Latest news with #BeetalooEnergy
West Australian
08-07-2025
- Business
- West Australian
Beetaloo hits major milestone with NT well gas stimulation
The stimulation campaign included pump rates exceeding 100 barrels per minute, fluid intensities of 52 barrels per foot and proppant intensities averaging 2295 pounds per foot. It also marked the company's first 24-hour continuous stimulation operation, which notably hit more than five stages per day on multiple occasions. With stimulation completed, Beetaloo Energy will now clean out the well bore using coiled tubing, initiate flowback operations and then shut in the well for a soak period ahead of production testing. A 30-day flow test - known as IP30 - is expected to begin mid-August, with results to be released by the end of September. The company holds a 100 per cent interest in its EP187 permit and remains the largest net acreage holder in the basin, with more than 28.9 million acres under licence. Today's development builds upon a flurry of milestones delivered over the past quarter, including a $28 million equity raise completed in May that provided full funding for the Carpentaria-5H stimulation and flow test program. The raise comprised a $27.75 million placement at 16 cents per share and a subsequent share purchase plan targeting a further $3 million. Directors also chipped in a further $250,000, signalling confidence in the company's forward program. Beetaloo Energy also recently secured formal consent from traditional owners to sell gas under the NT's Beneficial Use of Test Gas provisions, clearing a key regulatory hurdle on its path to commercialisation. The Carpentaria gas plant is now fully funded and ready for installation when remaining government approvals are finalised. The facility, which was acquired from AGL, has a nameplate capacity of 42 terajoules (TJ) per day - or 42 trillion joules - and is expected to process gas from Carpentaria-2H, 3H and 5H wells in the pilot phase. The company has already inserted a 'T-piece' connection into the McArthur River gas pipeline, enabling immediate access to infrastructure. A binding 10-year gas sales agreement is in place with the NT Government for up to 25TJ per day, with an option to increase to 35TJ depending on production outcomes. Importantly, the company is also laying the groundwork for future east coast gas supply and has engineering and design work underway with APA Group to evaluate a potential pipeline from the Beetaloo Basin to Queensland. Beetaloo's progress could not come at a more critical time. According to the Australian Energy Market Operator's latest gas statement of opportunities, supply gaps in the east coast market are expected to emerge from 2029 and worsen through the 2030s. The Beetaloo Basin is widely regarded as one of the country's most promising gas plays, with Beetaloo Energy - formerly Empire Energy - having independently certified 1.6 trillion cubic feet of contingent resources and a further 47 trillion cubic feet of prospective gas in place across its acreage. It is also sitting on high calorific gas with an ultra-low carbon dioxide content of less than 1 per cent, making it ideally suited to blending with existing LNG streams to help meet tightening Japanese and Korean import standards. With flow testing of Carpentaria-5H imminent, regulatory approvals in hand, a gas plant ready to install and pipeline partnerships in development, Beetaloo Energy appears closer than ever to unlocking one of Australia's most consequential energy resources. Is your ASX-listed company doing something interesting? Contact:
The Age
08-07-2025
- Business
- The Age
Beetaloo hits major milestone with NT well gas stimulation
Beetaloo Energy Australia has completed a historic hydraulic stimulation campaign on its Carpentaria-5H well in the Northern Territory's Beetaloo sub-basin, marking what could be a turning point in Australia's quest for reliable and scalable gas supply to the eastern seaboard. The 67-stage stimulation operation, executed by global oilfield services giant Halliburton, was wrapped up in a 20-day campaign and covered an extraordinary 2955-metre lateral section, making it the most extensive stimulation job in the basin's history. Carpentaria-5H now stands as a cornerstone of Beetaloo Energy's Carpentaria pilot project, which also includes the previously drilled and stimulated Carpentaria-2H and 3H wells. All three wells were sunk into Velkerri B shale and are co-located on the same well pad to minimise surface disturbance and reduce costs. Beetaloo Energy Australia managing director Alex Underwood said: ' The stimulation of Carpentaria-5H over a 2955-metre horizontal section with 67 stages successfully placed is the longest fracture stimulation completed in the Beetaloo Basin. ' 'This is a historic event for Beetaloo Energy Australia and for the basin.' Beetaloo Energy Australia managing director Alex Underwood The stimulation campaign included pump rates exceeding 100 barrels per minute, fluid intensities of 52 barrels per foot and proppant intensities averaging 2295 pounds per foot. It also marked the company's first 24-hour continuous stimulation operation, which notably hit more than five stages per day on multiple occasions. With stimulation completed, Beetaloo Energy will now clean out the well bore using coiled tubing, initiate flowback operations and then shut in the well for a soak period ahead of production testing. A 30-day flow test - known as IP30 - is expected to begin mid-August, with results to be released by the end of September. The company holds a 100 per cent interest in its EP187 permit and remains the largest net acreage holder in the basin, with more than 28.9 million acres under licence. Today's development builds upon a flurry of milestones delivered over the past quarter, including a $28 million equity raise completed in May that provided full funding for the Carpentaria-5H stimulation and flow test program.
Sydney Morning Herald
08-07-2025
- Business
- Sydney Morning Herald
Beetaloo hits major milestone with NT well gas stimulation
Beetaloo Energy Australia has completed a historic hydraulic stimulation campaign on its Carpentaria-5H well in the Northern Territory's Beetaloo sub-basin, marking what could be a turning point in Australia's quest for reliable and scalable gas supply to the eastern seaboard. The 67-stage stimulation operation, executed by global oilfield services giant Halliburton, was wrapped up in a 20-day campaign and covered an extraordinary 2955-metre lateral section, making it the most extensive stimulation job in the basin's history. Carpentaria-5H now stands as a cornerstone of Beetaloo Energy's Carpentaria pilot project, which also includes the previously drilled and stimulated Carpentaria-2H and 3H wells. All three wells were sunk into Velkerri B shale and are co-located on the same well pad to minimise surface disturbance and reduce costs. Beetaloo Energy Australia managing director Alex Underwood said: ' The stimulation of Carpentaria-5H over a 2955-metre horizontal section with 67 stages successfully placed is the longest fracture stimulation completed in the Beetaloo Basin. ' 'This is a historic event for Beetaloo Energy Australia and for the basin.' Beetaloo Energy Australia managing director Alex Underwood The stimulation campaign included pump rates exceeding 100 barrels per minute, fluid intensities of 52 barrels per foot and proppant intensities averaging 2295 pounds per foot. It also marked the company's first 24-hour continuous stimulation operation, which notably hit more than five stages per day on multiple occasions. With stimulation completed, Beetaloo Energy will now clean out the well bore using coiled tubing, initiate flowback operations and then shut in the well for a soak period ahead of production testing. A 30-day flow test - known as IP30 - is expected to begin mid-August, with results to be released by the end of September. The company holds a 100 per cent interest in its EP187 permit and remains the largest net acreage holder in the basin, with more than 28.9 million acres under licence. Today's development builds upon a flurry of milestones delivered over the past quarter, including a $28 million equity raise completed in May that provided full funding for the Carpentaria-5H stimulation and flow test program.
Sky News AU
27-06-2025
- Business
- Sky News AU
Beetaloo Energy wins consent of traditional owners to sell appraisal gas sourced from Northern Territory basin
A traditional owner from the Northern Territory has explained why she ditched her opposition to fracking and now supports the onshore gas industry. Gudunji woman Joni Maree Wilson spoke to Sky News at Beetaloo Energy Australia's Carpentaria well site in the Beetaloo Basin, where she works as a safety officer. 'I was really against fracking about three or four years ago, I was one of the people who went to Canberra to go against fracking, but what changed my mind is I came here and (Beetaloo Energy) gave me employment to come and see for myself what it was all about,' she said. Beetaloo Energy, formerly known as Empire Energy, this week signed a consent agreement with traditional owners for the sale of appraisal gas from one of its exploration permits in the Beetaloo Basin. The agreement was reached in the same week Beetaloo Energy was criticised for engaging the consultant, Good Advice, which was accused of misrepresenting the views of traditional owners. Beetaloo Energy managing director Alex Underwood said the criticism was misplaced. 'I think as the process over the last couple of days demonstrates, we have very much gone through the front door with traditional owners, we've informed them about their activities and we're actually employing a number of TOs on site right now and we've gained their trust and have mutual respect and we're delighted to be working with them,' he said. Ms Wilson said she hoped the onshore gas industry would provide better outcomes for her people. 'This will benefit a lot, this will benefit employment for my people, this will benefit opportunities in the future,' she said. 'Decades and decades of jobs and employment, we don't have to go to other cities and other towns and leave our homes, we'll have employment right here on our doorstep.' Some analysts believe the basin, which is about the size of Belgium, has enough gas to power Australia's domestic energy needs for 200 years. Mr Underwood said he expected production of appraisal gas, which will help power the Northern Territory's domestic electricity grid, to begin within months. The longer-term goal is to pipe Beetaloo gas to Australia's east coast, where the resource is in short supply. 'I think the Beetaloo is the most important basin for resolving those issues. Not only are we facing shortages but we need our economy to grow in the future, and that's going to need more gas,' he said. It's also hoped the Beetaloo Basin will provide much-needed jobs, particularly in remote parts of the Northern Territory. 'The independent experts are saying it could be in the thousands, I think that could potentially be pretty conservative,' Mr Underwood said. 'Right here on site now, we've got 90 people working on site, for one well.' *Matt Cunningham travelled to the Beetaloo Basin as a guest of Beetaloo Energy
Sydney Morning Herald
26-06-2025
- Business
- Sydney Morning Herald
Traditional Owners give thumbs up to Beetaloo NT gas sale
Beetaloo Energy has taken a major leap forward in its Northern Territory gas ambitions after securing the formal backing of Traditional Owners to sell gas from its ongoing appraisal program at the company's Carpentaria project. The company recently changed its name from Empire Energy to Beetaloo Energy in a nod to the vast gas basin in which it operates and to reflect the company's determination to become the next big onshore gas producer in Australia. In a landmark on-country meeting concluded yesterday, representatives of the Mambaliya Rrumburriya Wuyaliya Aboriginal Land Trust, who are the custodians of the land covering Beetaloo's grounds, gave their official consent for the 'beneficial use of gas'. The meeting, organised by the Northern Land Council, was held according to the Territory's land rights laws and the company's existing exploration deed, through its wholly owned subsidiary Imperial Oil & Gas. 'We are grateful to Traditional Owners for their decision to continue driving the project forward.' Under the NT's Petroleum Act, the Traditional Owners' consent has now cleared a critical regulatory and cultural hurdle, allowing Beetaloo to monetise gas produced during the appraisal phase of exploration before full-scale production begins. Beetaloo Energy managing director Alex Underwood said: ' We are grateful to Traditional Owners for their decision to continue driving the project forward. Beetaloo Energy is deeply committed to working with landowners and local communities to share the economic and social benefits that are already accruing and will continue to accrue from the ongoing exploration and appraisal of the project.' A formal agreement on a package of benefits for Traditional Owners is still being inked, the company says its collaborative discussions with a committee of Traditional Owners and the Northern Land Council are bearing fruit. When agreed, the final deal will be written up under the framework laid out by the Land Rights Act.
