Origin Energy Agrees to Sell Beetaloo Basin Interests to Tamboran Resources

By Global Infrastructure Sherpa · Mar 4, 2024

Project Sale Natural Gas announced Australia Mar 4, 2024

USD40.3M

Deal Value

exploration

Stage

Tamboran Resources will acquire Origin Energy's interests in the Beetaloo Basin, including a 77.5% working interest in EP 117 and a 100% working interest in EP 76, for up to $60 million. The deal allows Origin to focus on its clean energy transition.

Source Intelligence

KEY DETAILS

Tamboran (B1) is 50-50 owned by Tamboran Resources and its substantial shareholder Bryan Sheffield. Origin will also receive a 5.5% royalty based on wellhead revenues produced from the three permits from Tamboran (B1). Falcon holds a pre-emptive right to acquire a 77.5% stake in the Beetaloo Basin JV, from Origin.

“

Deal Size

The transaction has upfront consideration of A$60m ($40.31m) and a royalty on future production over the life of the potentially high-producing shale gas basin.

“

Location

Origin Energy has agreed to divest its 100% interest in oil and gas assets in the Beetaloo Basin located in the Northern territory, Australia to Tamboran (B1).

“

PPA Details

Origin signed agreement to purchase 36.5 petajoules of gas a year for a period of ten years from the Beetaloo Basin asset.

PARTIES MENTIONED IN SOURCE

Origin Energy seller

"Origin Energy has agreed to divest its 100% interest in oil and gas assets in the Beetaloo Basin located in the Northern territory, Australia to Tamboran (B1)."

Tamboran Resources buyer

"Origin Energy has agreed to divest its 100% interest in oil and gas assets in the Beetaloo Basin located in the Northern territory, Australia to Tamboran (B1)."

Falcon Oil and Gas Australia

"Currently, Origin holds a 77.5% operatorship stake in a joint venture with Falcon Oil and Gas Australia (22.5%) for exploring for shale gas across three permit areas (EP 76, 98 and 117) in the Beetaloo Basin."

medium quality Enriched Feb 19, 2026