Brookside Energy Ltd is taking the next step in its strategic growth strategy in a prolific hydrocarbon region of the Anadarko Basin, Oklahoma, with drilling preparations underway for the Bruins Well within the SWISH Play acreage.
Bruins, which is expected to spud before the end of this month, will be the first of three planned wells in Brookside's 2025 drilling program and will be a 10,000-foot lateral well.
Pre-spud activities, including pad selection, surface agreements and regulatory approvals, have been completed and the all-weather drilling pad is under construction.
Strong SWISH metrics
The company believes Bruins can replicate strong performance metrics delivered to date in the SWISH Play, which as of December 31, 2024, had achieved cumulative production of 2.5 million barrels of oil equivalent (BOE).
As a result of the diligence and hard work of the land team, Brookside expects to significantly increase its working interest in the Bruins Well to a substantial ~70%, subject to finalising various regulatory filings and processes.
Exciting milestone
Brookside’s managing director David Prentice said: "The start of operations on the Bruins pad is an exciting milestone in our 2025 drilling program.
“Building on our success in the SWISH Play, we are well-positioned with a larger interest in this well and a strong operational plan.
“Our focus remains on delivering the best possible production outcomes we can, creating real value for our shareholders, and expanding our footprint in the Anadarko Basin."
Drilling contract
Gross capex for the 10,000-foot lateral well that is targeting the Woodford Shale formation is estimated at ~US$11 million and the well is expected to produce more than 1 million BOE over its life, with around 640,000 BOE (~53% liquids) in the first five years.
Brookside has executed a drilling contract with Kenai Drilling, with drilling set to commence before the end of February.
Kenai has a proven track record with Brookside, having conducted drilling operations on the company’s recently completed successful FMDP four-well program.