Brookside Energy Ltd (ASX:BRK) has notched up further success in the world-class Anadarko Basin oil and gas producing region of Oklahoma with the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well performing above expectations.
Wolf Pack, the company’s first development well and part of its Phase Two development drilling in the SWISH Area of Interest (AOI), has produced more than 40,000 barrels of oil equivalent (BOE) in just 30 days of early flow back with 80% oil plus gas and natural gas liquids.
Significant revenue
In terms of revenue, Wolf Pack has already generated a significant amount of approximately US$2.5 million based on WTI at US$70/BBL and gas at US$2.5/MCF.
Managing director David Prentice said: “These are extraordinary early results for our first development well and we are delighted to report these very strong production and sales numbers for the Wolf Pack Well.
“The productivity of this well further cements our SWISH AOI acreage as world-class and underscores the very significant value that we have now built in the large inventory of low-risk high-return proved undeveloped locations within our acreage position that are available to monetise.”
Strong daily production
Daily production rates of the well have already exceeded 1,500 BOEPD and continue to increase with about 24% of the stimulation fluid recovered.
Location of the Wolf Pack Well and Brookside’s four operated SWISH AOI DSUs.
Sales of oil and gas will continue from Wolf Pack as flow-back operations continue and Brookside will report an IP24 (peak rate), IP30 and IP90 rates as these are achieved.
About Wolf Pack
Wolf Pack Well is operated by Black Mesa Energy, LLC, a controlled subsidiary of Brookside.
It was drilled by Latshaw Rig 12 in Stephens County, Oklahoma, as a mid-length horizontal well targeting the Sycamore Formation at an average depth of ~9,750 feet.
The well was drilled to a total measured depth of ~17,260 feet, with ~7,500 feet of lateral section drilled in the Sycamore that was cased with production tubing and perforated and treated to allow production of oil and rich gas.