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Brookside Energy reports strong drilling progress in Anadarko Basin

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By Colin Hay - 
Brookside Energy ASX BRK drilling progress Anadarko Basin
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Brookside Energy (ASX: BRK) reports that strong progress is being made with drilling at the multi-well Flames-Maroons Development Plan (FMDP) in the core of the southern SCOOP Play in the Anadarko Basin in the USA.

The company is currently participating in the Iginla well lateral section, which is drilling ahead at a measured depth of approximately 6,500 feet.

Upon completion of drilling of the lateral section, the well will be cased with the casing cemented in place after which the rig will be walked back to the Maroons well to drill the intermediate section.

Iginla is part of the multi-well well Flames-Maroons Development Plan (FMDP) program in the US state of Oklahoma.

Southern SCOOP play

The FMDP is being undertaken in the core of the southern SCOOP play in the Anadarko Basin and is targeting the highly productive Sycamore and Woodford formations.

Of the four wells in the multi-well drilling program, three are being drilled from the Sanford pad; the Fleury, Maroons, and Iginla wells. Once these wells have been drilled and cased the drill rig will move to the Flames well pad and drill the fourth well, the Rocket well.

Brookside considers the FMDP multi-well program to be a transformational opportunity for the company, with all four wells scheduled to be brought into production simultaneously late in the third quarter or early in the fourth quarter of 2024.

The FMDP is targeting forecast net production to grow to about 2,500 barrels of oil equivalent per day (BOEPD) by the fourth quarter of 2024.

Anadarko Basin a globally important play

The Anadarko Basin is recognised as a heavyweight among United States shale regions in terms of oil and natural gas production.  The basin has a long history of oil and gas production with current production estimated to be in the order of 600,000 barrels of oil equivalent per day.

Current estimates point to annual drilling and completion capital expenditure across the STACK and SCOOP Plays being in excess of US$3.0 billion.