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SUMMARY:Joint March Luncheon - Donny Loughry Recent Developments as 
 Tamboran Targets First Gas Sales this year in the Emerging\, Multi-TCF 
 Velkerri Shale Gas Play\, Beetaloo Basin\, NT\, Australia
DTSTART;TZID=US/Central;VALUE=DATE-TIME:20260304T113000
DTEND;TZID=US/Central;VALUE=DATE-TIME:20260304T130000
DTSTAMP;VALUE=DATE-TIME:20260217T141625
UID:699478391995c705e4a5d892
DESCRIPTION:Joint Dallas Geological &amp\; Dallas Geophysical Society 
 Luncheon. Talk Abstract The Beetaloo sub-basin is a structurally formed 
 remnant of the greater McArthur Basin\, filled with relatively undisturbed
  Mesoproterozoic to Neoproterozoic sediments. The target source rock 
 intervals of the Beetaloo sub-basin are found within the Mesoproterozoic 
 Roper Group\, a thick sedimentary package consisting of quartz 
 sandstones\, siltstones\, and organic-rich siliceous mudstones. 
 Exploration by Tamboran Resources and others in the basin suggests the 
 presence of a world-class gas play. The key self-sourcing reservoir is the
  Mesoproterozoic age Velkerri Formation (~1.4 Ga)\, which may be the 
 oldest productive petroleum system in the world. To date\, only a handful 
 of horizontal wells have been drilled and tested in the basin. Most have 
 targeted the Middle Velkerri B shale\, which is considered the most 
 prospective of the stacked\, organic-rich shales of the Roper Group\, and 
 is estimated to contain &gt\;200 TCF of recoverable gas resources. There 
 is an estimated additional 100-200 TCF of recoverable gas resources within
  three other shale targets. Delineating the play boundaries of an 
 unconventional shale is a relatively easy task\, as the area is defined by
  meeting certain rock property thresholds (e.g.\, TOC\, depth\, 
 thickness\, thermal maturity). Defining the sweet spot is much more 
 involved\, requiring an understanding of how to appropriately weight rock 
 and reservoir properties at the basin scale of observation. To date\, 
 Tamboran is responsible for drilling and testing the four highest-rate 
 wells in the basin\, all within the emerging\, nearly 2MM-acre sweet spot.
  The remote setting of the Beetaloo and lack of infrastructure are the 
 main hurdles to overcome on the pathway to development and 
 commercialization. The recent influx of U.S. shale drilling and completion
  expertise\, led by Tamboran\, has already demonstrated marked 
 improvements in drilling times and completions efficiencies. Moreover\, 
 recent U.S. investment capital has been secured\, a further demonstration 
 of increasing confidence in the viability of the play. With the completion
  of a gas processing facility and pipeline connector\, Tamboran is set to 
 deliver first gas by Q3 of this year. Speaker Bio Donny Loughry is a 
 Senior Manager\, Geoscience and Technical Advisor at Tamboran Resources. 
 He has 15 years of experience in unconventional shale plays in the US and 
 Australia\, much of which he gained while working at Pioneer Natural 
 Resources where he focused on geologic\, petrophysical\, and geomechanical
  characterization and analysis for exploration\, appraisal\, drilling 
 optimization\, and development of Pioneer&rsquo\;s unconventional assets 
 and interests (Barnett Shale\, Spraberry\, Wolfcamp\, Eagle Ford\, 
 Appalachian Basin). He joined Tamboran Resources in 2021 where he is 
 focused on exploring for hydrocarbons in the gas-rich Beetaloo sub-basin 
 in Australia&rsquo\;s Northern Territory. Questions? Contact Alex 
 Blizzard\, Dallas Geological President: alex.blizzard@spglobal.com Contact
  Rob Hull\, Dallas Geophysical Vice President: Robert.Hull2015@outlook.com
  
LOCATION:The Clubs of Prestonwood\, 15909 Preston Rd\, Dallas\, TX 75248\, 
 USA
PRIORITY:5
URL:https://www.dallasgeophysical.org:443/events/joint-march-luncheon-
 donny-loughry-recent-developments-as-tamboran-targets-first-gas-sales-
 this-year-in-the-emerging-multi-tcf-velkerri-shale-gas-play-beetaloo-
 basin-nt-australia
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