Latest news with #Carpentaria-5H
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
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:
Sydney Morning Herald
17-06-2025
- Business
- Sydney Morning Herald
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 strategically 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. 'The stimulation of Carpentaria-5H is an historic moment in the development of the Beetaloo Basin.' Beetaloo Energy managing director Alex Underwood 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.
