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Highlights
- SWISH Project boosts production to over 5,000 BOE per day.
- New FMDP wells contribute to 178% rise in gross output.
- Four new wells achieve combined rate of 4,300 BOE/day.
Brookside Energy Ltd (ASX:BRK) has announced significant advancements in its SWISH Project in the Anadarko Basin, Oklahoma, marking a pivotal point for the company. The Flames Maroon Development Plan (FMDP), a multi-well drilling initiative, has significantly boosted the gross operated production of ASX energy stock Brookside, increasing output by 178% to over 5,000 barrels of oil equivalent (BOE) per day since the flowback and testing of new wells began.
In this latest phase, production soared from the September quarter’s average of approximately 1,807 BOE/day to a daily average exceeding 5,000 BOE. According to Brookside's managing director, David Prentice, these early results from the FMDP represent a substantial advancement for the company. Prentice commented on the achievement, noting that reaching this new level of production reflects the dedication and hard work of Brookside's team, and emphasized the importance of maintaining momentum to ensure steady and reliable production from the project.
The FMDP involves four newly-drilled wells: Fleury, Maroons, Iginla, and Rocket. Each targets the Sycamore and Woodford formations, recognized for their high productivity in the southern Anadarko Basin. These wells are undergoing optimization and steady cleanup, with around 10.6% of the stimulation fluid recovered during completion operations. Collectively, they have produced over 164,000 BOE (around 84% of which is in liquid form) during this initial phase of flowback, testing, and optimization. Currently, these wells are achieving a combined gross production rate of 4,300 BOE per day.
The FMDP is specifically designed to tap into the lucrative Sycamore Lime and Woodford Shale formations within the SCOOP region of the Anadarko Basin. Brookside strategically positioned three of the wells—Fleury, Maroons, and Iginla—on the Sanford Pad, while the fourth well, Rocket, was drilled from the Flames Well Pad. All four wells are now operational, with production flowing to sales, and the optimization program is ongoing to ensure maximum efficiency and output.
Brookside's recent accomplishments with the FMDP are set to enhance its presence in the Anadarko Basin, building on the success of the SWISH Project. This significant increase in production not only underscores Brookside's capabilities in managing large-scale oil projects but also highlights the potential of the FMDP wells to drive further production gains. The company’s focus on optimizing each well’s performance marks an essential step in supporting long-term production goals within this prolific region.
