Brookside Energy Ltd (ASX:BRK) has achieved a peak flow rate (IP24) of about 1,500 barrels of oil equivalent (BOE) per day at the high-impact Flames 3-10-1S-3W WXH1 Well within the Woodford Formation in the SWISH area of interest (AOI) of Oklahoma's Anadarko Basin.
This marks the second-highest recorded IP24 rate for a well producing from the Woodward Formation. IP24 measures initial oil production rate over 24 hours for the well.
The well subsequently achieved an IP30 (initial rate of production over the first 30 days) of about 1,200 BOE, generated within a period of measurement covering a combination of production rate growth followed by steady production for the well.
“Result has very positive implications”
“We are delighted to report the achievement of the final milestone in our successful SWISH AOI HBP Program with the reporting of a peak rate and IP30 for our first Woodford Shale well in this AOI (our Flames Well),” Brookside Energy managing director David Prentice said.
“This outstanding result has very positive implications for the value of the low-risk high-return PUDs we can assign to this formation across our acreage position.
"We look forward to bringing news of the commencement of our Phase Two development program, as well as work on our new AOI, to our shareholders in the coming weeks and months.”
Flames Well, which is operated by Black Mesa Energy, LLC, a controlled subsidiary of Brookside, was drilled by Kenai Drilling Company in Carter County, Oklahoma.
The well was drilled as a full-length horizontal well targeting the Woodford Formation at an average depth of ~7,800 feet. It was drilled to a total measured depth of ~18,140 feet.