Brookside Energy (ASX:BRK) has disclosed that combined gross production from the Sabres and Whalers wells at its operated Suttles Pad in the SWISH Play, southern SCOOP, Anadarko Basin, Oklahoma, has exceeded 1,200 barrels of oil equivalent per day (BOEPD) over a 24-hour period during flowback, with liquids accounting for approximately 78% of total production.

Key Points

  • Combined gross production from the Sabres and Whalers wells has exceeded 1,200 BOEPD over a 24-hour period, with liquids at approximately 78% of total production.
  • The complete two-well development is tracking approximately 15% below the original AFE, according to current estimates.
  • Both wells remain in flowback with reported load recovery of approximately 20% each and peak production rates yet to be established.
  • Working interests confirmed at 72.4% in Sabres and 71.3% in Whalers, up from the approximately 70% previously reported.
  • The two wells bring Brookside's operated SWISH producing well count to eleven.

Suttles Pad Flowback and Production Update

Both the Sabres and Whalers wells at the Suttles Pad have been successfully brought into production. The Sabres well targets the Sycamore reservoir while the Whalers well targets the Woodford reservoir. According to the filing, the two wells are exhibiting different early production profiles, which the company said was expected given the contrasting characteristics of the two reservoirs. Production from both wells has increased since first sales as flowback and clean-up operations continue to progress. The two wells bring two further locations within the company's independently certified reserve base into production.

Development Costs Tracking Below Original AFE

Current estimates indicate that the complete two-well development at Suttles Pad, including pad construction, drilling, completions, and facilities, is tracking approximately 15% below the original authorisation for expenditure (AFE). Both wells remain in flowback, with reported load recovery of approximately 20% for each well. Peak production rates have not yet been established. The filing notes that production volumes include estimated natural gas liquids based on a yield of 120 barrels per million cubic feet of raw gas, with gas volumes adjusted for 20% shrinkage and residue gas converted to BOE at 6 Mcf per BOE.

Working Interests Confirmed Following OCC Hearings

Following the final Oklahoma Corporation Commission (OCC) hearings and the completion of mop-up pooling, Brookside's working interests in the Suttles Pad wells have been confirmed. The company's working interest in the Sabres well has been confirmed at 72.4%, and at 71.3% in the Whalers well. These figures compare with the approximately 70% working interest previously reported for both wells. Managing Director and CEO David Prentice said the company had delivered another development safely and efficiently, and described the early production response as encouraging, noting the company has a substantial reserve base to work with.