Australia M&A – INPEX to farm into Daly Waters Energy’s Beetaloo Basin acreage

(Originally posted on March 26, 2026)

Yesterday, INPEX announced that it has entered into a farm-in agreement with Daly Waters Energy to acquire stakes in its Beetaloo Basin acreage.

The holdings in the Beetaloo Basin are a little complex but this deal will see INPEX take a stake in two key areas:

• First Strategic Development Area (FSDA) North & South: INPEX will acquire an 11.25% stake from Daly Waters.
• Beetaloo Central Development (BCD): INPEX will acquire a 20% stake from Daly Waters.

The farm-in agreement also includes an option for INPEX to increase its interest in the BCD to 43.75%.

No financial details of the transaction have been disclosed. However, it can be expected that INPEX will fund some of the upcoming development work.