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 new acreage extends Brookside’s possible exploration tenure within a world-class oil and gas asset, with production soon to commence at the SWISH AOI’s first Brookside-operated well.
The leading oilfields services company will supply the final equipment and personnel needed to bring the Jewell Well online, while providing critical experience in environmental, social and governance-conscious well completions.
The energy company has successfully drilled its first well within the Oklahoma-based Jewell drill spacing unit (DSU), with its attention now turning to another DSU in the Anadarko Basin oil & gas asset.
The company is retiring its Anadarko leasing facility by repaying the fund in full, a decision that will make Brookside debt-free and strengthen its cash position as it prepares for revenue from oil & gas sales.
ExxonMobil and Citation are two US majors who have taken up their working interest in Brookside’s Jewell drill spacing unit (DSU) within the SWISH AOI of Oklahoma’s Anadarko Basin.
As operators prepare to get production at Jewell Well underway, work has begun to establish production facilities and connect the well to a gas sales line.
Drilling operations continued in the horizontal section of the wellbore in the Sycamore formation, with extensive oil and gas shows, elevated gas readings and the identification of potential natural fracture systems.
Drilling operations are proceeding on schedule, safely and without incident with the well currently at a measured depth of approximately 10,600 feet.
During the last 36-hours, the liner was successfully set and cemented at the designed depth at the Jewell Well.
The well has been drilled in the vertical section to a depth of around 6,850 feet and operations to set and cement the intermediate casing have been successfully completed.
The listing supports the company’s strategy to expand its investor base, increasing its corporate profile and Europe and trading liquidity.
The Jewell Well will be the first company-operated well to be drilled and completed in the Jewell DSU in the SWISH AOI.
Mobilisation of Latshaw Rig 14 for Jewell 13-12-1S3W SXH1 well involves a fleet of about 20 semi-trailer trucks and will require around 50 loads, including 15 ‘oversized’ loads to be moved over public roads.
Ancillary and support equipment, including tanks for storage of water and drilling fluids, is being installed at the location along with trailers to house supervision personnel and equipment.
The company is preparing to kick off its much-anticipated SWISH AOI drilling campaign in the near term.
With a fleet of 41 rigs in the United States and decades of experience, Latshaw is the natural partner for Brookside as the company kicks off its much-anticipated SWISH AOI drilling campaign.
The construction of the all-weather multi-well pad and access road for the Jewell Well commenced on March 9, 2021, with the mobilisation of bulldozers, scrapers and excavators to site.
The acquisition of 11 producing wells and the associated PDP reserves in the STACK Play in the world-class Anadarko Basin, will deliver an almost four-fold uplift to net daily production.
Under the agreement, Stonehorse will fund its proportionate share - up to 50% of the available working interest - of all costs associated with drilling and completing the Jewell Well to earn its proportionate working interest share of the w
The Jewell Well is the first well in a potential five-year, 20-plus well development drilling program across the three operated Drilling Spacing Units (DSUs) the company controls in the SWISH AOI.
