Latest news with #Carpentaria-2H
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.
West Australian
26-06-2025
- Business
- West Australian
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. 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. 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. Beetaloo is waiting on its contractor United States-based Halliburton to run 60 hydraulic stimulation stages at the company's Carpentaria-5H horizontal well, expected to be completed in three weeks. The company will then be able to move forward with its first gas sales. The Carpentaria-5H well has been drilled into the 70-metre-thick Velkerri B shale horizon to an average depth of 1580m using 5.5 inch casing. The 3.31km-long well is the longest in the Beetaloo sub-basin. Although the company has used the same drill pad as its Carpentaria-2H and 3H test wells, Carpentaria-5H has been developed as a full-blown production hole, allowing it to be used to produce commercial gas for sale into the local market. It also forms part of the company's overall Carpentaria pilot project. Post stimulation, the new well will undergo production flow testing before being shut in and then tied back into Beetaloo's nearby Carpentaria gas plant, currently under construction. When fully operational, the gas will be processed at the facility before being piped directly into the McArthur River pipeline, which runs straight past the company's front door. In time, management plans to draw enough gas from the basin to supply the NT government with as much as 100 terajoules of gas per day. The Beetaloo Basin has been touted as one of Australia's most promising onshore gas plays, with some estimates placing its gas endowment as high as 500 trillion cubic feet of gas. In all likelihood, the basin is destined to play a key role in the nation's energy transition and export strategy. Adding to the gas field's growing credentials, oil major Santos Limited is doubling down on the basin with plans for two wells in 2026 and is eyeing a second LNG train in Darwin to enable exports. That move coincides with APA Group's $66 million pipeline ambitions to connect Tamboran's Shenandoah South project to the Amadeus pipeline by 2026. Meanwhile, offshore players, such as ENI, are also watching closely as momentum builds across the region. Beetaloo is sitting pretty with a healthy $40.5 million in the bank, giving it plenty of firepower to fuel its ambitions. The cash pile was boosted with a $28 million capital raise in May and doesn't include a further $28.8 million in undrawn debt facilities from Macquarie Bank, ready to be tapped into when needed. The 'beneficial use of gas' consent is a huge step forward for Beetaloo and is a worthy prize for a company that started exploring the emerging basin in 2011. With exploration and appraisal already yielding promising signs, the company's ability to soon sell appraisal gas will add a crucial early revenue stream as it continues to assess the basin's long-term commercial potential. Is your ASX-listed company doing something interesting? Contact:
West Australian
17-06-2025
- Business
- West Australian
Empire/Beetaloo stimulates gas extraction at massive NT project
Empire Energy Group, under its new name Beetaloo Energy Australia, has kick-started hydraulic stimulation activities at the company's 3.31-kilometre-long Carpentaria-5H horizontal well in the Northern Territory's massive Beetaloo Basin. The new moniker reflects the company's determination to focus on the Beetaloo sub–basin and positions itself to become the nation's next big onshore gas player. It will migrate from the ASX ticker EEG to BTL from the start of trading tomorrow. Beetaloo plans to complete more than 60 stimulation stages along a 3.31km, 5.5-inch cased section within the Velkerri B shale in the well, which is the longest horizontal well in the Beetaloo sub-basin. Beetaloo expects the program will take four weeks. The Carpentaria-5H well sits within the company's Beetaloo Basin EP187 permit. Along with the Carpentaria-2H and Carpentaria-3H wells, Carpentaria-5H forms part of the company's Carpentaria pilot project. The 2H and 3H wells were drilled and stimulated from the same well pad. Beetaloo used specialist firms to refine the design of the stimulation program to ensure it considered lessons learned from previous well stimulation programs. It has charged industry-leading firm Halliburton with stimulating the super-long well. Halliburton's equipment will provide much-needed punch to the program, which is designed to maximise production rates and gas recovery levels. Due to the longer well length and larger casing diameter, the stimulation program design will utilise an increased 42,000 hydraulic horsepower for larger pumping rates, increased fluid and proppant (sand) intensity, and a dedicated slickwater design. It includes a revised perforation strategy and various other enhancements. The benchmarks include a 100-barrel (bbl) per minute pump rate, 50bbl per foot slickwater stimulation fluid intensity and a 2400-pound per foot proppant intensity. Underwood said horizontal drilling and hydraulic stimulation revolutionised the United States' energy system, driving down energy prices and emissions intensity while stimulating economic activity. Australia has the same opportunity through the development of the Beetaloo Basin, he said. When the stimulation program finishes, Beetaloo will undertake a 30-day clean-up and soak, followed by a 30-day production test to check the flow rate levels. The company anticipates the release of IP30 flow rates within the next three months. The 3.31km horizontal well sits at an average depth of 1580 metres below ground within a 70m-thick B shale reservoir. The planned stimulation of more than 60 stages will use the standard plug and perf technique. Commonly used in shale formations, the technique involves setting temporary bridge plugs at specific intervals within a wellbore to isolate and treat different zones sequentially. After setting the plug, perforating guns are used to create openings in the well casing and surrounding formation. The perforations allow the hydraulic stimulation fluid to be pumped in to fracture the rock. Following successful hydraulic stimulation and production flow testing, the company plans to construct the Carpentaria pilot project. The project will determine a long-term production curve to support future development planning. When the well has been stimulated, it will be shut in and tied into the Carpentaria gas plant for production. Beetaloo will then seek the regulatory nod for gas sales under the NT's beneficial use of test gas rules. Management plans to eventually draw sufficient gas from the basin to supply the NT government with as much as 100 terajoules of gas per day. Beetaloo holds a commanding 117,000 square kilometres of prospective exploration tenements in the NT's McArthur Basin and Beetaloo sub-basins. Both basins offer enormous hydrocarbon potential. The company remains stacked with funds, highlighting its cash at bank is a healthy $40.5 million. It follows the company raising a handy $28 million in May to bolster its Beetaloo Basin exploration plans. Beetaloo also retains access to $28.8 million in undrawn Macquarie Bank facilities. Boosted by continual funding, its large cash holding and a world-class gas region, Beetaloo has come far. Test flow results expected in the next few months should provide a guide to just how far Carpentaria has come along the path to success. Is your ASX-listed company doing something interesting? Contact:
