Latest Oil Gas Exploration And Production News

Tamboran Resources reports robust and stable gas production from its Shenandoah South 6H well, marking a key milestone ahead of planned gas sales in late 2026.

Red Sky Energy has secured its stake in the next phase of the Yarrow gas field development with Santos, backed by a $1 million placement and a planned Rights Issue to fund its share of the $2 million expenditure.

Buru Energy’s CEO Thomas Nador resigns due to health reasons, with interim leadership stepping in as the company advances its Rafael Gas Project.

Tamboran Resources has agreed to farm down a significant portion of its Beetaloo Basin acreage to Daly Waters Energy, unlocking a $28.5 million staged earn-in and aligning with a strategic joint venture involving Japan’s INPEX Corporation.

Bass Oil reported steady February production with some operational setbacks in the Cooper Basin, while gaining regulatory approval for the Vanessa gas field acquisition and securing government funding for Kiwi gas development.

Australian Oil Company Limited is set to lift its first crude oil from the Emu Apple Oil Field in the Surat Basin on 31 March 2026, marking a key production milestone. Concurrently, the company has identified intriguing iodine anomalies in its exploration permit PL 30, hinting at potential new hydrocarbon targets.

Brookside Energy has commenced site preparation for a two-well development pad in the SWISH Area of Interest, with drilling set to begin in May 2026 targeting key formations in the Anadarko Basin.

Bass Oil has received regulatory approval to award the drilling contract for its Bunian 6 well in Indonesia, aiming to add 500 barrels of oil per day to current production by mid-year.

Stonehorse Energy's Drumheller #1 well in Alberta outperforms expectations, prompting accelerated drilling of wells #2, #3, and #4 with production slated for Q2 2026.

Elixir Energy has marked a pivotal step in developing Queensland’s Taroom Trough gas resource with the successful drilling of the Lorelle-3 well and ambitious appraisal plans set for 2026. Positioned near key infrastructure and backed by major players, the company is poised to accelerate commercialisation efforts in this emerging energy hub.

Bass Oil Limited has raised $3 million through a well-supported share placement to fund key projects including the Vanessa gas field acquisition and Indonesian oil drilling, positioning itself for a 2026 entry into the East Coast Gas Market.

Galilee Energy has confirmed the final location for its Zydeco-1 well in Louisiana, targeting significant gas and condensate resources with drilling set for the second quarter of 2026. The well also aims to explore additional oil potential, optimising costs and environmental impact.