What Arrow Energy does

Arrow Energy Pty Ltd is an integrated coal seam gas (CSG) producer and electricity generator headquartered in Brisbane, Queensland, owned as a 50/50 joint venture between Shell (Shell Energy Holdings Australia Limited) and PetroChina (PetroChina International Investment (Australia) Pty Ltd) since 2009. The company explores, develops and produces natural gas from coal seams in the Surat Basin and Bowen Basin in Queensland's Darling Downs and North Queensland regions, with the flagship Surat Gas Project expected to deliver 4,000 petajoules of gas across a 27-year horizon through a portfolio of approximately 2,500 wells organized into SGP South (~2,000 wells around Dalby/Kogan, first gas 2021) and SGP North (~450 wells near Miles, first gas late 2025). It also generates electricity through the Braemar 2 Power Station near Dalby, supplying 4-5% of Queensland's peak demand (enough for 200,000+ homes) into the National Energy Market. Operations include technical differentiation such as deviated drilling (30% well pad footprint reduction), a Beneficial Water Network returning up to 7,000 megalitres/year of treated CSG water to Western Downs farmers, InSAR/LiDAR subsidence monitoring, and a hybrid gas+solar+battery power station under a 20-year Aggreko agreement for SGP North.

The company sells natural gas under long-term negotiated gas sales agreements to enterprise customers — most importantly a 27-year GSA with Shell's Queensland Gas Corporation (Walloons) — and markets electricity into the NEM. Arrow is B2B only; there is no direct-to-consumer offering. Revenue is concentrated on a small number of large enterprise counterparties, and the operating model depends critically on 100+ active landholder access agreements with farming families (350+ families across Miles and Dalby) who host well sites and pipelines on their properties. The company employs more than 450 staff and contractors, holds EPBC and Queensland environmental approvals spanning the Surat Gas Project, Bowen Gas Project and Bowen Pipeline Project, and is led by executives seconded from Shell, CNPC/CNODC and Santos.

Name

Arrow Energy

Legal name

Arrow Energy Pty Ltd

Website

https://arrowenergy.com.au

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Arrow Energy is a Queensland-based integrated coal seam gas producer and electricity generator, jointly owned by Shell and PetroChina. It produces natural gas from the Surat and Bowen basins under long-term enterprise contracts and supplies electricity via the Braemar 2 Power Station to the National Energy Market.

Ownership category

akta.pro rank

Product category

Natural Gas Exploration & Production

NAICS

Natural Gas Extraction (211130), Pipeline Transportation of Natural Gas (48621), Fossil Fuel Electric Power Generation (221112)

SIC

Crude Petroleum & Natural Gas (1311), Natural Gas Transmisison & Distribution (4923), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Coalbed Methane (CBM) / Coal Seam Gas (CSG) (EUAAAAAD)

akta.pro secondary industries

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI), Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ), Gas Mains (Distribution Pipelines) (EUAJABAA)

Keywords

• Coal seam gas production
• Natural gas exploration
• Gas-fired electricity generation
• Upstream energy operations
• Power station operations

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Natural Gas Production & Sales: Arrow Energy extracts natural gas (coal bed methane) from wells in the Surat and Bowen basins. Produced gas is sold under long-term gas sales agreements to customers including power stations and industrial buyers, with gas delivered into the East Coast market pipeline network. The Surat Gas Project is a 27-year project expected to produce 4,000 petajoules of natural gas over its life.
2. Electricity Generation & Sales: Arrow owns and operates the Braemar 2 Power Station near Dalby, a gas-fired power station contributing electricity to the National Energy Market (NEM). The station can generate 4–5% of Queensland's electricity during peak demand, enough for more than 200,000 homes.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels9 records

Core offering

Arrow Energy explores, develops, produces, and sells coal seam gas (CSG) from the Surat Basin and Bowen Basin in Queensland, Australia, and generates electricity at its owned and operated gas-fired Braemar 2 Power Station for sale into Australia's National Energy Market. The flagship Surat Gas Project is a 27-year development targeting a portfolio of around 2,500 gas wells that will deliver up to 700 terajoules of gas per day once fully operational, supplying long-term contracted enterprise buyers and supporting Queensland's electricity generation.

Product overview

Arrow Energy is a Queensland-based natural gas and electricity producer operating as a joint venture between Shell and PetroChina. The company's portfolio consists of three core products: the Surat Gas Project (a multi-phase, 27-year development comprising SGP South ~2,000 wells in Dalby/Kogan and SGP North ~450 wells near Miles), the Bowen Gas Project (exploration in Bowen Basin), and the Braemar 2 Power Station (gas-fired electricity generation supplying Queensland's National Energy Market). Supporting infrastructure includes a beneficial water network that treats and returns CSG water to agricultural landholders. The company delivers up to 700 terajoules of gas daily and has agreements with over 350 farming families across its Surat operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Surat Gas Project (SGP) Arrow Energy's flagship 27-year coal seam gas (CSG) development in the Surat Basin in Queensland's Darling Downs. The development portfolio comprises around 2,500 gas wells across two sub-projects (SGP South in Dalby/Kogan targeting around 2,000 wells, and SGP North near Miles targeting up to 450 wells over two stages) and is expected to deliver up to 700 terajoules of gas per day and 4,000 petajoules of total production over the project lifetime. Gas is sold under long-term contracts to enterprise buyers including Shell's Queensland Gas Corporation under the 27-year Gas Sales Agreement (Walloons).
• Bowen Gas Project Exploration and production project in the Bowen Basin with over 20 years of operating experience and approvals secured in 2014 under the Queensland Environmental Impact Statement and Australian Government EPBC 2012/6377. It currently supplies the North Queensland gas market from operating wells north of Moranbah and is described as one of Australia's largest remaining undeveloped natural gas resources, with exploration activities planned north and south of Moranbah from late 2024.
• Braemar 2 Power Station Gas-fired power station located approximately 40 km north-west of Dalby, Queensland, owned and operated by Arrow Energy. The station generates electricity that contributes to Australia's National Electricity Market, with capacity to generate 4–5% of Queensland's electricity during peak demand — enough electricity for more than 200,000 homes. It is Arrow's principal electricity generation asset and the dispatch point for Arrow's NEM participation.
• Beneficial Water Network A water delivery infrastructure program (Condamine Alluvium Substitution Scheme) treating CSG-produced water to quality standards and delivering it via pipeline to Western Downs landholders who exchange their alluvium water licence allocations. Once completed, the network will return up to 7,000 megalitres of treated water per year (equivalent to 2,800 Olympic-sized swimming pools) to participating farmers, providing consistent irrigation water supply while supporting environmental management of the Condamine Alluvium aquifer.

Quantifiable outcome

• Produced enough energy to power more than 1.3 million homes per day as of 2023
• +7 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, minor and flagship.

• AggrekocoreStrategic or Co-development Partner · 25 February 2026Global energy solutions provider Aggreko is developing, owning, and operating the SGP North hybrid power station under a 20-year agreement with Arrow Energy. The facility combines gas-fired thermal (33.75 MVA), solar (17 MWp), and battery storage (8.4 MVA/16 MWh) to supply electricity to Arrow's SGP North Field Compression Station. Aggreko is responsible for construction (creating up to 90 local jobs) and long-term operation of the facility.
• Silver City DrillingcoreStrategic or Co-development Partner · 20 January 2025Arrow Energy awarded a multi-million-dollar (reported as $100 million) drilling contract to independently owned Australian company Silver City Drilling to deliver drilling services for the Surat Gas Project in the Darling Downs region. This is a major services partnership supporting the ongoing development of SGP South and SGP North.
• Brisbane BroncosminorGTM or Marketing Partner · 21 November 2024Arrow Energy partnered with the Brisbane Broncos NRL team for a schools tour across the Darling Downs, promoting active, healthy lifestyles among local school children. The partnership combines sports engagement with community health messaging.
• Heart of AustraliaflagshipStrategic or Co-development Partner · 1 January 2014Arrow Energy has been a foundation partner of Heart of Australia since 2014 (now into its second decade). Heart of Australia brings potentially lifesaving mobile medical clinics (clinics-on-wheels) to rural and remote Queensland communities, including Aboriginal and Torres Strait Islander communities within Arrow's project footprint. Arrow's partnership supports healthcare access for patients in the Surat Basin region.
• Queensland Resources Council (QRC)coreStrategic or Co-development PartnerArrow Energy is a full member of the Queensland Resources Council, the peak body representing Queensland's minerals and energy developers. Through QRC, Arrow participates in the Queensland Minerals & Energy Academy (QMEA), which connects rural and remote students with educational pathways into the resources sector.
• Toowoomba and Surat Basin Enterprise (TSBE)coreGTM or Marketing PartnerArrow is an active member of TSBE, which represents the Toowoomba and Surat Basin business community. TSBE delivers products and services to support business operations and provides business networking opportunities in Arrow's operating region. Arrow also works with TSBE to engage First Nations businesses and host networking events.
• Dalby Chamber of Commerce and IndustryminorGTM or Marketing PartnerArrow is a member of the Dalby Chamber of Commerce and Industry, a not-for-profit organization that promotes economic prosperity in the Dalby region through collaboration with business and industry groups.
• Chinchilla Community, Commerce and Industry (CCCI)minorGTM or Marketing PartnerArrow is a member of CCCI, which works to maintain and improve the liveability and prosperity of Chinchilla, where Arrow holds significant regional operations.
• Miles District Commerce and CommunityminorGTM or Marketing PartnerArrow is a member of Miles District Commerce and Community, which facilitates community and business interests for Miles and surrounding districts where SGP North is being developed.
• Wandoan Community Commerce and Industry Inc.minorGTM or Marketing PartnerArrow is a member of Wandoan Community Commerce and Industry Inc., a community-based group advocating for the economic and community development of Wandoan and surrounding districts in Arrow's project area.
• Supply NationcoreStrategic or Co-development PartnerArrow is a member of Supply Nation, which connects Indigenous businesses with procurement departments of government agencies and corporate Australia. Arrow uses Supply Nation to improve access to First Nations suppliers and contractors as part of its RAP commitments.
• Safer TogethercoreStrategic or Co-development PartnerArrow is a member of Safer Together, a not-for-profit, member-led organization of oil and gas operating and contract partner companies committed to building a strong and consistent safety culture in the industry through leadership and collaboration.

Scale indicators23 records

Recent moves11 records

Emerging players

• Comet Ridge: ASX-listed CSG-focused explorer with acreage in the Bowen Basin (Mahalo, Mahalo North, Albany). Directly comparable as a CSG operator in the same basin as Arrow's Bowen Gas Project, though at a much earlier development stage.
• Strike Energy: ASX-listed Australian gas developer focused on the Perth Basin (Waitsia) and Surat Basin. Comparable as an Australian onshore gas producer with Surat Basin exposure, though its flagship asset is in a different basin.
• Empire Energy Group: Australian-listed upstream focused on unconventional gas, including CSG in the Beetaloo/McArthur and Roma projects. Comparable as an Australian gas producer; differs in geography and stage but pursues analogous unconventional gas development.

Broad incumbents

• Origin Energy: Integrated Australian energy company with major CSG exposure via APLNG (25% stake pre-APLNG reorganisation), electricity generation and retail. Comparable on CSG production, East Coast gas marketing and power generation.
• APA Group: Australia's largest natural gas infrastructure business, owning and operating gas transmission and distribution pipelines. Comparable as a natural gas pipeline operator and gas infrastructure platform alongside Arrow's 150+ km of SGP North pipeline.
• AGL Energy: Major Australian integrated electricity generator and gas retailer with generation assets in Queensland. Comparable as a gas-fired power operator and NEM participant, with similar energy-transition exposure to Arrow's Braemar 2 Power Station.
• Shell (QGC / Queensland Gas Corporation): Shell's Australian CSG business and Arrow's largest offtake counterparty (27-year GSA). Operates QGC tenements in the Surat and produces CSG-to-LNG; comparable activity in the same basin, even though Arrow is also a Shell/PetroChina JV.

Direct peers

• Senex Energy: Pure-play Australian CSG producer focused on the Surat and Bowen basins supplying East Coast gas markets. Comparable acreage, product (CSG) and customers, although smaller-scale than Arrow.
• Santos: Major Australian upstream operator producing CSG-to-LNG via GLNG in the Surat and Bowen basins. Closest like-for-like peer, also a Shell/legacy CSG operator in the same basins as Arrow, with a comparable exploration-to-production footprint.

Others

• Incitec Pivot (Dyno Nobel) / EnergyAustralia: EnergyAustralia is a major Australian gas-fired generator and electricity retailer active in the NEM, comparable as a downstream customer of East Coast gas and an NEM counterparty to Arrow's Braemar 2 output.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arrow Energy