), which Tamboran said is nearing construction completion with commissioning set to begin shortly. The project remains within its A$141 million (~US$97 million) gross budget. First gas sales to the Northern Territory Government are targeted for the third quarter of 2026.

Tamboran has also commenced drilling of three additional wells — SS-7H, SS-8H, and SS-9H — on the SS1 well pad using a Helmerich & Payne (NYSE: HP) rig. Those wells are planned for stimulation in the second half of 2026 and future tie-in to the SPCF.

CEO Todd Abbott said the program represented "further progress down the cost curve," citing the efficiency records and the locally sourced sand trial as contributing factors.

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