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New Zealand Shale

New Zealand Shale News

Shell Exits New Zealand in $578MM Deal with OMV

Premium content Shell Exits New Zealand in $578MM Deal with OMV

Shell has inked a deal to sell off its entire portfolio in New Zealand to OMV for $578 million. The agreement includes Māui, Pohokura and the Tank Farms.…

TAG Spins Bit at Latest New Zealand Well; Conducts Seismic Ops in Australia

TAG Spins Bit at Latest New Zealand Well; Conducts Seismic Ops in Australia

TAG Oil has updated its ops in New Zealand and Australia. New Zealand Begun operations on the Pukatea-1 exploration well. The primary objective of the Pukatea-1 well will…

TAG Sees Production Dip 13% YOY to 1,200 BOEPD

TAG Sees Production Dip 13% YOY to 1,200 BOEPD

TAG reports annual and Q4 results for FY ending March 31, 2017.At March 31, 2017, the Company had $21.6 million in cash and cash equivalents and $25.9 million…

TAG Comes Up Empty at Supplejack Well; Updates Cheal Ops

TAG Comes Up Empty at Supplejack Well; Updates Cheal Ops

Net production to TAG from its Cheal and Sidewinder fields has recently averaged approximately 1,300 boe/d (~80% oil) over February 2017.

TAG Oil Flows Gas From Cardiff, Supplejack Test Wells

TAG Oil Flows Gas From Cardiff, Supplejack Test Wells

Successful initial flow testing at the Cardiff field and further information on its Supplejack-1 well flow testing program

East West Petroleum Adds to Board of Directors

East West Petroleum Adds to Board of Directors

East West Petroleum reported the appointment of Mr. Ross McElroy to the Board.

TAG Oil Flow Tests Supplejack-1 Well Onshore New Zealand

TAG Oil Flow Tests Supplejack-1 Well Onshore New Zealand

TAG Oil announced preliminary test results from the Supplejack-1 well located in TAG's PEP 57065 permit in the Taranaki Basin of New Zealand.

TAG Oil Recompleting Wells to Boost Output; Begins EOR Project

TAG Oil Recompleting Wells to Boost Output; Begins EOR Project

TAG Oil updated its latest operations in the Taranaki Basin of New Zealand.

TAG IDs Slim Budget for Fiscal 2017; Focused on Exploration

TAG IDs Slim Budget for Fiscal 2017; Focused on Exploration

TAG's capital budget for FY2017 is CDN$7.6 million

TAG Oil Names New COO; Extends NZ Cheal Permit

TAG Oil Names New COO; Extends NZ Cheal Permit

TAG Oil Ltd. reported that Mr. Henrik Lundin is commencing his position as TAG Oil's Chief Operating Officer on June 27, 2016...

New Zealand Shale Rig Data: August 11, 2026

New Zealand Shale Overview

Similar to the neighboring country of Australia, New Zealand's unconventional operations are a relatively new development. With the Taranaki Basin at the center of development efforts, operators are utilizing hydraulic fracturing techniques to access reserves located in the areas of the basin with lower permeability.

Companies with the highest New Zealand acreage holdings include TAG Oil, New Zealand Energy Corp. and Apache.

 

New Zealand Shale Mergers & Acquisitions

Announce Date Buyer Seller Title Value $MM
03/16/2018 OMV Group Shell plc Shell Exits New Zealand in $578MM Deal with OMV $578

New Zealand Shale Transactions By Quarter ($MM)