News Articles for Beetaloo Energy Australia

Beetaloo Energy has cleared the last hurdle to development at its Carpentaria pilot project in the Northern Territory, taking a final investment decision on its mammoth Beetaloo Sub-basin. The move caps off a string of regulatory wins for the company, which is on a fast track to deliver gas into a hungry NT gas market facing acute supply shortages.

Beetaloo Energy has landed the final watershed approval in the Northern Territory, clearing the decks to sell appraisal gas from its Carpentaria 5-H well and kick off pilot production. In a first-of-its-kind decision on Aboriginal Freehold land, gas will soon flow directly into the local market, sharpening the company's pathway to early revenues and commercial sales.

Beetaloo Energy has ticked off a major regulatory milestone after the Federal Minister signed off on Traditional Owner consent to sell appraisal gas from its permit in the Northern Territory. The approval opens the gate for a final State Government sign-off that would allow the company to extend appraisal drilling and gas sales for several years, feeding the local market and paving the way for full-scale development.

Beetaloo Energy has observed significant gas flowing while running clean up at its Carpentaria-5H well in preparation for an upcoming IP30 flow test, after recently undertaking successful stimulation of the well. The company is nearing the pointy end of identifying just how productive its Carpentaria-5H horizontal well may be, as it zeroes in on the Northern Territory's extensive Beetaloo Basin to prove up a massive gas resource.

Beetaloo Energy Australia has entered the back half of 2025 with a strong cash position, traditional owner approval and a record-breaking hydraulic stimulation at its flagship Carpentaria-5H well. The milestones pave the way for a pivotal flow test as the company targets first shale gas from the Northern Territory's Beetaloo Basin – a move that could reshape Australia's energy future.

Beetaloo Energy Australia has completed a historic 67-stage hydraulic stimulation campaign executed by global oilfield services giant Halliburton at its Carpentaria-5H well in the Northern Territory's Beetaloo sub-basin. The campaign was wrapped up in 20 days and covered an extraordinary 2955-metre lateral section, marking what could be a turning point in Australia's quest for reliable and scalable gas supply to the eastern seaboard.

Beetaloo Energy has secured crucial consent from Traditional Owners to sell appraisal gas from its Carpentaria gas project in the Northern Territory. The decision followed an on-country meeting organised by the Northern Land Council and paves the way for further development. The company says the agreement has highlighted its commitment to Indigenous partnerships and enables local communities to share in the region's growing economic opportunities.

Empire Energy Group – under its new name Beetaloo Energy Australia - has kick-started hydraulic stimulation activities at the company's 3.3km-long Carpentaria-5H horizontal well in the Northern Territory's massive Beetaloo Basin. The company plans to run more than 60 stimulation stages along the longest horizontal well in the Beetaloo sub-basin and expects the program to take four weeks.

Empire Energy has secured a hefty $28M war chest to propel its trailblazing Carpentaria gas pilot project in the N.T's colossal Beetaloo Basin, as it manoeuvres to become Australia's next big onshore gas player. The capital injection will turbocharge the hydraulic stimulation and flow testing of Empire's Carpentaria-5H well, the longest horizontal well in the Beetaloo Sub-basin at a whopping 3310m.

Empire Energy is closing in on becoming the first gas producer in NT's massive Beetaloo Basin from its Carpentaria project, in what is shaping up to be a high-stakes moment for Australia's energy future. Hydraulic stimulation of its 3.3km horizontal C-5H well is expected to kick off in May. A successful production flow is likely to open the flood gates for many more players to enter the fray.

Empire Energy is now well on its way to being the first to produce gas out of the NT's biblical scale Beetaloo gas basin after Macquarie Bank put up a $65m funding package for it, avoiding the need

Empire Energy Group is a step closer to launching a nine-hole drill program at its Carpentaria pilot project in the Northern Territory, having secured key environmental approvals and a production licence for up to 12 wells. The Ensign #965 rig is onsite and ready to start drilling the Carpentaria-5H well imminently, with Halliburton contracted for hydraulic fracture stimulation.

Empire Energy Group has locked in contractors to start drilling its Carpentaria-5H well next month, with an aim of supplying 25 terajoules a day for 10 years under a new agreement with the NT Government. The company has confirmed it has signed deals with Ensign Australia for drilling services and Halliburton Australia for fracture stimulation at the pilot project that sits 650km south-east of Darwin.

Empire Energy Group has taken a significant step towards becoming the first gas producer from the Beetaloo Basin after inking a 10-year supply agreement with the Northern Territory Government for 25 terajoules of gas per day. The deal takes the company closer to a final investment decision on its Carpentaria pilot project and would see it supply a total 75 petajoules over a decade.

Empire Energy Group says it has received binding commitments to raise a hulking $46.8 million from new and existing institutional shareholders, including two United States-based oil and gas heavyweights. The company will be extremely well-funded after the raise and will use its new “cash stash” to drill a 3km-long development well at its Carpentaria pilot project in the Northern Territory's Beetaloo Sub-basin.

Empire Energy will pay down its US debt to Macquarie and put a bit over A$3m in the tin to chase gas in the Northern Territory's Beetaloo basin after offloading its US oil and gas assets for about A$14 million. The company is poised to take on the Australian east coast gas supply dilemma with its Beetaloo ground modelled to generate a project net present value for phase two of $2.5 billion and $14.5 billion for phase three.

The Northern Territory's onshore Beetaloo basin is thought to be harbouring almost biblical-scale gas deposits and ASX-listed Empire Energy is in the vanguard of those seeking to prove its commercial viability. The company is now teeteringly close to pushing the button on an investment decision to start flowing gas commercially out of the basin – a move that could revolutionise the Australian gas industry.

Empire Energy has ramped up its Carpentaria gas pilot project in the Northern Territory by acquiring AGL's fit-for-purpose, 42-terajoule per day Rosalind Park gas plant for $2.5 million in cash. The company says the facility exceeds the standards set by its technical due diligence process and estimates the acquisition will shave a year off its pilot plant timeline and save it more than $30 million.

A research and development tax offset of $15.6 million – and a healthy bank balance now at $29.3 million – will underpin Empire Energy Group's bid to take its Carpentaria pilot project to a final investment decision. The company says its Beetaloo Basin project has the potential to service the Top End and east coast of Australia with more than 500 terajoules of power per day.

Empire Energy Group has lit up with increased gas flow rates from its fracture-stimulated Velkerri shale gas horizontal well, known as “Carpentaria-3H”, in the Northern Territory's Beetaloo Basin. The company says it has reaffirmed its optimised extended production test strategy. The results replicate post-soaking improvements seen in its other horizontal well, Carpentaria-2H, auguring well for the planned gas pilot project to service existing gas pipelines.

Empire Energy Group has revealed a new deal with infrastructure specialists APA Group to progress gas transport solutions for its Carpentaria gas project in the Northern Territory. The company says it is now planning two stages of development for the project, which has the potential to service the Top End and east coast of Australia with more than 500 terajoules of power per day.

Empire Energy is predicting an increase in gas flow from its Carpentaria-3H well following a five-month post-fracture stimulation shut-in and soak at its permit within the Top End's giant Beetaloo Basin. The company's planned pause was designed to allow its reservoir shales to release more gas. The same technique proved successful in a sister well that targeted the same formation within the EP187 permit.

An impending and material cut to the Northern Territory gas supply is exacerbating the looming East Coast gas crisis. Production at Eni's Blacktip gas field, offshore in northern Australia, has fallen faster than expected and has raised fears about energy security both within the NT and further afield. But the Beetaloo Basin could emerge as a major source of new supply.

Empire Energy Group says it has a “nationally significant resource” on its hands after an independent review of its EP187 site boosted its estimated 2C contingent resource by 270 per cent to 1739 petajoules (PJ). It says the analysis increases its conservative 1C contingent resource by 217 per cent to 304 PJ and the best-case 3C contingent resource by 129 per cent to 3507 PJ.

Budding Australian gas producer Empire Energy Group has wound up the latest round of flow-testing at its Carpentaria-2H gas well in the Northern Territory, pulling up a total of 323 terajoules over 127 days. As Empire gears up to commence testing at its Carpentaria-3H well, its impressive flow rates are eliciting the attention of a growing list of potential suitors for the in-demand energy source.

Empire Energy Group has been given the green light to seek production approvals for its gas projects in the Beetaloo sub-basin – a game-changing moment for the area's development of the vast resource. The company says finalisation of the NT Government's new industry regulations sets the scene for gas production approval in the region, including for its EP187 Carpentaria pilot project.

Australian oil and gas company Empire Energy Group has turned the tap back on at its Carpentaria-2H gas well in the Northern Territory's world-renowned Beetaloo sub-basin as it sets its sites on a pilot production plant. The well clocked a March quarter production rate of 2.81 million standard cubic feet per day over a 30-day period, up 17 per cent from previous tests.

Empire Energy says it has boosted production ambitions by lifting its average 30-day gas flow rate by more than 17 per cent in initial tests held at the NT's Beetaloo Basin. It says a new rate of 2.81 million standard cubic feet (mmscf) per day at its first horizontal well represents a normalised flow rate of more than 3mmscf a day per 1000m of horizontal section.

Juniors have thrived in the search for future-facing commodities, while investment in coal suggests that sector won't go quietly.

Sydney-based oil and gas company Empire Energy Group is one step closer to production. The company has recently put its Carpentaria-3H well through its paces by testing flow pressure and now are sealing the off the well to increase those numbers and recovery over the life of the well. Empire has the largest acreage holding in the giant Beetaloo Basin gas province in Australia's top end.

Australian-listed explorers raised a bolstered $3.02 billion during the December quarter after lithium and gold topped the charts for the most funds secured.

Sydney-based Australian oil and gas company Empire Energy Group has hailed its December quarter as the most active in its history. The workstream was headlined by Empire's drilling completion of the Carpentaria-3H gas well in the Northern Territory's world-renowned Beetaloo sub-basin and included a record breaking 2632m horizontal section that was realised on time and significantly under budget.

Empire Energy has wrapped up a successful round of hydraulic stimulation at its Carpentaria-3H gas well in the Northern Territory's revered Beetaloo sub-basin. According to the company the program's total outlay of $17.3 million is roughly $3.6 million under its initial projections and is delivering results across each of the 40 planned stages of a 1989m section of the horizontal well bore.

Amidst new legislation aiming at curbing surging energy prices on the east coast, Empire Energy's Beetaloo sub-basin gas assets in the Northern Territory have been made exempt from a temporary domestic price cap of $12 a gigajoule. The 12-month ceiling targets producers with new domestic wholesale gas contracts, however the directive only applies to in-operation gas fields – leaving Empire's undeveloped holdings unaffected.

Amidst an alarming shortfall in domestic gas supplies, Empire Energy is powering ahead with its Beetaloo Sub-basin appraisal program in the NT – a campaign it says is the most active in the zone's history. The work follows a recent report by the ACCC indicating Australia's east coast will endure a gas shortage in 2023 and the regulator is now concerned the commodity's already high price could jump even higher.

ASX-listed Empire Energy has kicked another goal in the Beetaloo sub-basin after casing and cementing the horizontal section of its Carpentaria-3H gas well in the Northern Territory in just 2 days. The play sets the asset up for a December reservoir fracking program where the company will look to harvest some of the zone's 500 trillion cubic feet of gas.

Empire Energy has shattered another record in the Beetaloo sub-basin with a 2632m horizontal section of its Carpentaria-3H gas well in the Northern Territory cementing itself as the longest well section drilled in the zone to date. The company says over 90 per cent of its latest interval penetrated the hydrocarbon-rich Velkerri-B shale formation where strong gas shows were observed.

ASX-listed Empire Energy has closed the book on a memorable quarter, tabling bumper revenues of $3.96 million from its portfolio of conventional oil and gas assets in the New York State and Pennsylvania regions. Strong demand for gas has also seen the company's US operations deliver a solid EBITDA of US$1.66 million and end the September period with $32 million in the bank.

ASX-listed Empire Energy has commenced drilling of its highly anticipated Carpentaria-3H well in the Northern Territory's revered Beetaloo Sub-basin. Recent figures suggest the region could contain up to a staggering 500 trillion cubic feet of gas and the company is planning to target the onshore resource through a 2000m horizontal probe.

Empire Energy has notched up another milestone in the Beetaloo sub-basin with ongoing production testing of its Carpentaria-2H well in the Northern Territory delivering a 30-day average of 2.4 million standard cubic feet of gas per day. The company says its new data suggests the well's gas is endowed with a low impurity composition that could support low carbon development opportunities.