The company’s ongoing successful leasing, trading and high-grading activities have now delivered three Drilling Spacing Units (DSU’s) (Jewell, Rangers and Flames) in the core of the SWISH AOI.
Brookside managing director David Prentice said: “The addition of the Rangers and Flames DSU’s to the portfolio, alongside the Jewell unit, is a further material advancement of our strategy for unlocking value in the SWISH AOI in southern SCOOP.
“To put this in context, these three DSU’s combined are more than six-times the size of the acreage position we secured in our very successful pilot study in the STACK Play, 100-miles north along the Anadarko Basin margin.
The Rangers, Flames and Jewell DSU’s are all located in the core of the Sycamore-Woodford sub-play in southern SCOOP.
Notably, the Sycamore-Woodford sub-play has gone from a concept to ‘proof of concept' in a very short time.
Brookside, through the good work and diligence of its partner and manager of US operations, Black Mesa Energy, LLC 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.
Initial production results exceed expectations
Prentice added: “Initial production results from the Sycamore and Woodford formations in this area continue to exceed our internal pre-drill expectations and while it’s early days, this area looks to have the potential to be more productive than the core areas of the STACK Play.
“The Sycamore-Woodford sub-play in southern SCOOP continues to progress rapidly with drilling and completion activity in this area now accounting for 10% of the rig count in the Anadarko Basin.
“Several of the tier-one operators are active both in terms of M&A as well as drilling and completion activity.
“This is very exciting to see and augurs well for per-acre values as the area continues to mature.”