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

Tamboran Resources has completed the acquisition of Falcon Oil & Gas, a oilfield services business in Australia’s Beetaloo Basin, for US$500 million. Falcon Oil & Gas operates in the Beetaloo depocenter, supporting upstream development activities that fit Tamboran’s Beetaloo Basin strategy. Tamboran Resources acquires Falcon Oil & Gas to strengthen working interest in the Phase 2 Development Area and improve alignment across EP 76, 98 and 117 acreage in the Northern Territory. The strategic acquisition is structured as a merger acquisition, with Tamboran Resources acquisitions valued at C$239 million (US$172 million) for Falcon subsidiaries, plus US$23.7 million cash consideration and 6,537,503 Tamboran shares. The energy M&A deal is expected to close in 1Q 2026, subject to Falcon shareholder approval and Tamboran stockholder approval of the NYSE share issuance.