Why These Energy Stocks Are Gaining This Week

5. Tamboran Resources Corporation (NYSE:TBN)

Share Price Gains Between Feb. 14 – Feb. 24: 8.61%

Tamboran Resources Corporation (NYSE:TBN) is a natural gas company focused on developing unconventional gas resources in the Northern Territory of Australia. The company released its Second Quarter Activities Report, highlighting substantial advancements in its Beetaloo Basin operations. TBN, along with its partners, has completed drilling operations for two production wells and commenced stimulation activities in the region, marking important milestones towards first gas production. The wells will supply the proposed Shenandoah South Pilot Project, which is expected to produce 40 million cubic feet of natural gas a day with production expected to start in 2026. TBN has also entered into binding agreements with APA Group for the construction and operation of the 23-mile Sturt Plateau Pipeline, crucial for the above-mentioned project.

It was also announced last month that Tamboran Resources Corporation (NYSE:TBN) has signed an MOU with Santos to explore commercialization options for the potential expansion of the Santos-operated Darwin LNG plant at Middle Arm.