Brookside Energy begins flow-back operations at Rangers Well in Anadarko Basin
“We are delighted to see oil and gas observed in the temporary facilities at such an early stage in the completion fluid recovery phase,” says MD Dave Prentice.
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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“We are delighted to see oil and gas observed in the temporary facilities at such an early stage in the completion fluid recovery phase,” says MD Dave Prentice.
The well will be drilled to a projected total measured depth of ~18,300 feet, with ~10,000 feet of lateral section drilled in the Woodford that will subsequently be cased with production tubing.
In line with expectations, during operations to circulate the drilling fluid at the well in the SWISH Area of Interest, oil and gas were recovered to surface.
“Pay-out of the Jewell Well and the imminent delivery of production from our Rangers and Flames wells provides a very strong launching pad that will enable us to unlock value in our large inventory of low-risk high-impact proved undeveloped
Now, it’s on to the final stage of completion operations at Rangers, which Brookside expects to close out in the coming weeks.
Drilling operations at the well — the third in a trifecta of exploration prospects in a held-by-production program in the SWISH Area of Interest — are proceeding on schedule, safely and without incident.
“It is very pleasing to see the Cudd Energy Services people working closely with our Black Mesa team and consultants to complete our high-impact Rangers Well for production,” says MD.
With spudding now complete, the energy stock is preparing to drill the third in a trifecta of wells in its held-by-production program.
“All of the surface production facilities are in place, and we look forward to providing further updates as the completion process is concluded and flow back commences,” says MD David Prentice.
Flames is the last in a trifecta of wells targeted in a held-by-production drill campaign at Anadarko, with both the Jewell and Rangers assets spudded in recent months.
Works have also commenced to connect the high-impact Rangers Well to a nearby gas sales line in preparation for completion operations and subsequent production.
Cudd Energy Services (CES) will supply and operate the equipment and personnel for the completion of the Rangers Well under the supervision of the Black Mesa team.
It will be the third well in Brookside’s ‘core of the core’ holding in the Anadarko Basin and follows the high-impact Jewell and Rangers wells.
Citation Oil and Gas Corporation, Continental Resources Inc. and Exxon Mobil Corporation subsidiary XTO Energy, Inc will be Working Interest (WI) participants.
Subsidiary Black Mesa Energy has started site work in preparation for arrival of well stimulation equipment, the start of completion operations and subsequent production.
Drilling has been completed safely and without incident and the well bore is now being conditioned in preparation for casing.
The company has started drilling of the horizontal (lateral) section within the Sycamore formation, with extensive oil and gas shows observed in mud logging.
Brookside has set and cemented the surface casing for the Rangers Well and is now focused on drilling the vertical extent of the bore before striking out laterally toward the Sycamore Formation, which it believes holds oil and rich gas depo
Rangers is the company’s second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin of Oklahoma, USA.
Rangers will be the company’s second well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin of Oklahoma and is expected to spud next week.
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.
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.
The halt will remain in place until the start of trading on February 10 or until an announcement is released.
The Thelma Well was successfully brought online in early January, with an initial production rate of 130 barrels of oil per day and daily production expected to stabilise at a long-term optimal volume of about 30 barrels of oil per day.
With the improved outlook for pricing gathering momentum during the quarter, the company began to increase its focus on its acreage in the southern part of the SCOOP Play, and the company’s operated high-grade DSU’s within the SWISH AOI dur
The company has extended the Jewell well for no additional cost with the pooling of 80 acres associated with the Mitchell Well.
Capitalising on the success of the Thelma Well, the joint venture has acquired an additional 40 'held by production' acres contiguous to the Thelma acreage
The first load of oil (169 barrels) from the Mitchell Well was sold on 2 December 2020 with provides cashflow as the Jewell Well development progresses.
The third successful acquisition for the joint venture has expanded its footprint into a newly identified AOI in the SCOOP Play outside of the SWISH AOI.
The company has oil and gas plays in the United States, specifically in the Anadarko Basin in Oklahoma, a proven tie- one oil and gas development province.
The initial prospective resource was confirmed by the company’s US-controlled subsidiary and manager of operations, Black Mesa Energy LLC, and demonstrates the potential of this highly sought-after area.
The WA-based investor has accumulated almost 97 million shares for a 7.18% stake in the company which has interests in Oklahoma’s prolific Anadarko Basin.
The company has agreed to collaborate with experienced leading national accounting and business advisory firm Hall Chadwick to launch this well-bore funding initiative.
Around 75% of the non-operated wells that have paid out to date did so in 12-months, with an average time to payout of 16-months.
The joint venture has successfully closed its third producing property acquisition opportunity, the Thelma Well, in its first four months of operation.
The company has completed a $300,000 option offer fully subscribed after a successful entitlement offer.
The refurbished pumping unit is now moving fluid that has gathered in the formation while the well has been shut-in.
Brookside and partner Stonehorse Energy have successfully completed workover operations at the recently acquired Mitchell 12-1 well.
The Orion joint venture was formed in mid-June 2020 to target mature long-life production assets with very low terminal decline and upside that can be unlocked from remedial workover activity.
The second well acquired by the Orion JV, Mitchell 12-1, is in Brookside’s Jewell drilling spacing unit within SWISH AOI in the southern part of the SCOOP Play in Oklahoma's prolific Anadarko Basin.
The company is continuing to grow its business in the US and intends to take advantage of the opportunities coming from this period in the cycle for oil & gas companies.
The JV is targeting producing properties and associated Held by Production acreage predominantly within the company's existing area of focus in the SCOOP Play.
The company remains focused on strengthening its position in the SWISH AOI in Oklahoma and broadening its portfolio with attractive opportunities.
These initiatives are focused on strengthening the company’s balance sheet as activity ramps up in the Orion Project Joint Venture in Oklahoma, USA.
The combination of improved production, cash flow and increased reserves within one of the existing drilling spacing units (DSUs) is compelling.
The Orion Project offers significant scalability, with the initial focus area extending over 1,100 square kilometres in the Anadarko Basin, covering several historic and currently producing oil and gas fields and many hundreds of vertical w
Brookside is adapting to changed business conditions and positioning itself to take advantage of any growth opportunities that emerge due to the economic impact of COVID-19.
The company is focused on developing and monetising its oil & gas assets in the world-class Anadarko Basin in Oklahoma.
Brookside has been able to secure a strategic holding in this area early in the cycle and at a modest cost, when acreage values had not yet begun to move higher.
The company aims to scale up its holdings in the Anadarko Basin, USA, a jurisdiction well known for its oil and natural gas production.
Richard Homsany has been appointed as a non-executive director, replacing Loren King who remains as company secretary.
Brookside and its experienced US partner Black Mesa Energy add value to their US oil and gas portfolio through exploration.
Three new wells have come on-line delivering average initial production rates of almost 2,000 barrels of oil equivalent per day.
The well’s productivity to date has been remarkable, delivering significant cashflow to the business.
The Leon well of Continental Resources adds to the building inventory of initial production rates coming from the Sycamore formation.
The Anadarko Basin is a proven tier-one oil and gas development province with significant existing oil and gas gathering and transportation infrastructure, a competitive and highly experienced oil and gas service sector and a favourable reg
The outcome of Brookside’s recent activities highlights the flexibility and choices that its ‘real estate development’ approach brings to the business.
This result adds to the number of very strong results that have been reported recently from the current generation of horizontal Sycamore wells in the SWISH AOI.
This transaction is another example of Brookside’s successful business model working in practice - acquire, upgrade, re-value and then sell.
Results from two wells targeting the Sycamore formation confirm the prolific nature of this under-developed reservoir.
Brookside and its experienced US partner Black Mesa Energy add value to their portfolio through exploration.
Jewell will be the first well to be drilled by Brookside within one of several operated drilling spacing units that the company will control within the SWISH AOI.