Our Story

The first of Tri-Star’s companies, West Texas Oil & Gas Corporation, is established by Dr James Butler III and his son, Dr James Butler Jr, to explore and develop oil reserves in the Permian Basin in West Texas, USA

1979

Tri-Star Petroleum Company is formed to explore gas and oil opportunities in Australia

1988

A head office is established in Brisbane

1990

Tri-Star’s exploration program in Queensland’s Bowen basin discovers major natural gas reserves and the state’s first commercial CSG well

1994

Tri-Star drills approximately 60 development and exploration wells in CSG acreage in Spring Gully, Durham Ranch, and Fairview

1994-2001

Tri-Star brings natural gas to the east coast gas market via pipeline from the Fairview field

1998

Tri-Star farms out its Queensland CSG interests (including operated positions in the major Spring Gully & Durham Ranch, Combabula, Condabri & Roma East fields and non-operated positions in the Fairview & Arcadia fields) to Oil Company of Australia (now Australia Pacific LNG or APLNG), subject to a purchase price, royalty and reversionary rights

2002

Tri-Star reaches agreement with Tipperary Oil & Gas Australia (now GLNG) to convert its working interests in Fairview and Arcadia into a royalty

2004

Tri-Star farms out its Roma East interest to Bronco Energy (now GLNG) in exchange for a royalty and other associated rights

2005

January - Santos, Petronas, KOGAS and Total make FID on the US$18.5 billion GLNG project with Fairview, Arcadia & Roma East fields underpinning the project as key LNG feedstock gas sources

July - APLNG Project reaches FID. The underlying resource base from Spring Gully & Durham Ranch, Combabula, Condabri and other fields originally discovered by Tri-Star were key drivers to the sanctioning of this project

2008

Tri-Star begins proceedings in the Supreme Court of Queensland against APLNG to seek clarity around reversion and other matters

2014

The first LNG cargoes are shipped from both the APLNG and GLNG LNG plants on Curtis Island near Gladstone in Queensland

2015-2016

Tri-Star commences sales of its equity share of gas from the Spring Gully project into the east coast gas market

Tri-Star expands further into minerals exploration, acquiring significant swathes of exploration acreage in Queensland, South Australia and the Northern Territory

2021