Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Brookside Energy Ltd.
Brookside is progressing with its strategic expansion in the Anadarko Basin, Oklahoma, with drilling preparations for the Bruins Well in the SWISH Play acreage unmderway.
The Bruins Well, which is expected to spud by the end of this month, will be the first of three planned wells in the company’s 2025 drilling program and will feature a 10,000-foot lateral well targeting the Woodford Shale formation.
Pre-spud activities, including site selection, regulatory approvals and surface agreements, have been completed, and an all-weather drilling pad is under construction.
Brookside anticipates increasing its working interest in the Bruins Well to approximately 70%, subject to final regulatory approvals.
As of December 31, 2024, SWISH Play wells had produced a total of 2.5 million barrels of oil equivalent (BOE).
The Bruins Well is projected to produce more than 1 million BOE in its lifetime, with approximately 640,000 BOE (~53% liquids) expected in the first five years. Estimated gross capital expenditure for the well is around US$11 million.
Brookside views the Bruins Well as a key milestone in its drilling program and aims to maximise production outcomes, create value for shareholders and further expand its operations in the Anadarko Basin.