Standing to benefit from a working interest, Brookside Energy Ltd (ASX:BRK, OTC:RDFEF) is keeping an eye on progress by Continental Resources at the Gapstow Full Field Development (FFD) in the world-class Anadarko Basin of Oklahoma with the final well expected to reach total depth this week.
Gapstow FFD is in the SWISH Area of Interest (AOI) in the core of the southern SCOOP Play on acreage to the south of and contiguous with Brookside’s Bruins and Jewell DSUs and the company is participating as a non-operator in seven of the nine Continental FFD wells.
Working interest
Two of these wells are targeting the Sycamore Lime formation and five targeting the Woodford Shale formation and Brookside has a cumulative working interest of 20.9% (~3% WI per well) and a cumulative net revenue interest (NRI) of 15.7% (~2.24% NRI per well).
Production from the Gapstow FFD is anticipated to begin early in the December quarter of 2024 and is expected to contribute ~150BEOPD (70% liquids) net to Brookside over an initial two years.
This will be in addition to production from Brookside’s Flames Maroons Development Plan (FMDP), which is expected to begin in late Q3/early Q4 2024.
Continental Resources’ Gapstow Full Field Development (FFD) is on acreage to the south and contiguous with Brookside’s Bruins and Jewell DSUs. Brookside will participate in five Woodford wells (names ending with HXW) and two Sycamore wells (names ending in HXM). The FFD aims to reproduce the results of the successful Gapstow 1-24-13-14XHM well which has produced ~580,000 BOE in 11 months.
Rapid progress
Continental is moving swiftly ahead with the nine-well Gapstow FFD and the final well is expected to reach total depth this week.
All other wells have successfully reached total depth and have been cased with production casing. The average total measured depth of the wells to date is ~22,000 feet with designed completed lateral lengths of ~12,500 feet.
As it wastes no time heading toward production, Continental has simultaneously started battery construction and completion operations on the drilled uncompleted (DUC’d) wells.
Preparation of all remaining DUC’d wells for frac operations is ongoing and full-time completion operations of the Gapstow wells are imminent.
About Gapstow FFD
The Gapstow FFD program is centred on the highly productive Gapstow Well which has produced approximately 415,000 BBLs of oil and almost 1 BCF of gas in 11 months.
Continental is drilling the nine wells that make up the Gapstow FFD in a 'wine rack' pattern targeting the Sycamore Lime and Woodford Shale formation as per Continental’s Courbet full field development and the FMDP.