Brookside Energy Ltd (ASX:BRK)’s Wolf Pack Well has reached a peak rate (IP24) of 2,034 BOE (barrels of oil equivalent) per day (88% liquids, 12% gas), resulting in the company’s highest IP24 rate to date.
The Wolf Pack Well (Wolf Pack 36-25-1S-4W SXH 2 Well) is Brookside’s first Phase Two development well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin.
The well has continued its superior performance, generating an IP30 rate of 1,869 BOE per day (88% liquids, 12% gas), a record rate for a Brookside operated well. The IP30 rate covered a combination of production rate growth followed by steady production.
Location map showing the location of the Wolf Pack Well and Brookside’s four operated SWISH AOI DSUs.
Potential high rates of return
Brookside managing director David Prentice couldn’t be happier with the results.
“This is clearly a wonderful outcome for the company and the rates and volumes produced to date speak for themselves,” Prentice said.
“Once again, our SWISH AOI acreage has demonstrated its standing among the best rock in the Anadarko Basin, capable of delivering the very high rates of return and fast pay backs that make this the most highly sought after area in the basin.
“These results provide us with another important data point in terms of next steps for the monetisation of our recently announced 11.9 million BOE 2P Reserve and the twenty-odd well inventory of high-quality, low-risk proved undeveloped locations.”
Since the date of first production the well has produced in excess of 140,000 BOE, made of up 101,362 barrels of oil, around 21,500 barrels of NGLs (natural gas liquids) and around 111,500 Mcf (thousand cubic feet) of gas.
At current pricing these gross volumes deliver more than US$7.9 million (A$11.6 million) in revenue.
About Wolf Pack
The Wolf Pack Well is a Black Mesa Energy, LLC (a controlled subsidiary of Brookside) operated well that was drilled by Latshaw Rig 12 in Stephens County, Oklahoma.
The well was drilled as a mid-length horizontal well targeting the Sycamore Formation at an average depth of some 9,750 feet. The well was drilled to a total measured depth of around 17,260 feet, with roughly 7,500 feet of lateral section drilled in the Sycamore that was cased with production tubing, perforated, and treated to allow production of oil and rich gas.
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