Stories from Mooney · Australia

A farmer at Mooney on the western downs has identified oil deposits described as richer than crude oil currently imported by Australia. A oil deposit has been identified in Mooney, Queensland, utilizing the Mooney to Brisbane Pipeline built in 1964. The discovery has caused volatility on stock exchanges due to the potential scale of the resource. Former field superintendent Lester Carlson, who worked the fields for 18 years, noted the area's potential. The site is being compared in scale to the oil fields of Texas. Field superintendent Lester Carlson reported discovering oil in a cleared scrub area in Queensland. Historical production at the site reached approximately 1,600 barrels per day using gas lift wells. Increased water pressure from water drive mechanisms previously caused production to decline. Extraction now requires pumping large volumes of water to recover the oil.