AUS
NZ
UK
CA
USA
IND
Highlights
- Brookside Energy reports strong initial production from its Flames Maroons wells.
- The wells have generated US$4.3 million in revenue and produced 80,000 barrels of oil equivalent (BOE).
- Daily production is currently around 3,900 BOE per day.
Brookside Energy Ltd (ASX:BRK) has announced a promising start to production at its Flames Maroons Development Plan (FMDP) wells, located within the SWISH Project in the Anadarko Basin, Oklahoma. The four wells, which began flowback and testing last month, have collectively produced around 80,000 barrels of oil equivalent (BOE), generating approximately US$4.3 million in revenue. Impressively, 87% of the total production consists of valuable liquids, including oil, which bodes well for future operations. This strong performance highlights the potential of the ASX energy stock driving the project.
The company has reported that the current daily production rate from these wells stands at about 3,900 BOE per day, while less than 6% of the stimulation fluid has been recovered, indicating that there is still significant potential for further production. Brookside is particularly encouraged by the early performance of the Woodford Shale and Sycamore formations, two highly productive geological layers within the Anadarko Basin known for their ability to yield substantial oil and gas resources.
Brookside also highlighted the continued positive performance of its Sanford Pad wells, which are situated nearby. These wells have targeted the Woodford Shale, with 75% of the total lateral length completed in this formation. While the Woodford Shale typically requires more time to ramp up production compared to the Sycamore Limestone, initial indicators suggest solid potential for long-term output. The company's approach to completing these wells has focused on maximizing the productive capacity of the formations, which should contribute to sustainable and robust production in the future.
The strong early results from the Flames Maroons wells provide a positive outlook for Brookside Energy’s operations in Oklahoma. The Anadarko Basin is known for its rich reserves of hydrocarbons, and Brookside’s strategic focus on the development of this region through the SWISH Project positions the company well for continued growth. The revenue generated thus far and the high proportion of liquids produced suggest that Brookside’s investments in the region are paying off, with more potential production on the horizon as recovery of stimulation fluids progresses and wells continue to perform.
Brookside Energy’s robust start at the Flames Maroons wells underscores the potential of the SWISH Project, with the combination of high liquid yields and strong geological formations pointing to sustained future production. As the company continues to develop its operations in the Anadarko Basin, further production growth is anticipated, driven by strategic management and efficient well completions.
