---
title: "Formentera Partners Scales Up U.S. Shale Technology in Australia"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295101375.md"
description: "A company based in Austin, Texas, along with its Australian operating company, Daly Waters Energy (DWE), and INPEX Pty Ltd (INPEX), have partnered with Helmerich & Payne (NYSE: HP) to secure an H&P FlexRig® for operations in Australia. This collaboration marks a significant step forward as they push forward with advancing the Beetaloo Basin for appraisal and development. The contracted rig is anticipated to be on-site in Australia by the second quarter, providing essential drilling capacity for the upcoming phase of operations."
datetime: "2026-08-06T11:14:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295101375.md)
  - [en](https://longbridge.com/en/news/295101375.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295101375.md)
generator: "portal-rs"
---

# Formentera Partners Scales Up U.S. Shale Technology in Australia

A company based in Austin, Texas, along with its Australian operating company, Daly Waters Energy (DWE), and INPEX Pty Ltd (INPEX), have partnered with Helmerich & Payne (NYSE: HP) to secure an H&P FlexRig® for operations in Australia. This collaboration marks a significant step forward as they push forward with advancing the Beetaloo Basin for appraisal and development. The contracted rig is anticipated to be on-site in Australia by the second quarter, providing essential drilling capacity for the upcoming phase of operations.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**