Brookside Energy (ASX:BRK) expands Anadarko footprint with Riverbend AOI

Brookside Energy (ASX:BRK) has broadened its position in the Anadarko Basin with the unveiling of its new Riverbend Area of Interest, a 24 square mile footprint in one of the most prolific hydrocarbon provinces in the United States.

For the Perth-based oil and gas developer, Riverbend is more than a land grab, it is a carefully timed, cycle-aligned move that the company believes can materially lift reserves and extend its growth runway in a basin that has already delivered billions of barrels of oil equivalent.

Highlights

• Riverbend AOI spans ~24 square miles targeting Devonian, Mississippian and Pennsylvanian reservoirs

• Estimated ultimate recovery per well of ~630,000 BOE on a base case, with upside to ~960,000 BOE

• Liquids-rich production forecast at ~82 per cent, including ~68 per cent oil

• Economic modelling indicates rates of return up to ~76 per cent and a ~12-month payout period

• Initial leasing program underway, targeting up to four 1,280-acre drilling spacing units

The Riverbend AOI is targeting reservoirs that are both laterally continuous and thick, averaging 80 feet and reaching up to 200 feet in certain areas.

These formations are in the oil to volatile-oil window, a zone prized for its ability to yield liquids-rich hydrocarbons at a lower cost of development compared with deeper, gas-prone plays.

The geology is described as gentle and predictable, reducing uncertainty and supporting Brookside’s decision, after studying more than 500 offset wells and detailed logs, to launch an initial leasing campaign targeting up to four 1,280-acre spacing units.

Wells in the program are projected to deliver robust economics, with base case models indicating rates of return of up to 76 per cent and payback in about a year.

Such economics are particularly attractive in a market where investors are rewarding companies capable of generating rapid cash flow and disciplined capital returns.

The region already has a proven production history, with nearby wells delivering more than 7 million barrels of oil and 11 billion cubic feet of liquids-rich gas.

That track record gives Brookside confidence in the development potential and provides a template for scaling up.

Brookside Energy‘s managing director and chief executive David Prentice framed Riverbend as an example of the company’s ability to pair technical insight with disciplined execution.

“Riverbend highlights the strength of our team’s technical and commercial expertise and our ability to identify high-impact opportunities at the right point in the cycle. This AOI has the potential to deliver material reserves growth, underpinned by strong well economics and a proven regional production history. With leasing now underway, Riverbend deepens our Anadarko Basin inventory and continues Brookside’s track record of disciplined, cycle-aligned growth that delivers value for our shareholders.”

Looking ahead, Brookside intends to advance Riverbend through a staged program that includes establishing an operated position, securing regulatory approvals, drilling reserve-definition wells, and ultimately booking reserves before embarking on full-field development.

Each milestone along this pathway is expected to provide investors with tangible markers of progress.

Brookside has built its reputation on entering plays at the right point in the cycle and focusing on execution rather than speculation.

If Riverbend can be converted from prospective resource to booked reserves and production, the project could cement the company’s position as a disciplined mid-tier operator, balancing technical ambition with commercial pragmatism.