Latest Hydraulic Fracturing News

Tamboran Resources Corporation posted a $20 million net loss for the half year ending December 31, 2024, reflecting intensified exploration and development activities in the Beetaloo Basin amid no revenue generation. The company’s cash reserves declined to $59.4 million, underscoring the pressing need for additional capital to fund ongoing projects.

Tamboran Resources has achieved a significant operational milestone in the Beetaloo Basin, delivering record-breaking stimulation efficiency in its SS-2H ST1 well. The company now advances towards flow back and extended production testing, signaling potential for enhanced gas output.

Helios Energy has made significant strides in advancing its flagship Presidio Project in Texas, confirming substantial hydrocarbon resources and strengthening its leadership and financial position.

Omega Oil and Gas Limited has successfully completed drilling and testing of its Canyon-1H horizontal well, revealing encouraging reservoir conditions that set the stage for upcoming fracture stimulation and flowback testing.

Tamboran Resources has launched a major hydraulic stimulation campaign for its SS-2H ST1 and SS-3H wells in the Beetaloo Basin, deploying advanced Liberty Energy equipment to boost production efficiency and support Northern Territory energy supply.

Helios Energy has engaged Houston-based W.D. Von Gonten Engineering to apply advanced geological and engineering expertise to its flagship Presidio Project in West Texas, signalling a strategic push to unlock its full potential.