Falcon Oil & Gas subsidiaries Acquired by Tamboran Resources | Energy M&A Deal

Tamboran Resources has completed the acquisition of Falcon Oil & Gas subsidiaries, a oilfield services business in Australia’s Northern Territory, for $1.2 billion. Tamboran Resources acquires Falcon Oil & Gas subsidiaries to expand natural gas exploration and production acreage in the Beetaloo Basin, strengthening its position in the basin’s depocenter. The Falcon assets support integrated development activities, including stimulation programs and planned drilling and compression tie-ins for Beetaloo Basin gas projects. This strategic acquisition is an energy M&A merger acquisition by a strategic buyer, with Tamboran Resources acquisitions funded through issuance of 6,537,503 common shares to eligible Falcon shareholders. Final court approval from the Supreme Court of British Columbia closed the merger, and the 2026 operating program is expected to include at least four wells and five stimulations.