The company is executing a Real Estate Development approach to acquiring prospective acreage in the Anadarko Basin and adding value to it by consolidating leases and proving up oil and gas reserves through exploration.
Brookside then has the option of selling the revalued acreage or maintaining a producing interest.
This model is commonly used by private equity investors in the sector and has been successfully piloted by Brookside in the northern Anadarko Basin’s STACK Play.
Experienced US partner
Brookside’s US partner and manager of operations, Black Mesa Energy, LLC is an experienced mid-continent operator.
Black Mesa identifies opportunities and executes development under a commercial agreement with Brookside.
Brookside is now set to scale-up its activities and asset base significantly with its operated interests in the SWISH AOI in the scoop play.
Brookside’s acreage is located in the Anadarko Basin, specifically in the STACK and SCOOP Plays
Proactive caught up with Brookside earlier this week for an update.