HITE Hedge Asset Management increased its ownership in Tamboran Resources Corporation to 8.27%. The firm disclosed the position in a Schedule 13G filing on August 13, 2026.
HITE now holds 2,881,804 shares in the company. This position reflects an increase of approximately 805,000 shares since the first quarter. The firm's total stake grew by 39% during the period.
The purchase occurred as Tamboran advanced its Shenandoah South project toward a stimulation campaign. The project is currently approaching its initial gas production phase.
The investment by the specialist fund signals confidence in the company's commercial milestones. Liberty Energy, the stimulation contractor, also maintains equity exposure in the company.