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Highlights:
- Bruins Well Progress: Drilling preparations are underway for the Bruins Well, a key step in Brookside Energy Ltd’s 2025 drilling program in the Anadarko Basin.
- Increased Interest: Brookside Energy expects to secure a ~70% working interest in the Bruins Well, pending final regulatory filings.
- Operational Milestone: The 10,000-foot lateral well targets the Woodford Shale, with estimated gross capex of ~US$11 million and expected production exceeding 1 million BOE over its lifespan.
Brookside Energy Moves Forward with Bruins Well in SWISH Play
Brookside Energy Ltd (ASX:BRK) is advancing its strategic development in the Anadarko Basin, Oklahoma, with drilling preparations underway for the Bruins Well within the SWISH Play acreage. This well marks the first of three planned in the 2025 drilling program and is designed as a 10,000-foot lateral well targeting the Woodford Shale formation.
With pre-spud activities completed, including site selection, surface agreements, and regulatory approvals, an all-weather drilling pad is under construction. The well is anticipated to spud before the end of February, marking a significant milestone in Brookside Energy’s expansion within the region.
Proven Potential in SWISH Play
The SWISH Play has demonstrated strong production metrics, with cumulative output reaching 2.5 million barrels of oil equivalent (BOE) as of December 31, 2024. Given the established success in the region, Bruins Well is positioned to replicate these results, contributing to Brookside Energy’s broader operational strategy.
Brookside Energy anticipates increasing its working interest in the Bruins Well to approximately 70%, subject to regulatory approvals and final agreements. This move aligns with the company’s commitment to maximizing operational control and optimizing its financial exposure in high-performing assets.
Strategic Drilling Program and Future Outlook
Brookside Energy has secured a drilling contract with Kenai Drilling, a company with a strong operational history, including the successful completion of Brookside's recent four-well Full Field Development Program (FMDP). The gross capital expenditure for the Bruins Well is estimated at ~US$11 million, with projected lifetime production exceeding 1 million BOE. Initial production estimates indicate approximately 640,000 BOE within the first five years, with 53% attributed to liquid hydrocarbons.
With drilling set to commence before the end of February, Brookside Energy is poised to further solidify its footprint in the Anadarko Basin. The Bruins Well represents another step in the company’s long-term strategy to enhance production efficiency and expand its asset portfolio within one of the most prolific hydrocarbon plays in the United States.
