Tamboran Resources (ASX:TBN) has signed a non-binding memorandum of understanding (MoU) with Liberty Energy (NYSE:LBRT) to extend its hydraulic fracture stimulation and wireline services agreement in Northern Territory’s Beetaloo Basin.
Under the MoU, the companies intend to extend their existing agreement for an initial three-year term from 1 September 2026 through 31 August 2029, with a mutual option to extend by a further two years to 31 August 2031.
The agreement contemplates priority access for Tamboran to broader Liberty capabilities, including gas processing, remote gas-fired power generation through Liberty Power Innovations, PropX sand slurry delivery, and collaboration on local proppant supply development.
Liberty also intends to phase lower-emissions pumping equipment into the Beetaloo fleet beginning 2027, alongside joint evaluations of a next-generation lower-emissions completions fleet.
The decision follows the July 2026 completion of the basin’s largest stimulation campaign and its first three-well zipper stimulation, which placed 178 stages across roughly 9,144m of the Mid Velkerri B Shale, averaging 6.7 stages per day. The campaign set single-day records of 12 stages and pumping operations exceeding 20 hours per day.
CEO Todd Abbott says Liberty has been a ‘foundational’ partner in Beetaloo since before their first stage was pumped.
“The service quality and execution they have delivered have moved us down the cost curve faster than we expected, and this MoU sets out a clear path to the operational certainty we need to plan a multi-year development program,” Abbott says.
“A three-year term with a two-year option gives us that continuity while retaining flexibility as the basin scales.
“Their intent to phase in lower-emissions equipment aligns directly with our objective of producing Beetaloo gas on a scope one net zero basis.”
Tamboran notes the MoU remains subject to definitive documentation.
Tamboran Resources is an independent natural gas explorer and producer focused in the Northern Territory’s Beetaloo Basin.
Write to Paula Fabe at Mining.com.au
Images: Tamboran Resources
