Brookside Energy continues Rangers Well preparations with rig mobilisation imminent
Mobilising of the Kenai Rig 18 at Rangers Well is slated to begin on December 6 with an estimated spud date in the week commencing December 13, 2021.
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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Mobilising of the Kenai Rig 18 at Rangers Well is slated to begin on December 6 with an estimated spud date in the week commencing December 13, 2021.
The energy stock has secured a permit to drill from the Oklahoma Corporation Commission, meaning it’s on track to add a second well to its SWISH Area of Interest portfolio.
“We are getting very close to spudding our second well, the Rangers Well, hot off the back of the ongoing significant success of the Jewell Well," says MD.
“The ongoing strong production and resulting high revenue from the Jewell Well will serve as a strong base for our 2022 SWISH development plans, which are currently being finalised,” said MD David Prentice.
“It is great to be breaking ground on our next well in SWISH, fresh off the operational success and wonderful results we are seeing from production from our Jewell Well, which is located just five miles to the east," says MD.
“The Jewell Well continues its stellar performance exceeding all our expectations. We could not be happier with its performance and are busy preparing for the spud of our second well,” says MD.
Production from the Jewell well in the Anadarko Basin continues to track well above the company’s pre-drill estimates.
The early-stage production rates are considered a good sign of things to come as Jewell accelerates towards its peak, 30-day and 90-day initial production milestones.
The oil and gas explorer has just hit commercial production in the prolific Anadarko Basin. But what happened in the six months that led up to this milestone?
“Today marks a major milestone in the early life of our company with our first operated horizontal oil and gas well in the SWISH AOI, successfully turned to sales just four months after the well was spudded,” says MD.
The company has embarked on a potential five-year, 20-plus well development drilling program across the three operated development areas/DSUs that it controls in the SWISH AOI of the Anadarko Basin in Oklahoma.
The company has embarked on a potential five-year, 20-plus well development drilling program across its three operated development areas/DSUs that it controls in the SWISH AOI of Anadarko Basin.
The energy stock is working to bring assets online within Oklahoma’s world-class Anadarko oil & gas basin, where work is underway to prepare the Rangers Well for drilling.
The company has embarked on a potential five-year, 20-plus well development drilling program across its three operated development areas in Oklahoma’s Anadarko Basin.
Liberty has completed the multi-stage hydraulic stimulation, with all stages completed as designed and the reservoir successfully stimulated in accordance with the completion plan, on schedule, safely and without incident.
The energy stock is a step closer to bringing the Jewell Well online — the first in a five-year, 20-plus well development program centred on Brookside’s three owned and operated drill spacing units within its SWISH Area of Interest in the A
Brookside has embarked on a potential five-year, 20-plus well development drilling program across its three operated development areas/DSUs - Jewell, Flames and Rangers.
The company plans to use proceeds from the placement to increase its position in the Rangers Drilling Spacing Unit and to fund a majority working interest in the development of the Rangers Well within the SWISH Area of Interest.
The company’s shares will remain in a trading halt until Friday, August 6, or when an announcement is released to the market.
With pre-completion work underway, the energy company is a step closer to bringing the Jewell Well into production — the first within its 'core of the core' holding in the world-class Anadarko Basin in Oklahoma.