Tamboran Resources Corporation has released an operational update detailing significant progress in its drilling activities within the Beetaloo Basin.
The company announced that the Shenandoah South 2H sidetrack (SS-2H ST1) well has been successfully cased and suspended at a measured depth of 16,182 feet (4,932 metres).
This well includes a horizontal section measuring 5,906 feet (1,800 metres) within the Mid Velkerri B Shale, with approximately 5,577 feet (1,700 metres) slated for stimulation.
In a strategic move to enhance productivity, Tamboran will immediately commence drilling the Shenandoah South 3H (SS-3H) well.
This new well is planned to feature a lateral section of about 10,000 feet (3,000 metres) in the same Mid Velkerri B Shale formation.
Following the completion of SS-3H, stimulation operations using equipment from Liberty Energy are expected to begin in the first quarter of 2025, targeting at least 34 stages for SS-2H ST1 and 60 stages for SS-3H.
The operational update also highlighted that lessons learned from the initial Shenandoah South 2H (SS-2H) well were effectively applied during the drilling of SS-2H ST1.
This resulted in impressive drilling rates of 378 metres per day from spud to total depth, which is approximately 31 per cent faster than the previous SS-2H well over a similar interval.
Tamboran Resources Corporation remains on track to deliver initial production rates (IP30) from both the SS-2H ST1 and SS-3H wells during the first quarter of 2025.
Joel Riddle, Managing Director and CEO of Tamboran, commented on the operational update, stating that after consulting with their Beetaloo Joint Venture partners, they decided to case and suspend the SS-2H ST1 well early due to a failure of a directional drilling tool.
This decision is anticipated to avoid additional rig costs and facilitate immediate drilling of the SS-3H well from the same pad.
Riddle expressed confidence in the performance of the directional drilling tools for SS-3H and noted that the drilling team had successfully implemented prior learnings to achieve record rates.
He emphasised that Tamboran’s geological modelling continues to be validated, as evidenced by a high-quality reservoir section logged during SS-2H ST1 without any faulting within the shale formation.
