Formentera Partners and Daly Waters Energy Start Commissioning First Natural Gas Plant in the Beetaloo Basin
Formentera Partners and its Australian operating company, Daly Waters Energy (DWE), today announced the start of natural gas commissioning at the Sturt Plateau Compression Facility (SPCF). The SPCF is the final piece of infrastructure needed to start the flow of natural gas from the Beetaloo Basin to the people and businesses of the Northern Territory.
Formentera Partners Scales Up U.S. Shale Technology in Australia
Formentera Partners, its Australian operating company, Daly Waters Energy (DWE), and INPEX Pty Ltd (INPEX) today announced that, together with Helmerich & Payne (
NYSE: HP), they have contracted an H&P FlexRig® for operations in Australia. This agreement is a key milestone and provides critical drilling capacity as the partners advance the Beetaloo Basin into its next phase of appraisal and development. The rig is expected to arrive during the second quarter of 2027.
Formentera and INPEX Announce Strategic Partnership to Accelerate Development of Australia’s Beetaloo Shale Resources
Formentera Partners and INPEX announced a landmark strategic joint venture partnership that will accelerate development of vast natural gas resources from the onshore Beetaloo Basin in Australia’s Northern Territory. The collaboration brings together Formentera’s leading shale expertise and INPEX’s global LNG capabilities to establish a new domestic natural gas source for Australia and support future LNG exports to premium markets in Asia and around the world.
