Highlights:
- The Shenandoah South 2H sidetrack (SS-2H ST1) well achieved a Beetaloo Basin record average 60-day initial production (IP60) flow rate of 6.8 million cubic feet per day (MMcf/d) over a 5,483-foot stimulated horizontal within the Mid Velkerri B Shale.
- The exit rate maintains a steady, low-declining curve at 6.4 MMcf/d with a flowing wellhead pressure of ~720 psi and has exhibited less decline than that of the SS-1H well over the last 30 days of testing.
- The average flow rate of 12.4 MMcf/d over a normalized 10,000-foot horizontal section remains inline with an average of more than 11,000 wells in the Marcellus Shale dry gas area with production for over a 12-month period.
- The result reinforces Tamboran’s view of commercial deliverability from the Beetaloo Basin to the Australian domestic East Coast gas market that typically sells at a premium to Henry Hub.
- Tamboran has commenced the three well 2025 Shenandoah South Pilot Project drilling program with the spudding of the Shenandoah South 4H (SS-4H) well. The wells are being drilled with the Helmerich & Payne (NYSE: HP) super-spec FlexRig® Flex 3 Rig from the SS2 pad in EP 98.
Source: Tamboran Resources Corporation