Casino coal seam gas project
South Casino‑9 was a horizontal well designed to increase the productive capacity of gas from the upper Richmond Seam of the Walloon Coal Measures drilled in an east to west direction to intersect the South Casino‑5 vertical well, while South Casino‑10 was drilled from north to south to intersect the South Casino‑8 well (Johnson et al. Santos has invested more than a billion dollars in a Narrabri coal seam gas project, which involves drilling more than wells in coal seams, mostly on state land in the nearby Pilliga forest. The NSW government has moved to fast-track a giant new coal seam gas-drilling project, to be operated by Santos in the Pilliga woodland, near Narrabri in the state's north-west.
However the Queensland state royalties collected from coal seam gas projects are only distributed within the state. The area of PL is approximately square kilometres. Retrieved 3 August There was a combined population of 41, people in the area in Competition for leases subsided into a long wait for railway construction to be completed. As a result, only petroleum projects offshore in the west and some in the north of Australia are subject to the petroleum resource rent tax.
Diane Kraal does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Despite huge investment from the liquefied natural gas LNG industry, the revenue generated by taxing gas is falling. Out of the operating and planned LNG projects in Australia, the largest natural gas to LNG projects are offshore in the west and the north. All the coal seam gas to LNG projects are onshore in the east. The petroleum resource rent tax is a profits-based tax, levied over a specified threshold, and generated from the sale of petroleum commodities such as natural gas and oil, but excludes LNG.
It replaced Commonwealth royalties for all petroleum resources in Commonwealth waters, except for the North West Shelf project. From it was extended to include all onshore and offshore oil and gas projects, including the North West Shelf and coal seam gas CSG projects. Royalties are not technically a tax, but rather the price paid for the stock of mineral resource by business.
Currently the businesses operating the huge WA offshore LNG projects, such as Gorgon and Pluto, do not pay for petroleum resources via a royalty, and it seems unlikely that a petroleum resource rent tax will be paid in the near future. All business profits taxable income , including those from LNG projects in Australia, are subject to company taxation. However petroleum oil and gas is also subject to resource taxes, which vary depending on whether the resource is located in fields onshore or offshore.
The Bowen Basin contains the largest coal reserves in Australia. This major coal-producing region contains one of the world's largest deposits of bituminous coal. The Basin contains much of the known Permian coal resources in Queensland including virtually all of the known mineable prime coking coal.
The Bowen Basin covers an area of over 60, square kilometres in Central Queensland running from Collinsville to Theodore. There was a combined population of 41, people in the area in The ornamental snake is a small reptile native to the Bowen Basin region. In , the State's top ten collieries for production were located in the Bowen Basin.
Commercial exploitation of Bowen Basin coal began at Blair Athol in the s. At the time, the main coal-producing area was the West Moreton coalfields.
Some coal was also produced at the Burrum coalfields and on the Darling Downs. These mines supplied mostly thermal steaming coal to a domestic market; the Railway Department was a major customer. The success of mines depended on whether the coal was suitable for firing boilers and on their proximity to a railway line.
Most early mines in the Bowen Basin struggled to remain commercially viable. Intensive exploration of the Bowen Basin coalfield began only after the crisis in the base metals industry due to falling prices from Tests on the Bowen River Coal Company's lease in and sparked a rush to the field. Five syndicates had registered 17 leases straddling the Bowen outcrops by the end of However, the election of Queensland's first stable Labor government led in August to Cabinet refusing the private applications and reserving the 6.
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