Tamboran Resources has bought out Origin Energy's Beetaloo Basin gas exploration stakes. 

Last week, Origin Energy announced it would scrap plans to frack for gas amid “uncertain and expensive efforts to drive the projects into the production phase”.

This led Tamboran Resources to scour around for $195 million during in a capital raise to buy Origin's permits. 

Tamboran chief executive Joel Riddle says Parsley Energy billionaire Bryan Sheffield and the “largest rig company out of the US”, Helmerich and Payne, will be providing “the first of five modern US rigs into the Beetaloo starting next year”.

“They recognise that the Beetaloo is sort of the next large shale play in the world,” he said.

Mr Riddle says Tamboran will deliver a ‘net zero gas project’ by 2025 and create 6,300 jobs in the Territory.

However, he did not give any details on how the company would achieve net zero emissions, saying more information would be provided “at the appropriate time”. 

Australia Institute research director Rod Campbell says it is “patently false” to claim the industry will create more than 6,000 jobs. That number appears to come from a 2015 study commissioned by the Australian Petroleum and Production Exploration Association.

“Even if a large-scale industry is developed, the Fracking Inquiry's best-case scenario was 500 jobs in the NT, all of which would come from elsewhere in Australia,” he said. 

The deal must still be consented to by the Northern Territory government.