Company
ASX:BRK
Brookside Energy Ltd (ASX:BRK) is focused on the oil and gas sector in the mid-continent region of the United States.
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The company has begun all-weather pad and access road construction for the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well, the first well to be developed as part of a phase two development drilling program.
“The opportunity to use our knowledge of this area to prospect for and ultimately develop by-passed or overlooked productive reservoirs using low-cost vertical drilling adds another great string to our bow,” said Executive GM Commercial Gra
The Bradbury Area of Interest is east-northeast of the company’s highly successful SWISH AOI where three development wells have been completed.
The well, which is expected to spud in early November, will target the Sycamore formation and follows the successful completion of a Held By Production program involving three development wells.
Although the Flames Well is still in the very early part of the flow-back and stimulation fluid recovery process, the rate of oil and rich gas production has already allowed it to begin commercial production and sales.
The company’s second of three wells in the SWISH AOI in Oklahoma is averaging 1,200 BOE per day average monthly stable production.
“We now find ourselves at the centre of a play that is developing very rapidly and delivering outstanding results in terms of production and sales at a time when commodity prices are at decade highs," MD David Prentice said.
“Our team in Oklahoma continues to deliver first-class results, highlighting that our small but very experienced team can bring these big wells online efficiently and maximise the potential of the oil and gas resource contained within our w
Circulation of drilling fluids to clean up and remove any remaining debris from the milling of the isolation plugs and stimulation process has been completed successfully.
The company has finished rigging up of the snubbing unit and successfully milled out the isolation plugs used for each stimulation stage on schedule, safely and without incident.
With the multi-stage stimulation under its belt, Brookside says it’s time for clean up operations at the Flames well.
“Combined with our Jewell Well and, the soon to be on production Flames Well, Brookside’s prospects have never looked better with growing revenue and production combined with a strong pricing environment,” said MD David Prentice.
“The team is extremely excited to see the potential of the Woodford Shale realised within this DSU, given the strong results to date from offsetting wells, including the Courbet Well, which is just three miles south of the Flames DSU,” says
PSC has begun mobilising its equipment and operating crew with operations expected to commence shortly.
Work is underway to construct and install surface production facilities for completion operations and subsequent production.
Already, the asset has generated around US$2.4 million in income as West Texas Intermediate pricing exceeds US$100 a barrel.
Subsidiary Black Mesa Energy, LLC has executed a Master Services Agreement with Oklahoma-based Producers Service Corp (PSC), a leading private North American oilfield services company.
“This is the last well in our HBP program, with the establishment of production in the Flames Well marking the culmination of a plan to build an operated position in the core of southern SCOOP that was first conceived in early 2018,” says M
“We now have our second high-impact well in SWISH online and delivering production into record-high prices,” says MD.
Back in March, Brookside officially spudded the Flames well — its third high-impact target within the SWISH AOI, a key exploration portfolio in the Anadarko Basin.
