Key Highlights

  • First hydrocarbon sales established from both the Sabres 2-1-1S-3W SXH1 and Whalers 2-1-1S-3W WXH2 wells at the Suttles Pad in the SWISH Play, southern SCOOP, Anadarko Basin.
  • Brookside holds approximately 70% working interest in both wells, which are completed in the Sycamore and Woodford formations respectively.
  • The addition of Sabres and Whalers brings Brookside's total operated producing well count in the SWISH Play to eleven.
  • Both wells are in the early flowback stage with clean-up operations continuing; IP24 and IP30 production rates will be reported once representative data are available.

Suttles Pad Wells Reach First Sales in the SWISH Play

Brookside Energy (ASX:BRK) has brought both wells at its Suttles Pad in Oklahoma to first hydrocarbon sales, an operational milestone that extends the company's producing footprint in the SWISH Play and advances its stated strategy of building production scale in the southern SCOOP fairway of the Anadarko Basin.

The Sabres 2-1-1S-3W SXH1 well — targeting the Sycamore Formation — and the Whalers 2-1-1S-3W WXH2 well, completed in the Woodford Formation, both commenced flowing Hydrocarbons to sales during the early stages of flowback. Clean-up operations are continuing as completion fluids are recovered, with peak 24-hour (IP24) and 30-day average (IP30) production rates expected to be reported once the company has gathered sufficient representative data.

Eleven Operating Wells in the SWISH Play

The addition of Sabres and Whalers brings Brookside's total operated producing well count in the SWISH Play to eleven, a measure of the incremental production base the company has assembled since establishing its position in the southern SCOOP. Brookside holds approximately 70% working interest in both Suttles wells — a material stake that maximises the company's Revenue exposure to production performance while retaining operational control as operator.

MD and CEO David Prentice framed the result as a competent delivery of the two-well Suttles programme, noting the team's safe and efficient execution. The focus now shifts to monitoring well performance through the flowback period and establishing the production rates that will determine each well's commercial contribution.

The SWISH Play Strategy and Production Build

The SWISH Play — Brookside's proprietary designation for its operated acreage in the southern SCOOP — has been the company's primary development focus, with each successive well programme adding to a growing base of producing assets. The dual-formation completion approach at Suttles, targeting both the Sycamore and Woodford in separate wells on the same pad, reflects the stacked reservoir potential of the SCOOP fairway and the operational efficiency of pad-based drilling.

The strategic rationale behind building an eleven-well producing portfolio centres on the Diversification of production risk across multiple wells and formations, reducing the impact of any single well underperformance on overall output. For a company of Brookside's scale, the transition from exploration-focused to a steadily growing production-oriented Business marks a meaningful shift in the nature of its operating cash flows.

Sector Context

The southern SCOOP in Oklahoma has been a focus area for both majors and independents seeking exposure to stacked-pay unconventional opportunities in an established oil and gas jurisdiction. The Anadarko Basin's Woodford and Sycamore formations are proven producers, and the region benefits from established gathering, processing, and takeaway infrastructure that reduces the logistical complexity of bringing new wells to market. At a time when the energy sector faces competing narratives around decarbonisation and Supply security, domestic U.S. production from established basins continues to attract capital.

For ASX-listed oil and gas companies with U.S. operations, currency dynamics between the Australian dollar and U.S. dollar add an additional variable to the revenue equation, with a weaker Australian dollar providing a natural tailwind to AUD-denominated revenue from U.S. hydrocarbon sales.

Risks

Both Suttles wells are in the early flowback phase, meaning IP24 and IP30 rates — the primary benchmarks investors use to assess well productivity — are not yet available. Flowback performance can be variable in the early stages as completion fluids clear, and the ultimate production profile will not be confirmed for several more weeks. Any underperformance relative to the company's type-curve expectations for the SWISH Play could affect near-term production growth assumptions.

At 70% working interest, Brookside retains the majority of production exposure but also bears a proportionate share of any cost overruns in the Suttles programme. Commodity price movements — particularly oil and Natural Gas prices in U.S. markets — will determine the revenue contribution from the new wells.

What to Watch Next

The primary data point to watch is the release of IP24 and IP30 production rates from Sabres and Whalers once sufficient flowback data have been collected. These figures will allow the market to benchmark the Suttles wells against Brookside's prior SWISH Play performance and against basin-wide production benchmarks for Sycamore and Woodford completions. Any announcement of the next well programme in the SWISH Play will also signal the pace at which Brookside intends to continue building its producing asset base beyond the current eleven-well count.