The ASX-listed energy stock has successfully drilled its pioneer Jewell Well — the first Brookside-operated well to be drilled and completed within the AOI’s broader Jewell drill spacing unit (DSU).
With production casing run and surface facilities complete, Brookside’s Jewell Well is set for production.
This means Brookside has turned its attention to the Rangers DSU, where the namesake Rangers Well is poised to become the second well drilled in the company’s broader five-year, 20-plus development well inventory.
Looking ahead, Brookside intends to commission the Jewell Well’s surface production facilities and finalise the construction of a gas sales pipeline as it settles on the final design for the Rangers Well location.
Maintaining strong momentum
Brookside managing director David Prentice said: “We continue to maintain very strong momentum across the business, with the Black Mesa team keenly focused on delivering the next phase in unlocking the considerable value in our acreage position with the imminent completion of the Jewell Well and establishment of oil and gas sales from this company making well.
“The team is also working hard to push forward the development of the next exciting well in this initial phase of development – the Rangers Well – and we are looking forward to maintaining this level of activity through the balance of 2021 and beyond and to delivering the production from these wells into a very strong pricing environment.”
Present operations and future activity
Brookside's Jewell Well is set to be completed for production, with work on a 2,700-foot, 6-inch gas pipeline, connecting the Jewell Well to a DCP gas sales line, progressing on schedule.
Meanwhile, pre-spud activities and planning for the initial well in the Rangers DSU, which is about 5 miles west of the Jewell Well, are also progressing as planned.
To date, the proposed Rangers well pad location has been surveyed ahead of earthworks activity, designed to construct the well pad.
Moving forward, Brookside intends to commission Jewell’s surface production facilities as it moves in and rigs up completion equipment to kick off the Jewell Well’s completion operations.
In the meantime, the energy company will settle on a final design for the Rangers Well location and prepare for earthworks to begin.
Developing 'core of the core' position
Work across the SWISH AOI forms part of Brookside’s vision to develop its 'core of the core' acreage position in Oklahoma’s SWISH AOI.
To unlock the oil & gas asset’s potential, the ASX-listed energy company has crafted a five-year, 20-plus well inventory strategy, centred on its three operated development areas.
Ultimately, the Jewell, Flames and Rangers DSUs will be explored and drilled to develop a conservatively estimated 11.606 million net barrels of oil equivalent (BOE) prospective resource.
Initial wells drilled in the SWISH AOI will target one of two primary producing formations in the SWISH AOI: the Sycamore formation.
Promisingly, the Sycamore formation continues to deliver outstanding sustained productivity in nearby offsetting wells.
To date, a Casillas Operating, LLC-operated well, around three miles west of the Jewell DSU, has produced around 580,000 BOE over 19 months — considerably higher than Brookside’s conservative estimate for the Jewell Well.
Future wells will also target the Woodford formation, which, just like the Sycamore formation, continues to deliver sustained productivity in nearby offsetting wells.
The Continental Resources Inc-operated Courbet well, around one mile southwest of the Jewell DSU, has produced roughly 430,000 BOE in approximately 14 months.
Interestingly, the production rate of the Courbet well is considerably higher than BRK’s conservative estimate for the Jewell Well.